Segall Bryant & Hamill LLC Sells 8,746 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Segall Bryant & Hamill LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,284 shares of the information services provider's stock after selling 8,746 shares during the quarter. Segall Bryant & Hamill LLC's holdings in Alphabet were worth $33,137,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Alphabet during the fourth quarter worth about $24,383,677,000. FMR LLC lifted its position in Alphabet by 9.8% in the fourth quarter. FMR LLC now owns 248,416,916 shares of the information services provider's stock worth $47,025,322,000 after purchasing an additional 22,100,902 shares during the period. GAMMA Investing LLC boosted its stake in Alphabet by 16,993.2% during the first quarter. GAMMA Investing LLC now owns 16,062,457 shares of the information services provider's stock worth $2,483,898,000 after buying an additional 15,968,487 shares in the last quarter. Northern Trust Corp increased its holdings in Alphabet by 17.0% in the 4th quarter. Northern Trust Corp now owns 69,616,854 shares of the information services provider's stock valued at $13,178,470,000 after buying an additional 10,135,430 shares during the period. Finally, Capital Research Global Investors boosted its position in shares of Alphabet by 16.2% during the 4th quarter. Capital Research Global Investors now owns 72,033,086 shares of the information services provider's stock valued at $13,635,878,000 after acquiring an additional 10,037,685 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GOOGL shares. Wedbush increased their price target on shares of Alphabet from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday. JMP Securities increased their target price on Alphabet from $220.00 to $225.00 and gave the stock a "market outperform" rating in a report on Thursday. Jefferies Financial Group decreased their price target on Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Citigroup increased their price objective on Alphabet from $203.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, BNP Paribas Exane restated a "neutral" rating and issued a $172.00 target price on shares of Alphabet in a research note on Friday, June 27th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $211.32.

Alphabet Trading Up 1.0%

NASDAQ GOOGL traded up $1.94 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. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The stock's 50 day moving average is $175.23 and its 200-day moving average is $173.10. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.33 trillion, a price-to-earnings ratio of 20.47, a PEG ratio of 1.33 and a beta of 1.00.

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

Insider Buying and Selling

In other news, Director Kavitark Ram Shriram sold 18,566 shares of Alphabet stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the transaction, the director owned 243,400 shares in the company, valued at $45,213,984. The trade was a 7.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the sale, the chief executive officer directly owned 2,559,892 shares of the company's stock, valued at approximately $456,991,919.84. The trade was a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,409 shares of company stock valued at $43,523,710. Corporate insiders own 11.64% of the company's stock.

About Alphabet

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.