Strategic Advisors LLC Has $11.16 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Posted by Defense World Staff on Apr 5th, 2023

Strategic Advisors LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 126,528 shares of the information services provider’s stock after selling 5,187 shares during the quarter. Alphabet accounts for about 2.5% of Strategic Advisors LLC’s holdings, making the stock its 9th biggest position. Strategic Advisors LLC’s holdings in Alphabet were worth $11,164,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Truist Financial dropped their price target on Alphabet from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $132.00 target price on shares of Alphabet in a research report on Thursday, March 16th. BNP Paribas upgraded Alphabet from a “neutral” rating to an “outperform” rating and set a $123.00 target price on the stock in a report on Friday, March 17th. KeyCorp decreased their price target on shares of Alphabet from $118.00 to $117.00 and set an “overweight” rating for the company in a research note on Monday, January 30th. Finally, Wells Fargo & Company raised their price objective on shares of Alphabet from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Four analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $131.39.

Insiders Place Their Bets

In other Alphabet 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 stock was bought 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 $50,072,045.83. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were bought at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the purchase, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 32,379 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $103.46, for a total value of $3,349,931.34. Following the completion of the transaction, the senior vice president now owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The disclosure for this sale can be found here. Insiders sold 112,192 shares of company stock worth $11,373,417 over the last quarter. 11.44% of the stock is currently owned by company insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $104.72 on Wednesday. The firm has a market cap of $1.34 trillion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 1.43 and a beta of 1.10. The stock has a fifty day simple moving average of $97.57 and a two-hundred day simple moving average of $95.76. 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 1-year low of $83.34 and a 1-year high of $142.99.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted 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 return on equity of 23.54% and a net margin of 21.20%. The firm had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $63.15 billion. During the same quarter in the previous year, the company posted $1.53 EPS. Analysts anticipate that Alphabet Inc. will post 5.11 earnings per share 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.