Academy Capital Management Inc. TX Cuts Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Academy Capital Management Inc. TX cut its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 1.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 179,933 shares of the information services provider’s stock after selling 1,758 shares during the quarter. Alphabet comprises 5.0% of Academy Capital Management Inc. TX’s holdings, making the stock its 9th largest position. Academy Capital Management Inc. TX’s holdings in Alphabet were worth $23,546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Spreng Capital Management Inc. boosted its stake in Alphabet by 4.0% in the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after purchasing an additional 5 shares during the period. West Family Investments Inc. boosted its position in shares of Alphabet by 0.3% during the 1st quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock valued at $4,878,000 after purchasing an additional 6 shares in the last quarter. Maple Capital Management Inc. lifted its holdings in shares of Alphabet by 2.1% in the first quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock valued at $823,000 after purchasing an additional 6 shares in the last quarter. Private Advisory Group LLC increased its position in shares of Alphabet by 1.8% during the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock valued at $1,115,000 after acquiring an additional 7 shares during the last quarter. Finally, Weik Capital Management increased its position in Alphabet by 0.5% in the first quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock worth $4,264,000 after buying an additional 8 shares during the last quarter. 35.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $141.43, for a total transaction of $3,182,175.00. Following the completion of the sale, the chief executive officer now directly owns 2,407,688 shares of the company’s stock, valued at $340,519,313.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $141.43, for a total value of $3,182,175.00. Following the completion of the sale, the chief executive officer now owns 2,407,688 shares in the company, valued at approximately $340,519,313.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $132.92, for a total transaction of $26,584.00. Following the sale, the director now directly owns 7,184 shares in the company, valued at $954,897.28. The disclosure for this sale can be found here. Insiders have sold 114,674 shares of company stock valued at $16,162,276 in the last quarter. Company insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GOOGL shares. Wedbush reaffirmed an “outperform” rating and set a $160.00 price target on shares of Alphabet in a research note on Wednesday, January 31st. BMO Capital Markets upped their price objective on Alphabet from $170.00 to $178.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Monness Crespi & Hardt downgraded shares of Alphabet from a “buy” rating to a “neutral” rating in a report on Wednesday, October 25th. JMP Securities lifted their price objective on shares of Alphabet from $150.00 to $160.00 and gave the company a “market outperform” rating in a report on Wednesday, January 31st. Finally, Piper Sandler lifted their price objective on shares of Alphabet from $147.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. Five research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $153.65.

View Our Latest Stock Analysis on GOOGL

Alphabet Price Performance

Shares of GOOGL opened at $145.54 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market capitalization of $1.82 trillion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 1.33 and a beta of 1.06. Alphabet Inc. has a fifty-two week low of $88.57 and a fifty-two week high of $153.78. The firm has a 50-day simple moving average of $140.11 and a 200-day simple moving average of $135.36.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same period in the previous year, the company earned $1.05 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 6.76 earnings per share for the current year.

Alphabet Company Profile

(Free Report)

Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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