Moseley Investment Management Inc. Sells 1,335 Shares of Alphabet Inc. $GOOGL

Key Points

• Moseley Investment Management Inc. sold 1,335 shares of Alphabet Inc., reducing its stake by 2.9%, now holding 43,943 shares valued at approximately $7.74 million.
• Insiders at Alphabet, including Director Frances Arnold and CAO Amie Thuener O'toole, sold over 246,000 shares collectively worth more than $55 million in the last three months.
• Alphabet's stock is currently rated as a Moderate Buy by analysts, with price targets ranging from $172 to $295 after recent earnings results showed EPS of $2.31, exceeding expectations.

Moseley Investment Management Inc. trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,943 shares of the information services provider's stock after selling 1,335 shares during the period. Alphabet makes up approximately 2.7% of Moseley Investment Management Inc.'s investment portfolio, making the stock its 11th largest position. Moseley Investment Management Inc.'s holdings in Alphabet were worth $7,744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guardian Wealth Management Inc. grew its position in Alphabet by 242.9% in the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock valued at $26,000 after acquiring an additional 119 shares during the last quarter. IMA Advisory Services Inc. acquired a new stake in shares of Alphabet in the 1st quarter valued at approximately $28,000. von Borstel & Associates Inc. acquired a new stake in shares of Alphabet in the 1st quarter valued at approximately $28,000. NBZ Investment Advisors LLC grew its holdings in shares of Alphabet by 85.7% during the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider's stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. increased its position in Alphabet by 36.4% during the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider's stock worth $44,000 after purchasing an additional 67 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 103 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $243.13, for a total value of $25,042.39. Following the completion of the sale, the director owned 17,284 shares of the company's stock, valued at approximately $4,202,258.92. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O'toole sold 2,778 shares of the business's stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $250.05, for a total value of $694,638.90. Following the sale, the chief accounting officer owned 14,516 shares of the company's stock, valued at approximately $3,629,725.80. This represents a 16.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 246,150 shares of company stock worth $55,805,379 over the last three months. Insiders own 11.55% of the company's stock.

Alphabet Stock Up 0.7%

Shares of NASDAQ GOOGL opened at $253.30 on Monday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.06 trillion, a PE ratio of 26.98, a P/E/G ratio of 1.71 and a beta of 1.00. The company's fifty day simple moving average is $231.55 and its 200 day simple moving average is $192.14. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $256.96.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.16. The firm had revenue of $96.43 billion during 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%. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GOOGL. BNP Paribas Exane reissued a "neutral" rating and set a $172.00 price objective on shares of Alphabet in a report on Friday, June 27th. Roth Capital increased their target price on shares of Alphabet from $210.00 to $265.00 and gave the company a "buy" rating in a research report on Thursday. Loop Capital restated a "hold" rating and issued a $190.00 price target (up previously from $165.00) on shares of Alphabet in a research report on Tuesday, August 5th. Mizuho set a $295.00 price objective on shares of Alphabet and gave the stock an "outperform" rating in a research report on Monday, September 29th. Finally, Stifel Nicolaus lifted their target price on shares of Alphabet from $200.00 to $218.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. 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, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $252.24.

Alphabet Company 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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