Catalyst Capital Advisors LLC Sells 103 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Catalyst Capital Advisors LLC lessened its position in Alphabet Inc. (NASDAQ:GOOGL) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,580 shares of the information services provider’s stock after selling 103 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Alphabet were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its stake in shares of Alphabet by 22.9% during the second quarter. Geneos Wealth Management Inc. now owns 42,283 shares of the information services provider’s stock worth $5,061,000 after acquiring an additional 7,880 shares in the last quarter. Copperwynd Financial LLC raised its position in Alphabet by 2.9% in the 2nd quarter. Copperwynd Financial LLC now owns 6,495 shares of the information services provider’s stock worth $777,000 after purchasing an additional 182 shares during the period. 9258 Wealth Management LLC lifted its stake in Alphabet by 3.7% in the second quarter. 9258 Wealth Management LLC now owns 19,594 shares of the information services provider’s stock worth $2,345,000 after purchasing an additional 698 shares during the last quarter. Thornburg Investment Management Inc. lifted its stake in Alphabet by 0.8% in the second quarter. Thornburg Investment Management Inc. now owns 561,250 shares of the information services provider’s stock worth $67,182,000 after purchasing an additional 4,434 shares during the last quarter. Finally, Aveo Capital Partners LLC grew its stake in shares of Alphabet by 13.7% during the second quarter. Aveo Capital Partners LLC now owns 12,287 shares of the information services provider’s stock valued at $1,471,000 after buying an additional 1,477 shares during the last quarter. Hedge funds and other institutional investors own 35.08% of the company’s stock.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 200 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $132.92, for a total transaction of $26,584.00. Following the sale, the director now directly owns 7,184 shares of the company’s stock, valued at $954,897.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, Director Kavitark Ram Shriram sold 75,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $131.09, for a total transaction of $9,831,750.00. Following the completion of the sale, the director now directly owns 104,364 shares in the company, valued at approximately $13,681,076.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $132.92, for a total transaction of $26,584.00. Following the sale, the director now directly owns 7,184 shares of the company’s stock, valued at $954,897.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 176,576 shares of company stock valued at $23,425,367. Corporate insiders own 0.88% of the company’s stock.

Alphabet Stock 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. Alphabet Inc. has a fifty-two week low of $84.86 and a fifty-two week high of $141.22. The firm has a 50-day simple moving average of $133.44 and a two-hundred day simple moving average of $127.65.

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

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of recent research reports. Susquehanna reissued a “positive” rating and issued a $150.00 target price on shares of Alphabet in a research note on Thursday, August 31st. Royal Bank of Canada reissued an “outperform” rating and set a $155.00 price objective on shares of Alphabet in a research note on Wednesday, October 25th. Piper Sandler lifted their target price on shares of Alphabet from $147.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 25th. Needham & Company LLC upped their price target on shares of Alphabet from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, KeyCorp cut their price target on shares of Alphabet from $155.00 to $153.00 and set an “overweight” rating on the stock in a report on Wednesday, October 25th. Five research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

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.