LaFleur & Godfrey LLC Has $4.03 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Posted by Defense World Staff on Mar 22nd, 2023

LaFleur & Godfrey LLC grew its position in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,454 shares of the information services provider’s stock after purchasing an additional 1,050 shares during the period. LaFleur & Godfrey LLC’s holdings in Alphabet were worth $4,033,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GOOG. Vanguard Group Inc. increased its position in Alphabet by 1,885.5% in the 3rd quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock worth $40,593,957,000 after purchasing an additional 400,930,216 shares during the last quarter. BlackRock Inc. increased its position in Alphabet by 1,857.3% in the 3rd quarter. BlackRock Inc. now owns 364,589,580 shares of the information services provider’s stock worth $35,055,286,000 after purchasing an additional 345,962,033 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Alphabet by 1,770.6% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock worth $19,639,414,000 after purchasing an additional 192,607,045 shares during the last quarter. State Street Corp increased its position in Alphabet by 1,851.7% in the 3rd quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock worth $18,931,733,000 after purchasing an additional 186,809,281 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Alphabet by 1,862.3% during the 3rd quarter. Alliancebernstein L.P. now owns 63,184,850 shares of the information services provider’s stock worth $6,075,223,000 after acquiring an additional 59,964,963 shares in the last quarter. 28.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In related news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was acquired at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the acquisition, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the completion of the sale, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were acquired at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the acquisition, the insider now directly owns 1,709,527 shares in the company, valued at $50,072,045.83. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 74,245 shares of company stock valued at $7,174,078. Corporate insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Societe Generale decreased their price target on Alphabet from $147.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, November 30th. Jefferies Financial Group set a $125.00 price target on Alphabet in a research note on Friday, February 3rd. Cowen decreased their price target on Alphabet from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, January 11th. JPMorgan Chase & Co. set a $118.00 price target on Alphabet in a research note on Thursday, February 9th. Finally, Raymond James upped their price target on Alphabet from $116.00 to $119.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $135.11.

Alphabet Price Performance

Shares of GOOG stock opened at $105.84 on Wednesday. The stock has a 50 day moving average of $96.29 and a two-hundred day moving average of $96.56. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $144.16. The company has a market capitalization of $1.36 trillion, a P/E ratio of 23.26, a P/E/G ratio of 1.41 and a beta of 1.09.

Alphabet (NASDAQ:GOOG – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The firm had revenue of $76.05 billion during the quarter, compared to the consensus estimate of $76.49 billion. During the same quarter in the prior year, the business posted $1.53 EPS. Alphabet’s revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts expect that Alphabet Inc. will post 5.12 EPS for the current year.

Alphabet Company Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.