ORG Partners LLC Has $1.50 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

ORG Partners LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 29.4% during the third quarter, HoldingsChannel.com reports. The fund owned 9,018 shares of the information services provider’s stock after selling 3,756 shares during the period. ORG Partners LLC’s holdings in Alphabet were worth $1,496,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Granite Harbor Advisors Inc. raised its position in shares of Alphabet by 8.5% in the 3rd quarter. Granite Harbor Advisors Inc. now owns 29,196 shares of the information services provider’s stock valued at $4,842,000 after acquiring an additional 2,277 shares during the period. Elk River Wealth Management LLC raised its position in shares of Alphabet by 0.6% in the 3rd quarter. Elk River Wealth Management LLC now owns 98,689 shares of the information services provider’s stock valued at $16,368,000 after acquiring an additional 614 shares during the period. Empirical Asset Management LLC raised its position in shares of Alphabet by 0.4% in the 3rd quarter. Empirical Asset Management LLC now owns 47,453 shares of the information services provider’s stock valued at $7,870,000 after acquiring an additional 182 shares during the period. Affinity Wealth Management LLC increased its stake in Alphabet by 0.7% during the 3rd quarter. Affinity Wealth Management LLC now owns 46,860 shares of the information services provider’s stock worth $7,772,000 after purchasing an additional 333 shares in the last quarter. Finally, Sapient Capital LLC increased its stake in Alphabet by 1.4% during the 3rd quarter. Sapient Capital LLC now owns 857,079 shares of the information services provider’s stock worth $142,147,000 after purchasing an additional 11,936 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on GOOGL shares. Scotiabank upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, October 11th. UBS Group raised their target price on shares of Alphabet from $200.00 to $204.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Mizuho raised their target price on shares of Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Alphabet in a report on Tuesday, October 15th. Finally, Tigress Financial raised their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 26th. Eight investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $201.76.

Insiders Place Their Bets

In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the transaction, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at $50,765,346. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 shares were sold at an average price of $168.84, for a total value of $230,804.28. Following the completion of the sale, the chief accounting officer now owns 29,183 shares of the company’s stock, valued at approximately $4,927,257.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Prabhakar Raghavan sold 34,257 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the sale, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at approximately $50,765,346. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 220,426 shares of company stock valued at $35,993,340 over the last ninety days. 11.55% of the stock is currently owned by company insiders.

Alphabet Trading Up 0.7 %

GOOGL stock opened at $165.14 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The company has a fifty day moving average price of $161.82 and a two-hundred day moving average price of $168.44. Alphabet Inc. has a one year low of $120.21 and a one year high of $191.75. The stock has a market cap of $2.04 trillion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04.

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

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