Harel Insurance Investments & Financial Services Ltd. trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 7.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 22,621 shares of the information services provider’s stock after selling 1,823 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Alphabet were worth $62,917,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GOOGL. Morling Financial Advisors LLC purchased a new position in shares of Alphabet in the 4th quarter worth $29,000. West Bancorporation Inc. purchased a new position in shares of Alphabet in the 4th quarter worth $29,000. Wealthgate Family Office LLC purchased a new position in shares of Alphabet in the 4th quarter worth $32,000. NS Partners Ltd purchased a new position in shares of Alphabet in the 4th quarter worth $41,000. Finally, AHL Investment Management Inc. purchased a new position in shares of Alphabet in the 4th quarter worth $46,000. 41.70% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Up 1.8 %

NASDAQ:GOOGL opened at $116.32 on Friday. The company has a market cap of $1.53 trillion, a PE ratio of 21.04, a P/E/G ratio of 1.12 and a beta of 1.10. Alphabet Inc. has a twelve month low of $101.88 and a twelve month high of $151.55. The company has a current ratio of 2.87, a quick ratio of 2.85 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $154.46 and its two-hundred day moving average is $138.72.

Alphabet (NASDAQ:GOOGLGet Rating) last released its earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.11). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same quarter in the previous year, the company posted $27.26 EPS. Analysts anticipate that Alphabet Inc. will post 5.37 EPS for the current year.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 1,230 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $116.44, for a total transaction of $143,221.20. Following the sale, the director now owns 9,230 shares of the company’s stock, valued at approximately $1,074,741.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 42 shares of Alphabet stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $2,335.30, for a total transaction of $98,082.60. Following the completion of the sale, the chief accounting officer now directly owns 1,170 shares in the company, valued at approximately $2,732,301. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frances Arnold sold 1,230 shares of Alphabet stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $116.44, for a total transaction of $143,221.20. Following the sale, the director now owns 9,230 shares of the company’s stock, valued at $1,074,741.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,269 shares of company stock valued at $12,792,226. Insiders own 11.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GOOGL shares. Moffett Nathanson dropped their price objective on shares of Alphabet to $132.50 in a research note on Thursday, May 26th. Exane BNP Paribas lowered shares of Alphabet from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 20th. Guggenheim lowered their target price on shares of Alphabet to $130.00 and set an “outperform” rating for the company in a report on Wednesday. Rosenblatt Securities restated a “maintains” rating on shares of Alphabet in a report on Wednesday. Finally, William Blair restated an “outperform” rating on shares of Alphabet in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.29.

Alphabet Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLGet Rating).

Cap Expand Partners SECFilingChart Harel Insurance Investments & Financial Services Ltd. Cuts Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL) Family Offices AND investments



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