Alphabet Inc. $GOOGL Shares Sold by WoodTrust Financial Corp

WoodTrust Financial Corp reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,177 shares of the information services provider’s stock after selling 5,091 shares during the period. Alphabet accounts for about 2.5% of WoodTrust Financial Corp’s investment portfolio, making the stock its 12th largest position. WoodTrust Financial Corp’s holdings in Alphabet were worth $20,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the stock. Financial Gravity Companies Inc. purchased a new position in shares of Alphabet in the 2nd quarter worth $31,000. CarsonAllaria Wealth Management Ltd. lifted its stake in shares of Alphabet by 36.4% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 67 shares in the last quarter. Corsicana & Co. purchased a new stake in shares of Alphabet during the 3rd quarter worth about $54,000. Vermillion & White Wealth Management Group LLC increased its position in Alphabet by 37.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after purchasing an additional 89 shares in the last quarter. Finally, S&T Bank PA raised its holdings in Alphabet by 40.2% in the second quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock valued at $61,000 after buying an additional 99 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GOOGL. Argus upped their price target on shares of Alphabet from $330.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, January 5th. JMP Securities reiterated a “market outperform” rating and set a $290.00 price objective on shares of Alphabet in a research note on Wednesday, October 22nd. Moffett Nathanson upped their target price on shares of Alphabet from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Roth Mkm reissued a “buy” rating and issued a $365.00 price objective (up from $310.00) on shares of Alphabet in a research report on Tuesday. Finally, Piper Sandler restated an “overweight” rating and set a $365.00 price objective (up previously from $330.00) on shares of Alphabet in a research note on Thursday, December 11th. Four investment analysts have rated the stock with a Strong Buy rating, forty-two have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $334.60.

Alphabet Trading Up 0.7%

Alphabet stock opened at $338.25 on Friday. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $342.29. The firm’s 50-day moving average is $319.46 and its 200-day moving average is $263.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market cap of $4.08 trillion, a P/E ratio of 33.36, a PEG ratio of 1.85 and a beta of 1.08.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The firm had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. On average, equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $327.30, for a total value of $10,637,250.00. Following the sale, the chief executive officer directly owned 2,211,872 shares in the company, valued at approximately $723,945,705.60. This trade represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the transaction, the chief accounting officer owned 8,962 shares of the company’s stock, valued at $2,798,832.60. This represents a 23.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 222,297 shares of company stock valued at $68,531,851 over the last three months. 11.64% of the stock is currently owned by company insiders.

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.