SBI Securities Co. Ltd. Reduces Holdings in Alphabet Inc. (NASDAQ:GOOGL)

SBI Securities Co. Ltd. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,323 shares of the information services provider's stock after selling 13,447 shares during the period. Alphabet accounts for about 1.5% of SBI Securities Co. Ltd.'s portfolio, making the stock its 13th biggest position. SBI Securities Co. Ltd.'s holdings in Alphabet were worth $45,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eagle Capital Management LLC increased its position in Alphabet by 0.7% in the fourth quarter. Eagle Capital Management LLC now owns 50,132 shares of the information services provider's stock worth $9,490,000 after buying an additional 371 shares during the last quarter. Brighton Jones LLC lifted its stake in Alphabet by 3.9% during the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after purchasing an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock worth $2,826,000 after purchasing an additional 506 shares during the last quarter. Highview Capital Management LLC DE lifted its stake in Alphabet by 3.6% during the fourth quarter. Highview Capital Management LLC DE now owns 29,100 shares of the information services provider's stock worth $5,509,000 after purchasing an additional 1,003 shares during the last quarter. Finally, Hudson Value Partners LLC lifted its stake in Alphabet by 22.7% during the fourth quarter. Hudson Value Partners LLC now owns 73,282 shares of the information services provider's stock worth $13,873,000 after purchasing an additional 13,564 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the company's 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 sale, the chief executive officer owned 2,527,392 shares of the company's stock, valued at approximately $466,000,536.96. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 18,566 shares of the company's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $3,448,820.16. Following the sale, the director directly owned 243,400 shares in the company, valued at $45,213,984. This represents a 7.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 249,409 shares of company stock worth $43,523,710. Insiders own 11.64% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GOOGL shares. Westpark Capital boosted their target price on Alphabet from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday. Guggenheim upped their target price on Alphabet from $190.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday. Sanford C. Bernstein upped their target price on Alphabet from $185.00 to $195.00 and gave the stock a "market perform" rating in a report on Tuesday. Citigroup upped their target price on Alphabet from $203.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Oppenheimer upped their target price on Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $210.79.

Alphabet Price Performance

GOOGL stock traded up $3.70 during trading on Thursday, hitting $193.93. The stock had a trading volume of 56,671,075 shares, compared to its average volume of 36,920,125. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05. The stock has a market capitalization of $2.35 trillion, a P/E ratio of 21.62, a PEG ratio of 1.34 and a beta of 1.00. The company's 50-day moving average price is $174.67 and its two-hundred day moving average price is $173.13.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The firm had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the previous year, the company earned $1.89 EPS. As a group, research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

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.