Rational Advisors LLC Lowers Position in Alphabet Inc. (NASDAQ:GOOGL)

Rational Advisors LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 28,007 shares of the information services provider’s stock after selling 688 shares during the period. Rational Advisors LLC’s holdings in Alphabet were worth $3,352,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GOOGL. Live Oak Investment Partners purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $26,000. Armor Investment Advisors LLC purchased a new position in Alphabet during the second quarter valued at $28,000. CarsonAllaria Wealth Management Ltd. boosted its holdings in Alphabet by 136.7% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 284 shares of the information services provider’s stock worth $34,000 after acquiring an additional 164 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Alphabet in the fourth quarter worth $34,000. Finally, Turim 21 Investimentos Ltda. purchased a new stake in shares of Alphabet in the third quarter worth $38,000. Institutional investors own 35.08% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the topic of a number of analyst reports. Barclays dropped their price target on shares of Alphabet from $200.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th. Monness Crespi & Hardt cut shares of Alphabet from a “buy” rating to a “neutral” rating in a report on Wednesday, October 25th. JPMorgan Chase & Co. raised their price target on shares of Alphabet from $121.00 to $150.00 in a research report on Wednesday, July 26th. Wedbush reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of Alphabet in a research report on Wednesday, October 25th. Finally, Rosenblatt Securities lifted their target price on Alphabet from $163.00 to $174.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Five research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $132.92, for a total value of $26,584.00. Following the transaction, the director now directly owns 7,184 shares of the company’s stock, valued at approximately $954,897.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $132.92, for a total value of $26,584.00. Following the sale, the director now owns 7,184 shares in the company, valued at approximately $954,897.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 3,749 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $136.28, for a total transaction of $510,913.72. Following the transaction, the chief accounting officer now directly owns 25,568 shares of the company’s stock, valued at approximately $3,484,407.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 176,576 shares of company stock worth $23,425,367. 0.88% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $135.31 on Monday. The stock has a market cap of $1.69 trillion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 1.51 and a beta of 1.05. Alphabet Inc. has a 1 year low of $84.86 and a 1 year high of $141.22. The firm has a fifty day moving average price of $133.44 and a 200-day moving average price of $127.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.04 and a quick ratio of 2.01.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, October 24th. The information services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.10. The company had revenue of $64.05 billion during the quarter, compared to the consensus estimate 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 earnings per share for the current fiscal year.

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