SeaCrest Wealth Management LLC Sells 363 Shares of Alphabet Inc. (NASDAQ:GOOG)

SeaCrest Wealth Management LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,976 shares of the information services provider’s stock after selling 363 shares during the quarter. Alphabet accounts for approximately 2.2% of SeaCrest Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding. SeaCrest Wealth Management LLC’s holdings in Alphabet were worth $20,728,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GOOG. Richardson Financial Services Inc. purchased a new position in Alphabet during the fourth quarter valued at approximately $34,000. Duncan Williams Asset Management LLC acquired a new position in shares of Alphabet in the 1st quarter valued at $289,000. Trust Co. of Toledo NA OH lifted its stake in shares of Alphabet by 2.8% in the 1st quarter. Trust Co. of Toledo NA OH now owns 38,318 shares of the information services provider’s stock valued at $5,834,000 after purchasing an additional 1,043 shares during the period. Advance Capital Management Inc. boosted its holdings in Alphabet by 58.7% during the first quarter. Advance Capital Management Inc. now owns 6,299 shares of the information services provider’s stock worth $959,000 after buying an additional 2,330 shares in the last quarter. Finally, Moody National Bank Trust Division grew its position in Alphabet by 1.0% during the first quarter. Moody National Bank Trust Division now owns 41,187 shares of the information services provider’s stock valued at $6,271,000 after buying an additional 395 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Pivotal Research began coverage on shares of Alphabet in a research report on Tuesday, October 1st. They issued a “buy” rating and a $215.00 price objective for the company. UBS Group lowered their price target on Alphabet from $204.00 to $187.00 and set a “neutral” rating on the stock in a research report on Monday, October 7th. Scotiabank initiated coverage on Alphabet in a research report on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 price objective for the company. Cantor Fitzgerald upgraded Alphabet to a “hold” rating in a research report on Thursday, September 5th. Finally, TD Cowen boosted their price target on shares of Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.90.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $166.08 on Wednesday. The firm has a 50-day simple moving average of $163.05 and a 200-day simple moving average of $169.57. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 25.60, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a 52 week low of $121.46 and a 52 week high of $193.31.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The company had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $84.22 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. Alphabet’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 EPS. On average, equities analysts predict that Alphabet Inc. will post 7.64 earnings per share for the current fiscal year.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the transaction, the chief executive officer now owns 2,182,385 shares of the company’s stock, valued at approximately $354,310,204.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the transaction, the chief executive officer now owns 2,182,385 shares in the company, valued at $354,310,204.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the transaction, the chief accounting officer now directly owns 31,334 shares in the company, valued at approximately $5,264,112. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,926 shares of company stock valued at $32,251,590. 12.99% of the stock is currently owned by insiders.

Alphabet 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.