Invictus Private Wealth LLC Sells 2,299 Shares of Alphabet Inc. $GOOGL

Key Points

• Invictus Private Wealth LLC reduced its stake in Alphabet Inc. by 21.7% in Q2, selling 2,299 shares and now holding 8,317 shares valued at approximately $1.47 million.
• Alphabet's recent earnings report showed an EPS of $2.31 per share, outperforming analysts' expectations, with revenues of $96.43 billion for the quarter.
• The company has a current market cap of $3.10 trillion, with shares trading at around $256.55, reflecting a 1.3% increase in stock price.

Invictus Private Wealth LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 21.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,317 shares of the information services provider's stock after selling 2,299 shares during the quarter. Invictus Private Wealth LLC's holdings in Alphabet were worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in GOOGL. Nuveen LLC bought a new stake in shares of Alphabet in the 1st quarter worth approximately $4,317,606,000. Vanguard Group Inc. lifted its holdings in shares of Alphabet by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider's stock worth $78,839,544,000 after acquiring an additional 14,307,345 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Alphabet by 11.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 43,865,520 shares of the information services provider's stock worth $6,783,364,000 after acquiring an additional 4,473,901 shares during the last quarter. Amundi lifted its holdings in shares of Alphabet by 11.8% in the 1st quarter. Amundi now owns 33,403,871 shares of the information services provider's stock worth $5,034,992,000 after acquiring an additional 3,537,173 shares during the last quarter. Finally, Evergreen Quality Fund GP Ltd. lifted its holdings in shares of Alphabet by 178.3% in the 1st quarter. Evergreen Quality Fund GP Ltd. now owns 4,003,900 shares of the information services provider's stock worth $619,163,000 after acquiring an additional 2,565,400 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Up 1.3%

Shares of Alphabet stock opened at $256.55 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The company's fifty day simple moving average is $232.66 and its two-hundred day simple moving average is $192.92. The company has a market cap of $3.10 trillion, a P/E ratio of 27.32, a PEG ratio of 1.71 and a beta of 1.00. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $257.33.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.16. The business had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.60 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. Research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GOOGL. BNP Paribas lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Royal Bank Of Canada lifted their target price on shares of Alphabet from $220.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 3rd. CIBC lifted their target price on shares of Alphabet to $315.00 in a research note on Monday. Melius Research lifted their target price on shares of Alphabet from $220.00 to $255.00 in a research note on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $255.86.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total transaction of $8,129,875.00. Following the sale, the chief executive officer directly owned 2,369,619 shares of the company's stock, valued at approximately $592,760,192.85. This represents a 1.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $242.92, for a total transaction of $145,752.00. Following the completion of the transaction, the director directly owned 5,116 shares of the company's stock, valued at $1,242,778.72. This trade represents a 10.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 246,150 shares of company stock worth $55,805,379. 11.55% of the stock is owned by insiders.

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.

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