James Hambro & Partners LLP Sells 1,627 Shares of Alphabet Inc. (NASDAQ:GOOGL)

James Hambro & Partners LLP decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,859 shares of the information services provider’s stock after selling 1,627 shares during the period. Alphabet comprises 0.3% of James Hambro & Partners LLP’s portfolio, making the stock its 24th biggest position. James Hambro & Partners LLP’s holdings in Alphabet were worth $8,115,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GOOGL. LMR Partners LLP bought a new position in Alphabet during the third quarter worth about $32,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 166 shares during the period. Denver PWM LLC boosted its stake in Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after acquiring an additional 57 shares during the last quarter. Quarry LP acquired a new position in Alphabet during the second quarter valued at approximately $53,000. Finally, Teachers Insurance & Annuity Association of America bought a new stake in Alphabet in the third quarter valued at approximately $66,000. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the transaction, the chief accounting officer now owns 17,847 shares in the company, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the sale, the director now directly owns 282,832 shares of the company’s stock, valued at $52,329,576.64. This represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,189 shares of company stock valued at $22,182,696 over the last ninety days. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Up 1.6 %

GOOGL opened at $204.02 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The company’s 50-day moving average is $188.97 and its 200 day moving average is $174.08. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $205.48. The firm has a market capitalization of $2.50 trillion, a P/E ratio of 27.06, a PEG ratio of 1.26 and a beta of 0.98.

Analysts Set New Price Targets

GOOGL has been the subject of several recent analyst reports. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. China Renaissance upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. KeyCorp upped their price target on shares of Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Morgan Stanley raised their price objective on shares of Alphabet from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Nine investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $211.00.

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.