Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by NovaPoint Capital LLC

NovaPoint Capital LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,439 shares of the information services provider’s stock after selling 740 shares during the period. NovaPoint Capital LLC’s holdings in Alphabet were worth $2,229,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GOOGL. Capital Investment Advisors LLC boosted its position in shares of Alphabet by 3.2% during the 3rd quarter. Capital Investment Advisors LLC now owns 388,702 shares of the information services provider’s stock worth $64,466,000 after acquiring an additional 11,886 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. lifted its stake in Alphabet by 3.8% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 782,064 shares of the information services provider’s stock worth $129,705,000 after purchasing an additional 28,923 shares during the last quarter. Blue Trust Inc. boosted its holdings in Alphabet by 91.7% in the third quarter. Blue Trust Inc. now owns 61,900 shares of the information services provider’s stock valued at $11,275,000 after purchasing an additional 29,604 shares in the last quarter. Meridian Financial Partners LLC increased its stake in Alphabet by 0.8% in the third quarter. Meridian Financial Partners LLC now owns 15,155 shares of the information services provider’s stock valued at $2,513,000 after purchasing an additional 121 shares during the last quarter. Finally, IFG Advisors LLC raised its holdings in Alphabet by 3.6% during the third quarter. IFG Advisors LLC now owns 12,849 shares of the information services provider’s stock worth $2,131,000 after purchasing an additional 444 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,835 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the completion of the transaction, the chief accounting officer now directly owns 29,182 shares of the company’s stock, valued at $4,421,948.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated 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 owns 2,106,806 shares in the company, valued at approximately $350,361,837.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 2,835 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the sale, the chief accounting officer now owns 29,182 shares in the company, valued at $4,421,948.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 220,426 shares of company stock valued at $35,993,340. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Up 0.9 %

Shares of NASDAQ GOOGL opened at $166.72 on Tuesday. The stock has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. Alphabet Inc. has a 52 week low of $122.68 and a 52 week high of $191.75. The firm has a 50-day moving average price of $161.95 and a 200 day moving average price of $168.65. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GOOGL shares. DA Davidson assumed coverage on shares of Alphabet in a report on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 target price for the company. Roth Mkm reaffirmed a “buy” rating and set a $206.00 price objective on shares of Alphabet in a report on Thursday, August 29th. Cantor Fitzgerald reissued a “neutral” rating and issued a $190.00 target price on shares of Alphabet in a report on Monday, October 7th. The Goldman Sachs Group decreased their target price on Alphabet from $217.00 to $208.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Wolfe Research began coverage on Alphabet in a research report on Tuesday, July 16th. They set an “outperform” rating and a $240.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $201.76.

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.