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

Schrum Private Wealth Management LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 39.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,523 shares of the information services provider’s stock after selling 1,000 shares during the period. Schrum Private Wealth Management LLC’s holdings in Alphabet were worth $213,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GOOGL. RWQ Financial Management Services Inc. boosted its holdings in shares of Alphabet by 8.2% during the 4th quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock worth $8,591,000 after purchasing an additional 4,664 shares during the last quarter. Ballast Advisors LLC boosted its holdings in shares of Alphabet by 9.6% during the 3rd quarter. Ballast Advisors LLC now owns 15,747 shares of the information services provider’s stock worth $2,061,000 after purchasing an additional 1,385 shares during the last quarter. Quantum Financial Advisors LLC boosted its holdings in shares of Alphabet by 8.0% during the 3rd quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock worth $998,000 after purchasing an additional 564 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Alphabet by 2.4% during the 3rd quarter. Acadian Asset Management LLC now owns 4,416,533 shares of the information services provider’s stock worth $577,908,000 after purchasing an additional 104,366 shares during the last quarter. Finally, NatWest Group plc boosted its holdings in shares of Alphabet by 239.0% during the 4th quarter. NatWest Group plc now owns 100,793 shares of the information services provider’s stock worth $14,080,000 after purchasing an additional 71,057 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 230 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director John L. Hennessy sold 300 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total transaction of $41,853.00. Following the completion of the transaction, the director now directly owns 9,291 shares of the company’s stock, valued at $1,296,187.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Arnold sold 230 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 228,839 shares of company stock worth $32,835,757. Company insiders own 0.88% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $154.40 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. Alphabet Inc. has a 1 year low of $102.63 and a 1 year high of $160.22. The company has a market capitalization of $1.92 trillion, a PE ratio of 26.62, a P/E/G ratio of 1.46 and a beta of 1.05. The company has a fifty day moving average of $145.76 and a two-hundred day moving average of $140.19.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. As a group, analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group upped their price objective on Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a report on Tuesday. Truist Financial decreased their price objective on Alphabet from $160.00 to $158.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Mizuho upped their price objective on Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Barclays decreased their price objective on Alphabet from $180.00 to $173.00 and set an “overweight” rating on the stock in a report on Wednesday, January 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $155.00 price objective on shares of Alphabet in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $156.64.

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