Astoria Portfolio Advisors LLC. Sells 382 Shares of Alphabet Inc. $GOOGL

Astoria Portfolio Advisors LLC. cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,834 shares of the information services provider’s stock after selling 382 shares during the period. Alphabet makes up 1.0% of Astoria Portfolio Advisors LLC.’s investment portfolio, making the stock its 18th biggest holding. Astoria Portfolio Advisors LLC.’s holdings in Alphabet were worth $3,619,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Guardian Wealth Management Inc. lifted its position in Alphabet by 242.9% during the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after acquiring an additional 119 shares during the last quarter. von Borstel & Associates Inc. acquired a new position in Alphabet during the 1st quarter worth $28,000. IMA Advisory Services Inc. acquired a new position in Alphabet during the 1st quarter worth $28,000. NBZ Investment Advisors LLC lifted its position in Alphabet by 85.7% during the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock worth $30,000 after acquiring an additional 90 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new position in Alphabet during the 1st quarter worth $39,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Up 0.6%

NASDAQ GOOGL opened at $253.08 on Friday. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $257.33. The company has a market capitalization of $3.06 trillion, a price-to-earnings ratio of 26.95, a PEG ratio of 1.70 and a beta of 1.00. The stock’s 50 day moving average is $235.60 and its two-hundred day moving average is $194.45. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. Equities analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Moffett Nathanson boosted their target price on shares of Alphabet from $230.00 to $295.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Phillip Securities lowered shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, September 8th. Needham & Company LLC boosted their target price on shares of Alphabet from $220.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Roth Capital boosted their target price on shares of Alphabet from $210.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, Citigroup upped their price objective on shares of Alphabet from $225.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $259.12.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total value of $694,638.90. Following the sale, the chief accounting officer directly owned 14,516 shares in the company, valued at approximately $3,629,725.80. This represents a 16.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 103 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total value of $25,042.39. Following the completion of the sale, the director owned 17,284 shares in the company, valued at approximately $4,202,258.92. This represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 246,150 shares of company stock worth $55,805,379. Insiders own 11.64% of the company’s stock.

About Alphabet

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.