BHK Investment Advisors LLC Sells 130 Shares of Alphabet Inc. (NASDAQ:GOOGL)

BHK Investment Advisors LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,780 shares of the information services provider’s stock after selling 130 shares during the quarter. BHK Investment Advisors LLC’s holdings in Alphabet were worth $388,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. DC Investments Management LLC bought a new stake in Alphabet during the 1st quarter worth about $114,000. Bridgefront Capital LLC bought a new position in shares of Alphabet in the 1st quarter valued at about $225,000. Worth Asset Management LLC bought a new position in shares of Alphabet in the 1st quarter valued at about $206,000. Eudaimonia Advisors LLC boosted its stake in shares of Alphabet by 15.1% in the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock valued at $275,000 after purchasing an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC bought a new position in shares of Alphabet in the 1st quarter valued at about $281,000. Institutional investors own 40.03% of the company’s stock.

Insider Activity

In other news, CFO Ruth Porat sold 48,077 shares of Alphabet stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the sale, the chief financial officer now directly owns 1,777,106 shares in the company, valued at $243,854,485.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the transaction, the chief financial officer now directly owns 1,777,106 shares of the company’s stock, valued at $243,854,485.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the completion of the transaction, the chief executive officer now directly owns 2,377,691 shares of the company’s stock, valued at $347,832,416.39. The disclosure for this sale can be found here. Insiders have sold 251,339 shares of company stock worth $36,377,482 over the last ninety days. Insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on GOOGL. Wedbush reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Alphabet in a research note on Wednesday, April 10th. Susquehanna raised their target price on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Wells Fargo & Company reduced their target price on shares of Alphabet from $144.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $185.00 target price (up previously from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. Finally, Barclays reduced their target price on shares of Alphabet from $180.00 to $173.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.41.

Alphabet Price Performance

NASDAQ GOOGL opened at $154.09 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12-month low of $102.63 and a 12-month high of $160.22. The company has a market capitalization of $1.92 trillion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. The firm’s 50 day moving average is $146.26 and its 200-day moving average is $140.60.

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

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.