SeaBridge Investment Advisors LLC Has $8.27 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

SeaBridge Investment Advisors LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,462 shares of the information services provider's stock after selling 7,894 shares during the period. Alphabet makes up approximately 1.8% of SeaBridge Investment Advisors LLC's portfolio, making the stock its 12th largest position. SeaBridge Investment Advisors LLC's holdings in Alphabet were worth $8,267,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Eagle Capital Management LLC increased its position in shares of Alphabet by 0.7% in the fourth quarter. Eagle Capital Management LLC now owns 50,132 shares of the information services provider's stock valued at $9,490,000 after buying an additional 371 shares in the last quarter. Brighton Jones LLC lifted its stake in Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock valued at $20,886,000 after buying an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock valued at $2,826,000 after buying an additional 506 shares during the last quarter. Highview Capital Management LLC DE increased its position 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 buying an additional 1,003 shares in the last quarter. Finally, Hudson Value Partners LLC increased its position 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 buying an additional 13,564 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the completion of the sale, the chief executive officer directly owned 2,559,892 shares of the company's stock, valued at $456,991,919.84. This trade represents a 1.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kavitark Ram Shriram sold 18,566 shares of the company's stock in a transaction dated 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 completion of the transaction, the director directly owned 243,400 shares in the company, valued at approximately $45,213,984. The trade was a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 249,409 shares of company stock valued at $43,523,710 over the last quarter. Insiders own 11.64% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. DA Davidson increased their price objective on Alphabet from $160.00 to $180.00 and gave the company a "neutral" rating in a research note on Thursday. Roth Capital raised their price objective on Alphabet from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday. Susquehanna upped their target price on Alphabet from $220.00 to $225.00 and gave the company a "positive" rating in a research note on Thursday. Citigroup upped their price objective on shares of Alphabet from $203.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday. Finally, KeyCorp upped their price target on shares of Alphabet from $215.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday. Ten investment 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's stock. According to data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $211.32.

Alphabet Stock Performance

Alphabet stock traded up $1.94 during mid-day trading on Thursday, hitting $192.17. 74,740,490 shares of the company's stock traded hands, compared to its average volume of 39,272,972. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The company has a market cap of $2.33 trillion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.33 and a beta of 1.00. The firm has a 50 day moving average price of $175.23 and a 200 day moving average price of $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.

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

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.