Curated Wealth Partners LLC Sells 694 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Curated Wealth Partners LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,431 shares of the information services provider’s stock after selling 694 shares during the quarter. Alphabet makes up about 0.3% of Curated Wealth Partners LLC’s portfolio, making the stock its 21st biggest position. Curated Wealth Partners LLC’s holdings in Alphabet were worth $1,727,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DC Investments Management LLC purchased a new stake in shares of Alphabet during the 1st quarter valued at $114,000. Bridgefront Capital LLC purchased a new stake in shares of Alphabet during the 1st quarter valued at $225,000. Worth Asset Management LLC purchased a new stake in shares of Alphabet during the 1st quarter valued at $206,000. Eudaimonia Advisors LLC lifted its holdings in shares of Alphabet by 15.1% during the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock valued at $275,000 after purchasing an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC purchased a new stake in shares of Alphabet during the 1st quarter valued at $281,000. Institutional investors own 35.08% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on GOOGL. Citigroup increased their price objective on Alphabet from $130.00 to $153.00 in a report on Wednesday, July 26th. The Goldman Sachs Group raised their target price on Alphabet from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, July 17th. Rosenblatt Securities raised their target price on Alphabet from $132.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. JPMorgan Chase & Co. raised their target price on Alphabet from $121.00 to $150.00 in a research note on Wednesday, July 26th. Finally, Sanford C. Bernstein raised their target price on Alphabet from $130.00 to $135.00 in a research note on Wednesday, July 26th. Four analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $143.89.

Alphabet Trading Up 0.6 %

GOOGL opened at $138.21 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.14. The company’s 50 day simple moving average is $129.60 and its two-hundred day simple moving average is $117.88. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $139.16. The firm has a market capitalization of $1.74 trillion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 1.59 and a beta of 1.06.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. The business had revenue of $74.60 billion for the quarter, compared to analyst estimates of $60.24 billion. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. During the same period last year, the company posted $1.21 EPS. Analysts expect that Alphabet Inc. will post 5.68 EPS for the current fiscal year.

Insider Activity

In other news, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the sale, the senior vice president now owns 127,028 shares of the company’s stock, valued at approximately $15,282,738.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $120.31, for a total value of $1,934,945.73. Following the sale, the senior vice president now owns 127,028 shares of the company’s stock, valued at $15,282,738.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 380 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $121.42, for a total value of $46,139.60. Following the completion of the sale, the director now directly owns 4,700 shares in the company, valued at approximately $570,674. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,092 shares of company stock valued at $12,221,941. 0.88% of the stock is currently owned by company insiders.

About Alphabet

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.