Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Circle Wealth Management LLC

Circle Wealth Management LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 3.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,736 shares of the information services provider’s stock after selling 93 shares during the period. Alphabet makes up 1.0% of Circle Wealth Management LLC’s portfolio, making the stock its 15th biggest position. Circle Wealth Management LLC’s holdings in Alphabet were worth $7,642,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Accretive Wealth Partners LLC lifted its position in shares of Alphabet by 1.8% in the 4th quarter. Accretive Wealth Partners LLC now owns 801 shares of the information services provider’s stock worth $2,318,000 after buying an additional 14 shares during the last quarter. abrdn plc lifted its position in shares of Alphabet by 4.2% in the 4th quarter. abrdn plc now owns 227,140 shares of the information services provider’s stock worth $657,250,000 after buying an additional 9,059 shares during the last quarter. Rafferty Asset Management LLC lifted its position in shares of Alphabet by 45.3% in the 4th quarter. Rafferty Asset Management LLC now owns 3,064 shares of the information services provider’s stock worth $8,866,000 after buying an additional 955 shares during the last quarter. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Alphabet in the 4th quarter worth about $75,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Alphabet by 2.4% in the 4th quarter. JPMorgan Chase & Co. now owns 3,752,343 shares of the information services provider’s stock worth $10,857,740,000 after buying an additional 87,144 shares during the last quarter. 1.49% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

Shares of GOOG opened at $111.78 on Friday. The firm’s 50 day moving average is $114.47 and its 200-day moving average is $120.25. The stock has a market capitalization of $1.46 trillion, a P/E ratio of 20.80, a P/E/G ratio of 1.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 2.78. Alphabet Inc. has a 12-month low of $102.21 and a 12-month high of $152.10.

Alphabet (NASDAQ:GOOGGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.06). The business had revenue of $57.47 billion during the quarter, compared to analyst estimates of $57.55 billion. Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same period in the prior year, the firm earned $27.26 EPS. Equities research analysts anticipate that Alphabet Inc. will post 5.21 EPS for the current fiscal year.

Analysts Set New Price Targets

GOOG has been the topic of a number of recent research reports. Oppenheimer reduced their price target on shares of Alphabet from $3,290.00 to $165.00 in a research report on Tuesday, July 19th. Evercore ISI reduced their price target on shares of Alphabet from $165.00 to $155.50 and set an “outperform” rating on the stock in a research report on Thursday, July 7th. Susquehanna Bancshares cut their price objective on shares of Alphabet from $187.00 to $150.00 in a research report on Wednesday, July 27th. MKM Partners cut their price objective on shares of Alphabet from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, July 18th. Finally, Itau BBA Securities began coverage on shares of Alphabet in a research report on Tuesday, July 26th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.05.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 42 shares of the firm’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $2,166.74, for a total value of $91,003.08. Following the completion of the transaction, the chief accounting officer now directly owns 1,192 shares in the company, valued at $2,582,754.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Alphabet news, Director Ann Mather sold 20 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total value of $47,666.40. Following the completion of the transaction, the director now directly owns 565 shares in the company, valued at $1,346,575.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 42 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total transaction of $91,003.08. Following the completion of the transaction, the chief accounting officer now owns 1,192 shares of the company’s stock, valued at $2,582,754.08. The disclosure for this sale can be found here. Insiders have sold 43,036 shares of company stock valued at $15,564,998 in the last quarter. Insiders own 12.99% of the company’s stock.

Alphabet Company Profile

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Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Further Reading

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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