First Affirmative Financial Network Has $438,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Posted by Defense World Staff on Apr 2nd, 2023

First Affirmative Financial Network decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 17.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,940 shares of the information services provider’s stock after selling 1,056 shares during the quarter. First Affirmative Financial Network’s holdings in Alphabet were worth $438,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GOOG. Walled Lake Planning & Wealth Management LLC increased its position in Alphabet by 1,900.0% during the 3rd quarter. Walled Lake Planning & Wealth Management LLC now owns 34,120 shares of the information services provider’s stock worth $3,281,000 after buying an additional 32,414 shares during the period. Grand Jean Capital Management Inc. increased its position in Alphabet by 1,926.2% during the 3rd quarter. Grand Jean Capital Management Inc. now owns 137,135 shares of the information services provider’s stock worth $13,186,000 after buying an additional 130,367 shares during the period. Connecticut Wealth Management LLC increased its position in Alphabet by 1,415.4% during the 3rd quarter. Connecticut Wealth Management LLC now owns 8,350 shares of the information services provider’s stock worth $803,000 after buying an additional 7,799 shares during the period. Matthew Goff Investment Advisor LLC increased its position in Alphabet by 4.2% during the 4th quarter. Matthew Goff Investment Advisor LLC now owns 7,380 shares of the information services provider’s stock worth $655,000 after buying an additional 300 shares during the period. Finally, Gould Capital LLC increased its position in Alphabet by 2,150.0% during the 3rd quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after buying an additional 301 shares during the period. Institutional investors and hedge funds own 28.69% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $104.00 on Friday. The business’s 50-day moving average price is $97.91 and its two-hundred day moving average price is $96.33. Alphabet Inc. has a 12-month low of $83.45 and a 12-month high of $144.16. The stock has a market cap of $1.33 trillion, a PE ratio of 22.85, a P/E/G ratio of 1.41 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:GOOG – Get Rating) last announced its quarterly earnings results 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 net margin of 21.20% and a return on equity of 23.54%. The firm had revenue of $76.05 billion for the quarter, compared to analyst estimates of $76.49 billion. During the same period in the previous year, the business posted $1.53 earnings per share. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, analysts expect that Alphabet Inc. will post 5.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

GOOG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. set a $118.00 price target on Alphabet in a research report on Thursday, February 9th. Roth Capital restated a “buy” rating on shares of Alphabet in a research report on Friday, February 3rd. Raymond James raised their price target on Alphabet from $116.00 to $119.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Oppenheimer raised their price target on Alphabet from $130.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Finally, Piper Sandler decreased their price target on Alphabet from $122.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, February 3rd. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.11.

Insider Activity

In other news, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were purchased at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the purchase, the insider now owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The shares were bought at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the purchase, the insider now directly owns 1,709,527 shares in the company, valued at $50,072,045.83. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 29,006 shares of Alphabet stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $101.84, for a total value of $2,953,971.04. Following the completion of the transaction, the insider now directly owns 24,277 shares in the company, valued at $2,472,369.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,871 shares of company stock valued at $10,094,138. 12.99% of the stock is currently owned by corporate insiders.

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.

First Affirmative Financial Network Has $438,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Alphabet Stock Performance

Analyst Ratings Changes

Insider Activity

About Alphabet

Further Reading

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