Alphabet Inc. (NASDAQ:GOOGL) Stake Trimmed by St. Johns Investment Management Company LLC

St. Johns Investment Management Company LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.5% during the fourth quarter, HoldingsChannel reports. The firm owned 28,503 shares of the information services provider’s stock after selling 425 shares during the period. Alphabet accounts for approximately 1.5% of St. Johns Investment Management Company LLC’s holdings, making the stock its 17th biggest position. St. Johns Investment Management Company LLC’s holdings in Alphabet were worth $2,515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GOOGL. Bornite Capital Management LP purchased a new position in Alphabet during the 1st quarter valued at about $16,688,000. Markel Corp grew its stake in Alphabet by 17.0% during the 1st quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock valued at $43,110,000 after acquiring an additional 2,250 shares in the last quarter. United Bank grew its stake in Alphabet by 5.9% during the 1st quarter. United Bank now owns 2,033 shares of the information services provider’s stock valued at $5,654,000 after acquiring an additional 113 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Alphabet by 23.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock valued at $900,929,000 after acquiring an additional 61,427 shares in the last quarter. Finally, Dakota Wealth Management grew its stake in Alphabet by 20.4% during the 1st quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock valued at $25,806,000 after acquiring an additional 1,570 shares in the last quarter. Hedge funds and other institutional investors own 34.06% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total value of $3,349,931.34. Following the transaction, the senior vice president now owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $125.00, for a total transaction of $100,000.00. Following the transaction, the director now owns 5,940 shares of the company’s stock, valued at $742,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Prabhakar Raghavan sold 32,379 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $103.46, for a total value of $3,349,931.34. Following the transaction, the senior vice president now directly owns 76,580 shares in the company, valued at approximately $7,922,966.80. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 732,217 shares of company stock valued at $21,135,371 and have sold 753,384 shares valued at $30,574,577. Insiders own 0.88% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $123.48 on Friday. The business’s fifty day moving average price is $108.64 and its two-hundred day moving average price is $99.13. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $126.43. The stock has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. The firm had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $57.19 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. During the same period in the prior year, the business posted $1.23 earnings per share. As a group, analysts predict that Alphabet Inc. will post 5.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Rosenblatt Securities lowered their target price on Alphabet from $130.00 to $128.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. Royal Bank of Canada lifted their price target on Alphabet from $130.00 to $132.00 in a report on Wednesday, April 26th. BNP Paribas upgraded Alphabet from a “neutral” rating to an “outperform” rating and set a $123.00 price target for the company in a report on Friday, March 17th. Evercore ISI lifted their price target on Alphabet from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Finally, Roth Capital reiterated a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. Four equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $130.56.

Alphabet Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.