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Brinker Capital Investments LLC Decreases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Brinker Capital Investments LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,105 shares of the information services provider’s stock after selling 226 shares during the period. Brinker Capital Investments LLC’s holdings in Alphabet were worth $36,451,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GOOGL. Norges Bank bought a new position in Alphabet in the 4th quarter worth $14,477,662,000. Aaron Wealth Advisors LLC raised its stake in Alphabet by 699,790.2% in the first quarter. Aaron Wealth Advisors LLC now owns 4,703,262 shares of the information services provider’s stock worth $1,691,000 after buying an additional 4,702,590 shares in the last quarter. Verity Asset Management Inc. lifted its holdings in Alphabet by 536,206.4% in the first quarter. Verity Asset Management Inc. now owns 589,937 shares of the information services provider’s stock worth $39,000 after buying an additional 589,827 shares during the period. Fundsmith LLP bought a new stake in Alphabet during the 4th quarter valued at approximately $1,214,138,000. Finally, Vanguard Group Inc. boosted its position in Alphabet by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 23,304,411 shares of the information services provider’s stock valued at $64,817,723,000 after acquiring an additional 331,945 shares in the last quarter. 1.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of research analyst reports. Jefferies Financial Group lowered their target price on Alphabet from $155.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. BNP Paribas downgraded Alphabet from an “outperform” rating to a “neutral” rating and set a $118.00 price objective for the company. in a report on Wednesday, July 20th. Bank of America dropped their target price on shares of Alphabet from $132.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Piper Sandler decreased their price target on shares of Alphabet from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Finally, MKM Partners dropped their price objective on shares of Alphabet from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, July 18th. Five research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $147.41.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $110.65 on Monday. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.44 trillion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.79 and a beta of 1.09. The firm’s 50 day moving average price is $113.69 and its 200-day moving average price is $119.66. Alphabet Inc. has a twelve month low of $101.88 and a twelve month high of $151.55.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its earnings results on Tuesday, July 26th. The information services provider reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). The business had revenue of $57.47 billion for the quarter, compared to analysts’ expectations of $57.55 billion. Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same period in the prior year, the company posted $27.26 earnings per share. Equities research analysts expect that Alphabet Inc. will post 5.21 EPS for the current year.

Insider Buying and Selling

In other news, Director Ann Mather sold 300 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $108.94, for a total value of $32,682.00. Following the transaction, the director now owns 11,360 shares of the company’s stock, valued at $1,237,558.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, Director Ann Mather sold 300 shares of Alphabet stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $108.94, for a total transaction of $32,682.00. Following the transaction, the director now owns 11,360 shares of the company’s stock, valued at $1,237,558.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 75 shares of the stock in a transaction on Monday, July 11th. The stock was sold at an average price of $2,337.13, for a total transaction of $175,284.75. Following the completion of the sale, the director now directly owns 233 shares of the company’s stock, valued at $544,551.29. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,036 shares of company stock valued at $15,564,998. 11.44% of the stock is owned by company insiders.

Alphabet Company Profile

(Get Rating)

Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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