SOL Capital Management CO Has $1.62 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

SOL Capital Management CO reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,603 shares of the information services provider’s stock after selling 187 shares during the quarter. SOL Capital Management CO’s holdings in Alphabet were worth $1,621,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GOOGL. Live Oak Investment Partners bought a new position in Alphabet in the fourth quarter valued at about $26,000. Sanctuary Wealth Management L.L.C. bought a new position in Alphabet in the fourth quarter valued at about $34,000. Turim 21 Investimentos Ltda. bought a new position in Alphabet in the third quarter valued at about $38,000. Meritage Group LP grew its position in Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 276 shares during the last quarter. Finally, Macroview Investment Management LLC grew its position in Alphabet by 165.8% in the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 199 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Down 1.8 %

NASDAQ GOOGL opened at $154.86 on Tuesday. The company has a market cap of $1.93 trillion, a price-to-earnings ratio of 26.70, a P/E/G ratio of 1.46 and a beta of 1.05. Alphabet Inc. has a 52 week low of $102.63 and a 52 week high of $160.22. The business has a 50 day moving average price of $145.55 and a 200-day moving average price of $140.02. 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 (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 660 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $142.14, for a total value of $3,198,150.00. Following the completion of the transaction, the chief executive officer now directly owns 2,400,191 shares in the company, valued at approximately $341,163,148.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 251,339 shares of company stock worth $36,033,907. 0.88% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on GOOGL. Rosenblatt Securities decreased their target price on Alphabet from $174.00 to $172.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. JMP Securities reiterated a “market outperform” rating and issued a $160.00 target price on shares of Alphabet in a research report on Wednesday, April 10th. Redburn Atlantic lifted their price target on Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. StockNews.com raised Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 20th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $155.00 price target on shares of Alphabet in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $155.61.

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.