Valiant Capital Management L.P. Sells 2,100 Shares of Alphabet Inc. (NASDAQ:GOOG)

Valiant Capital Management L.P. lowered its stake in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 12.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,379 shares of the information services provider’s stock after selling 2,100 shares during the quarter. Alphabet comprises about 4.6% of Valiant Capital Management L.P.’s portfolio, making the stock its 9th biggest holding. Valiant Capital Management L.P.’s holdings in Alphabet were worth $40,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the stock. SWS Partners purchased a new stake in shares of Alphabet during the first quarter worth approximately $28,000. Rational Advisors LLC acquired a new stake in shares of Alphabet during the first quarter worth $28,000. IAG Wealth Partners LLC lifted its holdings in shares of Alphabet by 120.0% during the first quarter. IAG Wealth Partners LLC now owns 11 shares of the information services provider’s stock worth $31,000 after purchasing an additional 6 shares during the period. Rather & Kittrell Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth $34,000. Finally, Westchester Capital Management Inc. acquired a new stake in shares of Alphabet during the first quarter worth $36,000. Institutional investors and hedge funds own 1.49% of the company’s stock.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 42 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total value of $91,003.08. Following the completion of the sale, the chief accounting officer now directly owns 1,192 shares in the company, valued at approximately $2,582,754.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Amie Thuener O’toole sold 42 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total value of $91,003.08. Following the completion of the sale, the chief accounting officer now directly owns 1,192 shares in the company, valued at approximately $2,582,754.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 34,799 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $118.25, for a total value of $4,114,981.75. Following the completion of the sale, the insider now owns 18,484 shares of the company’s stock, valued at $2,185,733. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,036 shares of company stock worth $15,564,998. 12.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GOOG shares. JPMorgan Chase & Co. set a $140.00 price target on Alphabet in a report on Thursday, July 21st. The Goldman Sachs Group set a $150.00 price target on Alphabet in a research report on Wednesday, July 27th. Susquehanna dropped their price target on Alphabet from $187.00 to $150.00 in a research report on Wednesday, July 27th. Oppenheimer dropped their price target on Alphabet from $3,290.00 to $165.00 in a research report on Tuesday, July 19th. Finally, Credit Suisse Group set a $143.00 price target on Alphabet in a research report on Tuesday, July 19th. One investment analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.05.

Alphabet Price Performance

GOOG stock opened at $111.78 on Friday. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 52-week low of $102.21 and a 52-week high of $152.10. The stock’s 50 day moving average is $114.47 and its two-hundred day moving average is $120.25. The company has a market capitalization of $1.46 trillion, a PE ratio of 20.80, a P/E/G ratio of 1.81 and a beta of 1.08.

Alphabet (NASDAQ:GOOGGet Rating) last posted 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). 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 analysts’ expectations of $57.55 billion. During the same quarter in the prior year, the firm earned $27.26 earnings per share. Analysts predict that Alphabet Inc. will post 5.21 earnings per share for the current fiscal year.

Alphabet 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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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