BOK Financial Private Wealth Inc. Sells 6,962 Shares of Alphabet Inc. (NASDAQ:GOOGL)

BOK Financial Private Wealth Inc. trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 12.1% during the 2nd quarter, Holdings Channel reports. The firm owned 50,348 shares of the information services provider’s stock after selling 6,962 shares during the period. Alphabet comprises 0.5% of BOK Financial Private Wealth Inc.’s investment portfolio, making the stock its 28th biggest position. BOK Financial Private Wealth Inc.’s holdings in Alphabet were worth $6,027,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. 9258 Wealth Management LLC increased its holdings in Alphabet by 3.7% in the 2nd quarter. 9258 Wealth Management LLC now owns 19,594 shares of the information services provider’s stock valued at $2,345,000 after acquiring an additional 698 shares during the last quarter. Thornburg Investment Management Inc. increased its holdings in Alphabet by 0.8% in the 2nd quarter. Thornburg Investment Management Inc. now owns 561,250 shares of the information services provider’s stock valued at $67,182,000 after acquiring an additional 4,434 shares during the last quarter. Aveo Capital Partners LLC increased its holdings in Alphabet by 13.7% in the 2nd quarter. Aveo Capital Partners LLC now owns 12,287 shares of the information services provider’s stock valued at $1,471,000 after acquiring an additional 1,477 shares during the last quarter. Lwmg LLC increased its holdings in Alphabet by 11.9% in the 2nd quarter. Lwmg LLC now owns 4,685 shares of the information services provider’s stock valued at $561,000 after acquiring an additional 500 shares during the last quarter. Finally, Balboa Wealth Partners increased its holdings in Alphabet by 11.0% in the 2nd quarter. Balboa Wealth Partners now owns 13,901 shares of the information services provider’s stock valued at $1,664,000 after acquiring an additional 1,373 shares during the last quarter. 35.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GOOGL has been the subject of a number of recent research reports. KeyCorp dropped their price objective on shares of Alphabet from $155.00 to $153.00 and set an “overweight” rating for the company in a research note on Wednesday, October 25th. Wedbush reissued an “outperform” rating and issued a $160.00 price objective on shares of Alphabet in a research note on Wednesday, October 25th. Sanford C. Bernstein lifted their price objective on shares of Alphabet from $130.00 to $135.00 in a research note on Wednesday, July 26th. Needham & Company LLC lifted their price objective on shares of Alphabet from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Truist Financial lifted their price objective on shares of Alphabet from $122.00 to $160.00 in a research note on Wednesday, July 26th. Five equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Alphabet Trading Down 1.2 %

NASDAQ:GOOGL opened at $135.31 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.04. The firm has a market cap of $1.69 trillion, a P/E ratio of 25.97, a P/E/G ratio of 1.51 and a beta of 1.05. The firm has a 50-day simple moving average of $133.44 and a 200-day simple moving average of $127.65. Alphabet Inc. has a one year low of $84.86 and a one year high of $141.22.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 24th. The information services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.45 by $0.10. The firm had revenue of $64.05 billion during the quarter, compared to analyst estimates of $63.13 billion. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. Equities analysts anticipate that Alphabet Inc. will post 5.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $133.82, for a total transaction of $2,152,227.06. Following the transaction, the senior vice president now owns 75,621 shares in the company, valued at approximately $10,119,602.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $133.82, for a total transaction of $2,152,227.06. Following the transaction, the senior vice president now owns 75,621 shares in the company, valued at approximately $10,119,602.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 220 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $130.14, for a total transaction of $28,630.80. Following the transaction, the director now owns 4,818 shares in the company, valued at approximately $627,014.52. The disclosure for this sale can be found here. Insiders sold a total of 176,576 shares of company stock worth $23,425,367 in the last 90 days. 0.88% of the stock is owned by corporate insiders.

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