Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Decreased by Bourne Lent Asset Management Inc.

Bourne Lent Asset Management Inc. cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,295 shares of the information services provider’s stock after selling 342 shares during the quarter. Alphabet accounts for 7.1% of Bourne Lent Asset Management Inc.’s portfolio, making the stock its 6th biggest holding. Bourne Lent Asset Management Inc.’s holdings in Alphabet were worth $18,624,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Riverview Trust Co increased its stake in Alphabet by 3.2% in the first quarter. Riverview Trust Co now owns 7,758 shares of the information services provider’s stock valued at $1,171,000 after purchasing an additional 240 shares during the last quarter. Mechanics Bank Trust Department raised its stake in Alphabet by 1.9% during the first quarter. Mechanics Bank Trust Department now owns 133,661 shares of the information services provider’s stock valued at $20,173,000 after buying an additional 2,430 shares in the last quarter. West Coast Financial LLC raised its stake in Alphabet by 1.9% during the first quarter. West Coast Financial LLC now owns 134,101 shares of the information services provider’s stock valued at $20,240,000 after buying an additional 2,437 shares in the last quarter. Fermata Advisors LLC raised its stake in Alphabet by 36.8% during the first quarter. Fermata Advisors LLC now owns 5,809 shares of the information services provider’s stock valued at $877,000 after buying an additional 1,563 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its position in shares of Alphabet by 2.7% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 142,098 shares of the information services provider’s stock worth $21,447,000 after purchasing an additional 3,708 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28. Following the completion of the transaction, the chief accounting officer now directly owns 29,183 shares in the company, valued at approximately $4,927,257.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28. Following the transaction, the chief accounting officer now owns 29,183 shares in the company, valued at $4,927,257.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 21,467 shares of Alphabet stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total value of $3,442,233.45. Following the transaction, the insider now owns 39,334 shares in the company, valued at $6,307,206.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 220,426 shares of company stock worth $35,993,340. 11.55% of the stock is currently owned by company insiders.

Alphabet Price Performance

Shares of GOOGL stock opened at $162.72 on Friday. The stock has a 50-day moving average price of $161.87 and a 200 day moving average price of $168.40. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.01 trillion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a 12 month low of $120.21 and a 12 month high of $191.75.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.04. The company had revenue of $84.74 billion during the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period in the previous year, the company earned $1.44 EPS. Research analysts expect that Alphabet Inc. will post 7.64 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on GOOGL. BMO Capital Markets lowered their target price on Alphabet from $222.00 to $215.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. JMP Securities reissued a “market outperform” rating and set a $200.00 price objective on shares of Alphabet in a research note on Wednesday, September 25th. Piper Sandler reissued an “overweight” rating and set a $200.00 price objective on shares of Alphabet in a research note on Monday, September 30th. Cantor Fitzgerald restated a “neutral” rating and issued a $190.00 target price on shares of Alphabet in a report on Monday, October 7th. Finally, Loop Capital reiterated a “hold” rating and set a $170.00 price objective on shares of Alphabet in a report on Wednesday, July 3rd. Eight equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $201.76.

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.