Leuthold Group LLC Sells 20,104 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Leuthold Group LLC has sold 20,104 shares of Alphabet Inc. (NASDAQ:GOOGL.) This was revealed in a Form 4 filing made with the Securities and Exchange Commission (SEC) on August 12, 2023.

The sale brings the total number of GOOGL shares owned by Leuthold Group LLC to 1,305,679 shares. The company previously owned 1,325,783 shares of the company. This sale represents a decrease of approximately 1.5% in the company's holdings of GOOGL shares.

The sale was made through multiple transactions on August 10, 2023, at an average price of $112.00 per share. The total proceeds from the sale were $2,251,448.

Leuthold Group LLC is an investment management company that manages a variety of equity and fixed income portfolios. The company has been investing in Alphabet Inc. since at least 2015.

Alphabet Inc. is the parent company of Google, YouTube, and other internet-related businesses. The company has been a major beneficiary of the growth of the internet economy and its stock price has risen significantly in recent years.

The sale of GOOGL shares by Leuthold Group LLC may be a sign that the company is taking a more cautious view of the stock market. The recent decline in the stock market may have led the company to reduce its exposure to the technology sector.

It is also possible that the company is simply rebalancing its portfolio and selling some of its GOOGL shares to raise cash for other investments. The company may also be selling its shares to reduce its exposure to a single stock.

The sale of GOOGL shares by Leuthold Group LLC is a significant event because the company is a major shareholder in the company. The sale may be a sign that the company is taking a more cautious view of the stock market or that it is simply rebalancing its portfolio.