Alphabet Inc. $GOOGL Stock Position Reduced by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 7.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,758,556 shares of the information services provider’s stock after selling 141,859 shares during the quarter. Alphabet accounts for about 1.4% of Nisa Investment Advisors LLC’s holdings, making the stock its 9th biggest position. Nisa Investment Advisors LLC’s holdings in Alphabet were worth $309,910,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Guardian Wealth Management Inc. raised its holdings in shares of Alphabet by 242.9% during the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after acquiring an additional 119 shares in the last quarter. IMA Advisory Services Inc. acquired a new position in Alphabet in the 1st quarter worth about $28,000. von Borstel & Associates Inc. purchased a new stake in shares of Alphabet during the 1st quarter worth about $28,000. NBZ Investment Advisors LLC lifted its holdings in shares of Alphabet by 85.7% during the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after buying an additional 90 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. grew its stake in shares of Alphabet by 36.4% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $284.75 on Friday. The business has a 50 day moving average price of $249.91 and a 200 day moving average price of $203.28. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $291.59. The company has a market cap of $3.44 trillion, a price-to-earnings ratio of 28.08, a PEG ratio of 1.86 and a beta of 1.05. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The company had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GOOGL shares. Citic Securities raised their price objective on shares of Alphabet from $230.00 to $310.00 and gave the company a “buy” rating in a research report on Monday. BNP Paribas Exane raised their price target on shares of Alphabet from $247.00 to $281.00 and gave the company a “neutral” rating in a report on Monday. Canaccord Genuity Group lifted their price objective on shares of Alphabet from $270.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. China Renaissance upped their price objective on shares of Alphabet from $207.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Loop Capital increased their target price on shares of Alphabet from $190.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $304.10.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the transaction, the chief accounting officer owned 17,293 shares of the company’s stock, valued at approximately $4,236,785. This represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $229.73, for a total transaction of $7,466,225.00. Following the completion of the sale, the chief executive officer owned 2,429,892 shares of the company’s stock, valued at approximately $558,219,089.16. The trade was a 1.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 189,896 shares of company stock worth $44,892,175 in the last ninety days. 11.64% of the stock is currently owned by 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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.