Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by QV Investors Inc.

QV Investors Inc. lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 55.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,120 shares of the information services provider’s stock after selling 86,430 shares during the quarter. QV Investors Inc.’s holdings in Alphabet were worth $11,629,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Riverview Trust Co lifted its stake in Alphabet by 3.2% during the first quarter. Riverview Trust Co now owns 7,758 shares of the information services provider’s stock worth $1,171,000 after purchasing an additional 240 shares during the last quarter. Mechanics Bank Trust Department lifted its stake in Alphabet by 1.9% during the first quarter. Mechanics Bank Trust Department now owns 133,661 shares of the information services provider’s stock worth $20,173,000 after purchasing an additional 2,430 shares during the last quarter. West Coast Financial LLC lifted its stake in Alphabet by 1.9% during the first quarter. West Coast Financial LLC now owns 134,101 shares of the information services provider’s stock worth $20,240,000 after purchasing an additional 2,437 shares during the last quarter. Fermata Advisors LLC lifted its stake in Alphabet by 36.8% during the first quarter. Fermata Advisors LLC now owns 5,809 shares of the information services provider’s stock worth $877,000 after purchasing an additional 1,563 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in Alphabet by 2.7% during the first quarter. Dynamic Advisor Solutions LLC now owns 142,098 shares of the information services provider’s stock worth $21,447,000 after purchasing an additional 3,708 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the topic of a number of recent research reports. Argus raised their target price on Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Rosenblatt Securities reiterated a “neutral” rating and issued a $181.00 target price on shares of Alphabet in a research note on Wednesday, July 24th. Pivotal Research upgraded Alphabet to a “strong-buy” rating in a research note on Tuesday, October 1st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $190.00 target price on shares of Alphabet in a research note on Monday, October 7th. Finally, Loop Capital reiterated a “hold” rating and issued a $170.00 target price on shares of Alphabet in a research note on Wednesday, July 3rd. Eight equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $201.76.

Alphabet Stock Down 0.0 %

GOOGL opened at $162.72 on Friday. The business has a 50 day moving average price of $161.87 and a 200 day moving average price of $168.40. Alphabet Inc. has a twelve month low of $120.21 and a twelve month high of $191.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a market cap of $2.01 trillion, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04.

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

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the transaction, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the transaction, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $153.75, for a total value of $123,000.00. Following the completion of the transaction, the director now directly owns 28,524 shares in the company, valued at approximately $4,385,565. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 220,426 shares of company stock valued at $35,993,340 in the last three months. Company insiders own 11.55% of the company’s stock.

Alphabet 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.