Hexagon Capital Partners LLC Sells 433 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Hexagon Capital Partners LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,025 shares of the information services provider’s stock after selling 433 shares during the period. Alphabet comprises approximately 0.4% of Hexagon Capital Partners LLC’s holdings, making the stock its 17th largest holding. Hexagon Capital Partners LLC’s holdings in Alphabet were worth $1,994,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of GOOGL. Christopher J. Hasenberg Inc increased its stake in Alphabet by 75.0% in the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 60 shares during the period. Tributary Capital Management LLC acquired a new stake in Alphabet during the first quarter valued at approximately $30,000. Kings Path Partners LLC bought a new stake in shares of Alphabet in the 2nd quarter valued at approximately $36,000. Denver PWM LLC acquired a new position in shares of Alphabet in the 2nd quarter worth approximately $41,000. Finally, CarsonAllaria Wealth Management Ltd. lifted its position in shares of Alphabet by 59.2% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock worth $44,000 after buying an additional 109 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. DA Davidson assumed coverage on Alphabet in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 price target on the stock. Piper Sandler reiterated an “overweight” rating and set a $200.00 target price on shares of Alphabet in a research report on Monday, September 30th. JMP Securities restated a “market outperform” rating and issued a $200.00 price target on shares of Alphabet in a research report on Wednesday, September 25th. JPMorgan Chase & Co. raised their price objective on shares of Alphabet from $200.00 to $208.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Loop Capital reissued a “hold” rating and issued a $170.00 target price on shares of Alphabet in a report on Wednesday, July 3rd. Eight research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $201.76.

Alphabet Stock Performance

GOOGL stock opened at $162.93 on Friday. Alphabet Inc. has a 1-year low of $120.21 and a 1-year high of $191.75. The business’s 50-day moving average price is $161.77 and its two-hundred day moving average price is $168.01. The firm has a market cap of $2.01 trillion, a PE ratio of 24.99, a P/E/G ratio of 1.21 and a beta of 1.04. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.04. The business had revenue of $84.74 billion during the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period in the previous year, the firm earned $1.44 EPS. As a group, research analysts forecast that Alphabet Inc. will post 7.64 earnings per share for the current year.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total value of $3,741,750.00. Following the sale, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the sale, the chief accounting officer now directly owns 31,334 shares in the company, valued at approximately $5,264,112. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 220,426 shares of company stock worth $35,993,340 over the last quarter. 11.55% of the stock is currently owned by company insiders.

Alphabet Company Profile

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.