Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Dynamic Advisor Solutions LLC

Posted by Defense World Staff on Mar 23rd, 2023

Dynamic Advisor Solutions LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,767 shares of the information services provider’s stock after purchasing an additional 1,906 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Alphabet were worth $4,061,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. DC Investments Management LLC purchased a new stake in shares of Alphabet during the first quarter worth about $115,000. Guardian Wealth Management Inc. purchased a new stake in shares of Alphabet during the first quarter worth about $184,000. Turim 21 Investimentos Ltda. increased its stake 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 worth $229,000 after purchasing an additional 8 shares in the last quarter. qPULA Trading Management LP purchased a new stake in Alphabet during the 1st quarter valued at about $279,000. Finally, Global Assets Advisory LLC purchased a new stake in Alphabet during the 2nd quarter valued at about $241,000. Hedge funds and other institutional investors own 28.69% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, Director Kavitark Ram Shriram sold 37,500 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the sale, the director now directly owns 144,740 shares in the company, valued at approximately $14,474,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Alphabet news, Director Kavitark Ram Shriram sold 37,500 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $100.00, for a total value of $3,750,000.00. Following the sale, the director now directly owns 144,740 shares of the company’s stock, valued at approximately $14,474,000. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the company’s stock in a transaction on Monday, March 13th. The stock was purchased at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the transaction, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The disclosure for this purchase can be found here. Insiders have sold a total of 74,245 shares of company stock worth $7,174,078 in the last ninety days. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOG stock opened at $104.22 on Thursday. The firm has a market cap of $1.33 trillion, a P/E ratio of 22.90, a P/E/G ratio of 1.41 and a beta of 1.09. Alphabet Inc. has a one year low of $83.45 and a one year high of $144.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38. The firm’s 50 day moving average price is $96.53 and its 200-day moving average price is $96.61.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Sanford C. Bernstein set a $130.00 price objective on shares of Alphabet in a research note on Monday, February 6th. Bank of America upped their price objective on shares of Alphabet from $116.00 to $119.00 and gave the company a “buy” rating in a research note on Tuesday, January 31st. Royal Bank of Canada set a $130.00 price objective on shares of Alphabet in a research note on Friday, February 3rd. Raymond James upped their price objective on shares of Alphabet from $116.00 to $119.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Finally, The Goldman Sachs Group set a $128.00 price objective on shares of Alphabet in a research note on Friday, February 3rd. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $135.11.

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.