Signaturefd LLC Sells 1,689 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Signaturefd LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 215,077 shares of the information services provider's stock after selling 1,689 shares during the period. Alphabet accounts for about 0.6% of Signaturefd LLC's investment portfolio, making the stock its 27th biggest holding. Signaturefd LLC's holdings in Alphabet were worth $33,260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Slow Capital Inc. raised its holdings in shares of Alphabet by 32.5% in the 1st quarter. Slow Capital Inc. now owns 115,269 shares of the information services provider's stock worth $17,825,000 after purchasing an additional 28,246 shares in the last quarter. Private Capital Advisors Inc. lifted its holdings in shares of Alphabet by 3.2% during the first quarter. Private Capital Advisors Inc. now owns 199,242 shares of the information services provider's stock valued at $30,811,000 after purchasing an additional 6,124 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of Alphabet by 3.2% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 30,472 shares of the information services provider's stock valued at $4,712,000 after purchasing an additional 936 shares during the period. Turtle Creek Wealth Advisors LLC increased its stake in Alphabet by 124.8% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 55,118 shares of the information services provider's stock worth $8,523,000 after purchasing an additional 30,603 shares in the last quarter. Finally, Florida Financial Advisors LLC lifted its stake in Alphabet by 0.4% during the first quarter. Florida Financial Advisors LLC now owns 16,311 shares of the information services provider's stock valued at $2,523,000 after buying an additional 67 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In related 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of the firm'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 transaction, the director owned 243,400 shares of the company's stock, valued at $45,213,984. This trade represents a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 249,409 shares of company stock valued at $43,523,710. Insiders own 11.64% of the company's stock.

Alphabet Stock Performance

GOOGL stock traded up $3.67 during midday trading on Thursday, reaching $193.90. 56,671,075 shares of the company were exchanged, compared to its average volume of 36,920,125. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The firm has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 1.34 and a beta of 1.00. The business has a 50-day moving average price of $174.67 and a two-hundred day moving average price of $173.13. 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 (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.79. The business had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. During the same period last year, the firm posted $1.89 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of Alphabet from $177.00 to $184.00 and gave the company an "equal weight" rating in a research note on Thursday. JMP Securities boosted their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock a "market outperform" rating in a research report on Thursday. DA Davidson raised their price target on shares of Alphabet from $160.00 to $180.00 and gave the company a "neutral" rating in a report on Thursday. Citizens Jmp raised shares of Alphabet from a "market perform" rating to an "outperform" rating and set a $220.00 target price on the stock in a research report on Friday, June 27th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of Alphabet in a research report on Wednesday, April 23rd. Ten 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $210.79.

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.