apricus wealth LLC Has $614,000 Stake in Alphabet Inc. (NASDAQ:GOOGL)

apricus wealth LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 35.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,245 shares of the information services provider’s stock after selling 1,770 shares during the period. apricus wealth LLC’s holdings in Alphabet were worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Miramar Capital LLC boosted its position in Alphabet by 78.8% during the second quarter. Miramar Capital LLC now owns 43,854 shares of the information services provider’s stock worth $7,988,000 after purchasing an additional 19,332 shares during the period. Kendall Capital Management boosted its position in Alphabet by 5.6% during the second quarter. Kendall Capital Management now owns 15,770 shares of the information services provider’s stock worth $2,873,000 after purchasing an additional 830 shares during the period. Concorde Asset Management LLC boosted its position in Alphabet by 15.8% during the second quarter. Concorde Asset Management LLC now owns 2,266 shares of the information services provider’s stock worth $413,000 after purchasing an additional 310 shares during the period. Riverview Capital Advisers LLC boosted its position in Alphabet by 0.7% during the second quarter. Riverview Capital Advisers LLC now owns 21,140 shares of the information services provider’s stock worth $3,851,000 after purchasing an additional 150 shares during the period. Finally, Haverford Financial Services Inc. bought a new position in Alphabet during the second quarter worth $7,006,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Sanford C. Bernstein lifted their price objective on shares of Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. JMP Securities reissued a “market perform” rating on shares of Alphabet in a research report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $212.00 to $232.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Evercore ISI boosted their target price on shares of Alphabet from $200.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.82.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the sale, the chief executive officer now directly owns 2,084,306 shares of the company’s stock, valued at approximately $369,672,512.16. This represents a 1.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the sale, the chief accounting officer now directly owns 17,847 shares of the company’s stock, valued at $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 121,630 shares of company stock worth $22,258,133. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $200.87 on Friday. The company has a market capitalization of $2.46 trillion, a PE ratio of 26.64, a P/E/G ratio of 1.27 and a beta of 0.98. The company has a 50 day simple moving average of $187.53 and a two-hundred day simple moving average of $173.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $202.29.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period in the prior year, the business earned $1.55 EPS. Research analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current year.

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.