Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by B & T Capital Management DBA Alpha Capital Management

B & T Capital Management DBA Alpha Capital Management cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 60,088 shares of the information services provider’s stock after selling 3,974 shares during the quarter. Alphabet accounts for 1.7% of B & T Capital Management DBA Alpha Capital Management’s portfolio, making the stock its 13th largest position. B & T Capital Management DBA Alpha Capital Management’s holdings in Alphabet were worth $8,394,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Invera Wealth Advisors LLC acquired a new position in shares of Alphabet in the 4th quarter worth $4,113,000. Cambridge Advisors Inc. boosted its position in shares of Alphabet by 2.0% in the fourth quarter. Cambridge Advisors Inc. now owns 9,923 shares of the information services provider’s stock worth $1,386,000 after buying an additional 190 shares during the period. ZRC Wealth Management LLC boosted its position in Alphabet by 109.7% during the fourth quarter. ZRC Wealth Management LLC now owns 28,939 shares of the information services provider’s stock valued at $3,787,000 after purchasing an additional 15,138 shares during the last quarter. Oak Ridge Investments LLC boosted its position in Alphabet by 1.1% during the fourth quarter. Oak Ridge Investments LLC now owns 121,963 shares of the information services provider’s stock valued at $17,037,000 after purchasing an additional 1,319 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC raised its holdings in Alphabet by 133.9% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 70,199 shares of the information services provider’s stock valued at $9,806,000 after buying an additional 40,183 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. BMO Capital Markets lifted their price objective on Alphabet from $170.00 to $178.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Wedbush lifted their price objective on Alphabet from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price objective on shares of Alphabet in a research note on Wednesday, January 31st. Truist Financial dropped their price objective on Alphabet from $160.00 to $158.00 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. Finally, KeyCorp lifted their price objective on Alphabet from $153.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.48.

Alphabet Stock Up 0.1 %

NASDAQ:GOOGL opened at $150.87 on Thursday. The stock’s fifty day moving average price is $143.33 and its two-hundred day moving average price is $138.03. Alphabet Inc. has a 52-week low of $99.74 and a 52-week high of $153.78. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market cap of $1.88 trillion, a price-to-earnings ratio of 26.01, a P/E/G ratio of 1.39 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data 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 firm had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter in the prior year, the business earned $1.05 EPS. On average, analysts anticipate that Alphabet Inc. will post 6.77 EPS for the current year.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 240 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $140.51, for a total value of $33,722.40. Following the completion of the sale, the director now owns 14,815 shares in the company, valued at approximately $2,081,655.65. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Amie Thuener O’toole sold 425 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $139.61, for a total value of $59,334.25. Following the completion of the sale, the chief accounting officer now owns 27,259 shares in the company, valued at approximately $3,805,628.99. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Frances Arnold sold 240 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $140.51, for a total transaction of $33,722.40. Following the completion of the sale, the director now owns 14,815 shares of the company’s stock, valued at approximately $2,081,655.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 251,378 shares of company stock worth $35,461,377. Insiders own 0.88% of the company’s stock.

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.