Alphabet Inc. (NASDAQ:GOOGL) is Dillon & Associates Inc.’s 5th Largest Position

Dillon & Associates Inc. lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 199,892 shares of the information services provider’s stock after selling 6,025 shares during the period. Alphabet comprises approximately 4.4% of Dillon & Associates Inc.’s holdings, making the stock its 5th biggest holding. Dillon & Associates Inc.’s holdings in Alphabet were worth $23,987,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 9258 Wealth Management LLC lifted its position in Alphabet by 3.7% during the 2nd quarter. 9258 Wealth Management LLC now owns 19,594 shares of the information services provider’s stock worth $2,345,000 after acquiring an additional 698 shares in the last quarter. Thornburg Investment Management Inc. grew its holdings in Alphabet by 0.8% during the 2nd quarter. Thornburg Investment Management Inc. now owns 561,250 shares of the information services provider’s stock valued at $67,182,000 after purchasing an additional 4,434 shares in the last quarter. Aveo Capital Partners LLC grew its holdings in Alphabet by 13.7% during the 2nd quarter. Aveo Capital Partners LLC now owns 12,287 shares of the information services provider’s stock valued at $1,471,000 after purchasing an additional 1,477 shares in the last quarter. Lwmg LLC increased its stake in Alphabet by 11.9% during the 2nd quarter. Lwmg LLC now owns 4,685 shares of the information services provider’s stock worth $561,000 after buying an additional 500 shares during the period. Finally, Balboa Wealth Partners lifted its holdings in Alphabet by 11.0% in the 2nd quarter. Balboa Wealth Partners now owns 13,901 shares of the information services provider’s stock worth $1,664,000 after buying an additional 1,373 shares in the last quarter. Institutional investors and hedge funds own 35.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GOOGL shares. Needham & Company LLC lifted their target price on Alphabet from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Roth Mkm raised their price objective on shares of Alphabet from $146.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Wedbush restated an “outperform” rating and issued a $160.00 target price on shares of Alphabet in a research note on Wednesday, October 25th. Truist Financial lifted their price target on Alphabet from $122.00 to $160.00 in a research note on Wednesday, July 26th. Finally, KeyCorp cut their price objective on Alphabet from $155.00 to $153.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th. Five research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $147.00.

Alphabet Trading Down 1.2 %

Alphabet stock opened at $135.31 on Monday. The firm has a market cap of $1.69 trillion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 1.51 and a beta of 1.05. Alphabet Inc. has a 1 year low of $84.86 and a 1 year high of $141.22. The firm’s 50 day moving average price is $133.44 and its two-hundred day moving average price is $127.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.04.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, October 24th. The information services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. Alphabet had a return on equity of 25.24% and a net margin of 22.46%. The business had revenue of $64.05 billion for the quarter, compared to analysts’ expectations of $63.13 billion. On average, research analysts predict that Alphabet Inc. will post 5.74 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Kavitark Ram Shriram sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $131.09, for a total value of $9,831,750.00. Following the completion of the sale, the director now owns 104,364 shares in the company, valued at approximately $13,681,076.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Kavitark Ram Shriram sold 75,000 shares of Alphabet stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $131.09, for a total transaction of $9,831,750.00. Following the transaction, the director now owns 104,364 shares in the company, valued at $13,681,076.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 220 shares of the stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $130.14, for a total value of $28,630.80. Following the completion of the sale, the director now directly owns 4,818 shares of the company’s stock, valued at $627,014.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 176,576 shares of company stock worth $23,425,367. Company insiders own 0.88% of the company’s stock.

Alphabet Company 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.