Chesley Taft & Associates LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 105,087 shares of the information services provider’s stock after selling 2,050 shares during the period. Chesley Taft & Associates LLC’s holdings in Alphabet were worth $12,579,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Spreng Capital Management Inc. grew its position in shares of Alphabet by 4.0% during the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after acquiring an additional 5 shares during the period. West Family Investments Inc. grew 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 acquiring an additional 6 shares during the period. Maple Capital Management Inc. grew its position in shares of Alphabet by 2.1% during the 1st quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock valued at $823,000 after acquiring an additional 6 shares during the period. Private Advisory Group LLC grew its position in shares of Alphabet by 1.8% during the 1st 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 period. Finally, Weik Capital Management grew its position in shares of Alphabet by 0.5% during the 1st quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock valued at $4,264,000 after acquiring an additional 8 shares during the period. Institutional investors own 35.08% of the company’s stock.
Insiders Place Their Bets
In other Alphabet news, CAO Amie Thuener O’toole sold 3,749 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $136.28, for a total value of $510,913.72. Following the sale, the chief accounting officer now owns 25,568 shares of the company’s stock, valued at approximately $3,484,407.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Alphabet news, Director Frances Arnold sold 240 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $130.85, for a total value of $31,404.00. Following the sale, the director now owns 13,917 shares of the company’s stock, valued at approximately $1,821,039.45. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 3,749 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $136.28, for a total transaction of $510,913.72. Following the completion of the sale, the chief accounting officer now directly owns 25,568 shares in the company, valued at approximately $3,484,407.04. The disclosure for this sale can be found here. Insiders have sold a total of 131,731 shares of company stock valued at $16,880,398 in the last quarter. Insiders own 0.88% of the company’s stock.
Alphabet Price Performance
GOOGL stock opened at $130.86 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.14 and a current ratio of 2.17. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $139.16. The firm’s fifty day moving average is $131.84 and its 200 day moving average is $120.46. The firm has a market cap of $1.65 trillion, a P/E ratio of 27.72, a P/E/G ratio of 1.52 and a beta of 1.06.
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its earnings results on Tuesday, July 25th. The information services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.32 by $0.12. The company had revenue of $74.60 billion for the quarter, compared to analyst estimates of $60.24 billion. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. During the same quarter last year, the firm earned $1.21 EPS. Research analysts predict that Alphabet Inc. will post 5.68 earnings per share for the current year.
Wall Street Analysts Forecast Growth
GOOGL has been the topic of a number of recent research reports. JMP Securities restated a “market outperform” rating and set a $138.00 price target on shares of Alphabet in a research note on Wednesday, August 30th. 51job restated a “downgrade” rating on shares of Alphabet in a research note on Tuesday, June 27th. KeyCorp upped their price target on shares of Alphabet from $140.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, July 26th. Credit Suisse Group upped their price target on shares of Alphabet from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, July 17th. Finally, Truist Financial upped their price target on shares of Alphabet from $122.00 to $160.00 in a research note on Wednesday, July 26th. Four equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.89.
Check Out Our Latest Report on GOOGL
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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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