Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Hengehold Capital Management LLC

Posted by on Apr 1st, 2023

Hengehold Capital Management LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 48.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,872 shares of the information services provider’s stock after buying an additional 2,230 shares during the quarter. Hengehold Capital Management LLC’s holdings in Alphabet were worth $606,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. DC Investments Management LLC acquired a new stake in Alphabet during the 1st quarter valued at $114,000. Bridgefront Capital LLC acquired a new stake in shares of Alphabet during the first quarter worth $225,000. Worth Asset Management LLC acquired a new stake in shares of Alphabet during the first quarter worth $206,000. Eudaimonia Advisors LLC boosted its holdings in shares of Alphabet by 15.1% during the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after purchasing an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC acquired a new stake in shares of Alphabet during the first quarter worth $281,000. Institutional investors and hedge funds own 34.06% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $103.73 on Friday. The company’s 50 day moving average price is $97.34 and its two-hundred day moving average price is $95.86. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $143.79. The firm has a market cap of $1.33 trillion, a PE ratio of 22.79, a PEG ratio of 1.40 and a beta of 1.09. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). The firm had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $63.15 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. During the same period last year, the company posted $1.53 EPS. Equities research analysts predict that Alphabet Inc. will post 5.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GOOGL shares. Piper Sandler reduced their target price on Alphabet from $120.00 to $117.00 and set an “outperform” rating on the stock in a report on Friday. Truist Financial cut their price objective on Alphabet from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. MKM Partners lifted their target price on Alphabet from $120.00 to $126.00 in a research report on Friday, February 3rd. Wells Fargo & Company lifted their target price on Alphabet from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $115.00 target price on shares of Alphabet in a research report on Wednesday, March 8th. Four research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.39.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the transaction, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at approximately $2,289,870.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the transaction, the chief accounting officer now directly owns 25,122 shares in the company, valued at approximately $2,289,870.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 1,709,527 shares of the company’s stock, valued at $50,072,045.83. The disclosure for this purchase can be found here. Insiders sold a total of 102,871 shares of company stock valued at $10,094,138 in the last quarter. Insiders own 11.44% of the company’s stock.

About Alphabet

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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