Cooper Financial Group grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,747 shares of the information services provider’s stock after acquiring an additional 1,392 shares during the period. Cooper Financial Group’s holdings in Alphabet were worth $1,575,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. DC Investments Management LLC bought a new position in Alphabet during the first quarter worth $115,000. Guardian Wealth Management Inc. bought a new stake in Alphabet in the first quarter valued at $184,000. Turim 21 Investimentos Ltda. raised its holdings in shares of Alphabet by 10.8% during the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after purchasing an additional 8 shares during the period. qPULA Trading Management LP bought a new position in shares of Alphabet during the 1st quarter worth about $279,000. Finally, Global Assets Advisory LLC acquired a new stake in Alphabet in the second quarter valued at approximately $241,000. 28.69% of the stock is owned by institutional investors.
Insider Transactions at Alphabet
In other news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the stock in a transaction on Monday, March 13th. The shares were acquired at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the purchase, the insider now directly owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the stock in a transaction on Monday, March 13th. The shares were purchased at an average price of $29.29 per share, with a total value of $12,155,350.00. Following the acquisition, the insider now directly owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 22,203 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total value of $1,992,719.25. Following the transaction, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,245 shares of company stock valued at $7,174,078. 12.99% of the stock is currently owned by corporate insiders.
Alphabet Stock Down 1.5 %
Alphabet (NASDAQ:GOOG – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.09). Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The company had revenue of $76.05 billion during the quarter, compared to analysts’ expectations of $76.49 billion. During the same quarter last year, the firm posted $1.53 earnings per share. Alphabet’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts predict that Alphabet Inc. will post 5.12 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on GOOG shares. The Goldman Sachs Group set a $128.00 price target on shares of Alphabet in a research report on Friday, February 3rd. Oppenheimer boosted their target price on shares of Alphabet from $130.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Roth Capital restated a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. Credit Suisse Group set a $136.00 price target on Alphabet in a research note on Friday, February 3rd. Finally, Societe Generale lowered their price objective on Alphabet from $147.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, November 30th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $135.11.
Alphabet Profile
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.
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