Psagot Value Holdings Ltd. Israel Sells 820 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Psagot Value Holdings Ltd. Israel cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 10.8% during the first quarter, Holdings Channel reports. The fund owned 6,775 shares of the information services provider’s stock after selling 820 shares during the quarter. Alphabet comprises about 4.1% of Psagot Value Holdings Ltd. Israel’s holdings, making the stock its 4th biggest holding. Psagot Value Holdings Ltd. Israel’s holdings in Alphabet were worth $18,844,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in GOOGL. Dravo Bay LLC acquired a new position in Alphabet in the 1st quarter valued at $28,000. Wealthgate Family Office LLC acquired a new position in Alphabet in the 4th quarter valued at $32,000. Verity Asset Management Inc. grew its holdings in Alphabet by 536,206.4% in the 1st quarter. Verity Asset Management Inc. now owns 589,937 shares of the information services provider’s stock valued at $39,000 after buying an additional 589,827 shares in the last quarter. Greenspring Advisors LLC grew its holdings in Alphabet by 76.6% in the 1st quarter. Greenspring Advisors LLC now owns 491 shares of the information services provider’s stock valued at $49,000 after buying an additional 213 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. acquired a new position in Alphabet in the 4th quarter valued at $55,000. 1.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GOOGL has been the topic of several analyst reports. Itau BBA Securities initiated coverage on Alphabet in a report on Tuesday, July 26th. They set a “market perform” rating and a $113.00 target price on the stock. Moffett Nathanson reduced their target price on Alphabet to $132.50 in a report on Thursday, May 26th. Mizuho reduced their target price on Alphabet from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, July 22nd. Rosenblatt Securities increased their target price on Alphabet from $154.00 to $156.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Stifel Nicolaus set a $155.00 target price on Alphabet in a report on Monday, July 18th. Five investment analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $147.41.

Insider Buying and Selling

In related news, Director Ann Mather sold 280 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $115.15, for a total transaction of $32,242.00. Following the completion of the sale, the director now owns 11,420 shares of the company’s stock, valued at $1,315,013. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Amie Thuener O’toole sold 847 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $114.33, for a total transaction of $96,837.51. Following the completion of the sale, the chief accounting officer now owns 24,052 shares in the company, valued at $2,749,865.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 280 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $115.15, for a total value of $32,242.00. Following the sale, the director now owns 11,420 shares of the company’s stock, valued at approximately $1,315,013. The disclosure for this sale can be found here. Insiders sold 43,036 shares of company stock valued at $15,564,998 over the last 90 days. Company insiders own 11.44% of the company’s stock.

Alphabet Trading Up 2.1 %

NASDAQ GOOGL opened at $110.65 on Friday. The business has a 50 day simple moving average of $113.69 and a 200 day simple moving average of $119.73. Alphabet Inc. has a one year low of $101.88 and a one year high of $151.55. The stock has a market capitalization of $1.44 trillion, a P/E ratio of 20.59, a P/E/G ratio of 1.75 and a beta of 1.09. 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 (NASDAQ:GOOGLGet Rating) last released its earnings results on Tuesday, July 26th. The information services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.06). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. The business had revenue of $57.47 billion for the quarter, compared to analyst estimates of $57.55 billion. During the same period in the prior year, the business earned $27.26 EPS. Research analysts expect that Alphabet Inc. will post 5.21 earnings per share for the current year.

About Alphabet

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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

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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