Leisure Capital Management Has $1.93 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Leisure Capital Management decreased its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,648 shares of the information services provider’s stock after selling 640 shares during the quarter. Alphabet accounts for about 1.1% of Leisure Capital Management’s portfolio, making the stock its 24th largest position. Leisure Capital Management’s holdings in Alphabet were worth $1,934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in GOOGL. DC Investments Management LLC bought a new stake in shares of Alphabet in the first quarter worth about $114,000. Bridgefront Capital LLC bought a new stake in shares of Alphabet in the first quarter worth about $225,000. Worth Asset Management LLC bought a new stake in shares of Alphabet in the first quarter worth about $206,000. Eudaimonia Advisors LLC increased its holdings in shares of Alphabet by 15.1% in the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after acquiring an additional 13 shares in the last quarter. Finally, Aspire Capital Advisors LLC bought a new stake in shares of Alphabet in the first quarter worth about $281,000. Institutional investors and hedge funds own 35.38% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $120.02 on Friday. The stock has a market cap of $1.52 trillion, a P/E ratio of 26.73, a PEG ratio of 1.59 and a beta of 1.06. The stock has a 50 day simple moving average of $122.00 and a 200 day simple moving average of $107.35. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $129.04.

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Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.11. The firm had revenue of $69.79 billion during the quarter, compared to analysts’ expectations of $57.19 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. During the same period in the previous year, the firm earned $1.23 EPS. Research analysts anticipate that Alphabet Inc. will post 5.39 earnings per share for the current year.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of Alphabet stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total value of $68,483.87. Following the completion of the transaction, the chief accounting officer now directly owns 25,937 shares of the company’s stock, valued at approximately $2,788,486.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total transaction of $68,483.87. Following the completion of the transaction, the chief accounting officer now owns 25,937 shares of the company’s stock, valued at approximately $2,788,486.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kavitark Ram Shriram sold 37,500 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $105.04, for a total value of $3,939,000.00. Following the transaction, the director now directly owns 107,240 shares of the company’s stock, valued at approximately $11,264,489.60. The disclosure for this sale can be found here. Insiders sold 841,688 shares of company stock valued at $29,376,932 in the last three months. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GOOGL. 888 restated a “downgrade” rating on shares of Alphabet in a report on Monday, June 26th. KeyCorp increased their price objective on Alphabet from $122.00 to $140.00 in a report on Tuesday, July 18th. Tigress Financial increased their price objective on Alphabet from $160.00 to $172.00 and gave the stock a “strong-buy” rating in a report on Friday, July 14th. Wolfe Research increased their price objective on Alphabet from $130.00 to $140.00 in a report on Monday, July 10th. Finally, Sanford C. Bernstein downgraded Alphabet from an “outperform” rating to a “market perform” rating and set a $125.00 price objective for the company. in a report on Tuesday, June 27th. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $132.21.

Alphabet Profile

(Free Report)

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.