Libra Wealth LLC Decreases Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Libra Wealth LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 35.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,974 shares of the information services provider's stock after selling 2,221 shares during the quarter. Alphabet accounts for 0.3% of Libra Wealth LLC's portfolio, making the stock its 29th largest position. Libra Wealth LLC's holdings in Alphabet were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GOOG. M&G PLC purchased a new position in shares of Alphabet in the third quarter worth approximately $2,240,000. Coldstream Capital Management Inc. boosted its stake in shares of Alphabet by 14.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 116,776 shares of the information services provider's stock worth $19,642,000 after acquiring an additional 14,738 shares during the last quarter. Metis Global Partners LLC grew its position in shares of Alphabet by 1.4% during the 3rd quarter. Metis Global Partners LLC now owns 301,980 shares of the information services provider's stock valued at $50,488,000 after acquiring an additional 4,292 shares during the period. Requisite Capital Management LLC bought a new stake in shares of Alphabet during the 4th quarter valued at $927,000. Finally, Stevens Capital Management LP increased its stake in shares of Alphabet by 172.9% in the 3rd quarter. Stevens Capital Management LP now owns 91,237 shares of the information services provider's stock worth $15,254,000 after purchasing an additional 57,810 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

Alphabet Stock Up 1.5 %

Shares of GOOG opened at $205.60 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market capitalization of $2.52 trillion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $207.08. The business's 50 day simple moving average is $189.70 and its 200-day simple moving average is $175.54.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. During the same quarter in the prior year, the firm earned $1.55 earnings per share. Alphabet's revenue was up 15.1% on a year-over-year basis. As a group, equities analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O'toole sold 2,834 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the transaction, the chief accounting officer now owns 17,847 shares of the company's stock, valued at approximately $3,468,029.04. The trade was a 13.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the sale, the director now owns 282,832 shares in the company, valued at $52,329,576.64. The trade was a 11.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,630 shares of company stock worth $22,258,133 in the last three months. Insiders own 12.99% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on GOOG shares. UBS Group boosted their price target on Alphabet from $187.00 to $192.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Oppenheimer increased their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Thursday. Canaccord Genuity Group lifted their price target on shares of Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Finally, Wedbush restated an "outperform" rating and set a $220.00 target price on shares of Alphabet in a research note on Thursday. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average price target of $209.13.

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.

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