Sage Investment Advisers LLC Sells 135 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Sage Investment Advisers LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,725 shares of the information services provider’s stock after selling 135 shares during the period. Sage Investment Advisers LLC’s holdings in Alphabet were worth $566,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Alphabet by 1,919.4% in the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after acquiring an additional 453,413,389 shares in the last quarter. State Street Corp boosted its holdings in shares of Alphabet by 1,900.6% in the 3rd quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after purchasing an additional 206,300,042 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in shares of Alphabet by 111,197.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock worth $15,036,178,000 after purchasing an additional 170,267,122 shares during the period. Geode Capital Management LLC increased its position in shares of Alphabet by 1.3% during the 1st quarter. Geode Capital Management LLC now owns 118,576,618 shares of the information services provider’s stock valued at $12,271,705,000 after purchasing an additional 1,499,107 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Alphabet by 1,759.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after buying an additional 109,870,525 shares during the last quarter. 35.08% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In other news, SVP Prabhakar Raghavan sold 16,083 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $133.82, for a total transaction of $2,152,227.06. Following the sale, the senior vice president now owns 75,621 shares in the company, valued at $10,119,602.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Prabhakar Raghavan sold 16,083 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $133.82, for a total value of $2,152,227.06. Following the transaction, the senior vice president now directly owns 75,621 shares of the company’s stock, valued at approximately $10,119,602.22. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $139.93, for a total value of $27,986.00. Following the sale, the director now directly owns 7,384 shares of the company’s stock, valued at approximately $1,033,243.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 176,576 shares of company stock worth $23,425,367. 0.88% of the stock is owned by insiders.

Alphabet Trading Up 0.7 %

NASDAQ:GOOGL opened at $136.25 on Tuesday. The stock has a market capitalization of $1.71 trillion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.51 and a beta of 1.05. Alphabet Inc. has a 52 week low of $84.86 and a 52 week high of $141.22. The company has a quick ratio of 2.01, a current ratio of 2.04 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $133.42 and a 200 day moving average of $127.88.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, October 24th. The information services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. The firm had revenue of $64.05 billion during the quarter, compared to analyst estimates of $63.13 billion. Alphabet had a return on equity of 25.24% and a net margin of 22.46%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 5.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

GOOGL has been the topic of a number of analyst reports. Piper Sandler boosted their price objective on shares of Alphabet from $147.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, October 25th. Evercore ISI increased their price objective on shares of Alphabet from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 26th. Barclays dropped their target price on Alphabet from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Wells Fargo & Company increased their price target on Alphabet from $126.00 to $129.00 and gave the stock an “equal weight” rating in a report on Thursday, November 16th. Finally, Jefferies Financial Group boosted their price objective on Alphabet from $150.00 to $165.00 in a report on Wednesday, July 26th. Five research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.