BOK Financial Private Wealth Inc. Sells 1,931 Shares of Alphabet Inc. (NASDAQ:GOOGL)

BOK Financial Private Wealth Inc. lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,776 shares of the information services provider’s stock after selling 1,931 shares during the quarter. Alphabet comprises approximately 0.5% of BOK Financial Private Wealth Inc.’s holdings, making the stock its 27th largest position. BOK Financial Private Wealth Inc.’s holdings in Alphabet were worth $6,394,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Meritage Group LP boosted its stake in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after acquiring an additional 276 shares in the last quarter. Macroview Investment Management LLC boosted its stake in shares of Alphabet by 165.8% during the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after acquiring an additional 199 shares in the last quarter. Armor Investment Advisors LLC boosted its stake in shares of Alphabet by 31.0% during the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after acquiring an additional 80 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of Alphabet during the 4th quarter worth about $55,000. Finally, LFA Lugano Financial Advisors SA boosted its stake in Alphabet by 301.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock valued at $73,000 after purchasing an additional 392 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 1.4 %

Shares of GOOGL opened at $156.28 on Tuesday. The firm has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.42 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The business’s fifty day moving average price is $146.43 and its two-hundred day moving average price is $140.78. Alphabet Inc. has a 52 week low of $102.63 and a 52 week high of $160.22.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period last year, the company earned $1.05 EPS. On average, analysts predict that Alphabet Inc. will post 6.78 earnings per share for the current year.

Analysts Set New Price Targets

GOOGL has been the subject of several recent analyst reports. Citigroup restated a “buy” rating and set a $168.00 target price on shares of Alphabet in a research note on Wednesday, April 10th. Rosenblatt Securities decreased their target price on Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Barclays decreased their target price on Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. JMP Securities restated a “market outperform” rating and set a $160.00 target price on shares of Alphabet in a research note on Wednesday, April 10th. Finally, UBS Group upped their price target on Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Five investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $158.71.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now directly owns 27,920 shares in the company, valued at approximately $4,009,032.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the transaction, the director now directly owns 7,991 shares in the company, valued at approximately $1,275,043.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the transaction, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 251,339 shares of company stock worth $36,377,482. Insiders own 0.88% of the company’s stock.

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.