Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Compass Wealth Management LLC

Compass Wealth Management LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,824 shares of the information services provider’s stock after selling 1,900 shares during the period. Alphabet makes up approximately 1.7% of Compass Wealth Management LLC’s investment portfolio, making the stock its 9th biggest position. Compass Wealth Management LLC’s holdings in Alphabet were worth $7,102,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GOOGL. DGS Capital Management LLC raised its position in shares of Alphabet by 32.6% in the 1st quarter. DGS Capital Management LLC now owns 14,379 shares of the information services provider’s stock valued at $2,170,000 after buying an additional 3,532 shares in the last quarter. Clarity Financial LLC raised its position in Alphabet by 4.8% during the first quarter. Clarity Financial LLC now owns 4,956 shares of the information services provider’s stock valued at $748,000 after purchasing an additional 227 shares in the last quarter. Ellis Investment Partners LLC lifted its stake in Alphabet by 8.6% during the first quarter. Ellis Investment Partners LLC now owns 28,548 shares of the information services provider’s stock worth $4,309,000 after purchasing an additional 2,258 shares during the last quarter. Affiance Financial LLC boosted its holdings in shares of Alphabet by 4.5% in the 1st quarter. Affiance Financial LLC now owns 9,350 shares of the information services provider’s stock valued at $1,411,000 after purchasing an additional 400 shares in the last quarter. Finally, S.A. Mason LLC increased its stake in shares of Alphabet by 1.5% in the 1st quarter. S.A. Mason LLC now owns 10,587 shares of the information services provider’s stock valued at $1,598,000 after purchasing an additional 155 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 1.6 %

Alphabet stock opened at $165.27 on Friday. The company has a market capitalization of $2.03 trillion, a PE ratio of 23.71, a PEG ratio of 1.27 and a beta of 1.04. Alphabet Inc. has a 12-month low of $120.21 and a 12-month high of $191.75. The firm’s fifty day moving average is $161.95 and its 200 day moving average is $168.51. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the transaction, the chief executive officer now owns 2,182,385 shares of the company’s stock, valued at $354,310,204.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the sale, the chief accounting officer now owns 31,334 shares in the company, valued at approximately $5,264,112. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the transaction, the chief executive officer now owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 220,426 shares of company stock valued at $35,993,340. Corporate insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on GOOGL shares. The Goldman Sachs Group reduced their price objective on Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Scotiabank upgraded shares of Alphabet to a “strong-buy” rating in a research note on Friday, October 11th. Royal Bank of Canada upped their price objective on shares of Alphabet from $200.00 to $204.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. DA Davidson began coverage on shares of Alphabet in a research note on Tuesday, September 10th. They set a “neutral” rating and a $170.00 target price on the stock. Finally, Jefferies Financial Group upped their price target on shares of Alphabet from $215.00 to $220.00 in a report on Tuesday, July 9th. Seven research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $201.76.

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