Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Reyes Financial Architecture Inc.

Reyes Financial Architecture Inc. lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 56.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,590 shares of the information services provider's stock after selling 5,850 shares during the period. Alphabet makes up approximately 0.5% of Reyes Financial Architecture Inc.'s portfolio, making the stock its 25th largest position. Reyes Financial Architecture Inc.'s holdings in Alphabet were worth $710,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Perritt Capital Management Inc boosted its stake in shares of Alphabet by 10.4% during the 4th quarter. Perritt Capital Management Inc now owns 618 shares of the information services provider's stock worth $117,000 after purchasing an additional 58 shares during the last quarter. Nia Impact Advisors LLC boosted its stake in shares of Alphabet by 0.3% during the 4th quarter. Nia Impact Advisors LLC now owns 17,161 shares of the information services provider's stock worth $3,249,000 after purchasing an additional 59 shares during the last quarter. Hanlon Investment Management Inc. boosted its stake in shares of Alphabet by 1.7% during the 4th quarter. Hanlon Investment Management Inc. now owns 3,553 shares of the information services provider's stock worth $673,000 after purchasing an additional 60 shares during the last quarter. Enzi Wealth boosted its position in shares of Alphabet by 2.5% in the first quarter. Enzi Wealth now owns 2,561 shares of the information services provider's stock worth $408,000 after acquiring an additional 62 shares during the last quarter. Finally, Whipplewood Advisors LLC boosted its position in shares of Alphabet by 1.2% in the first quarter. Whipplewood Advisors LLC now owns 5,438 shares of the information services provider's stock worth $817,000 after acquiring an additional 67 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Up 1.0%

Shares of NASDAQ:GOOGL traded up $1.94 during midday trading on Thursday, reaching $192.17. The company had a trading volume of 74,740,490 shares, compared to its average volume of 39,272,972. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. The stock's fifty day moving average price is $175.23 and its 200-day moving average price is $173.10. The stock has a market capitalization of $2.33 trillion, a P/E ratio of 20.47, a PEG ratio of 1.33 and a beta of 1.00. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 31.12% and a return on equity of 35.22%. During the same quarter in the previous year, the firm earned $1.89 earnings per share. Equities research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several research analyst reports. Needham & Company LLC raised their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday. BMO Capital Markets raised their target price on shares of Alphabet from $208.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday. Rosenblatt Securities raised their target price on shares of Alphabet from $189.00 to $191.00 and gave the stock a "neutral" rating in a research report on Thursday. Wells Fargo & Company raised their target price on shares of Alphabet from $177.00 to $184.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Citigroup raised their target price on shares of Alphabet from $203.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $211.32.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 400 shares of Alphabet stock in a transaction on Monday, July 14th. The shares were sold at an average price of $181.98, for a total value of $72,792.00. Following the completion of the sale, the director owned 6,013 shares in the company, valued at approximately $1,094,245.74. The trade was a 6.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $184.38, for a total transaction of $5,992,350.00. Following the completion of the sale, the chief executive officer owned 2,527,392 shares of the company's stock, valued at approximately $466,000,536.96. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 249,409 shares of company stock worth $43,523,710. Insiders own 11.64% of the company's stock.

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.