Paragon Financial Partners Inc. Lowers Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Paragon Financial Partners Inc. trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,622 shares of the information services provider’s stock after selling 200 shares during the period. Alphabet makes up about 0.6% of Paragon Financial Partners Inc.’s holdings, making the stock its 27th biggest position. Paragon Financial Partners Inc.’s holdings in Alphabet were worth $646,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mosaic Family Wealth Partners LLC grew its position in Alphabet by 31.3% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 6,838 shares of the information services provider’s stock valued at $955,000 after buying an additional 1,629 shares during the last quarter. Helios Capital Management PTE. Ltd. acquired a new stake in Alphabet in the fourth quarter valued at $335,000. MBE Wealth Management LLC acquired a new stake in Alphabet in the fourth quarter valued at $221,000. Kennedy Investment Group lifted its holdings in Alphabet by 8.2% in the fourth quarter. Kennedy Investment Group now owns 6,086 shares of the information services provider’s stock valued at $850,000 after acquiring an additional 460 shares during the period. Finally, HTG Investment Advisors Inc. acquired a new stake in Alphabet in the fourth quarter valued at $203,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GOOGL shares. Citigroup reissued a “buy” rating and issued a $168.00 target price on shares of Alphabet in a report on Wednesday, April 10th. Barclays reduced their target price on Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. Mizuho raised their target price on Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $155.00 price target on shares of Alphabet in a research note on Wednesday, January 31st. Finally, Roth Mkm cut their price target on Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.41.

Alphabet Stock Down 1.2 %

GOOGL opened at $154.09 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. The business has a 50-day moving average of $146.26 and a two-hundred day moving average of $140.54. Alphabet Inc. has a 12 month low of $102.63 and a 12 month high of $160.22.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter in the previous year, the business earned $1.05 EPS. On average, research analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current year.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares in the company, valued at approximately $2,326,922.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00. Following the transaction, the chief executive officer now directly owns 2,377,691 shares in the company, valued at $347,832,416.39. The disclosure for this sale can be found here. In the last quarter, insiders sold 251,339 shares of company stock worth $36,377,482. 0.88% of the stock is currently owned by company insiders.

About Alphabet

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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.