Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Linden Rose Investment LLC

Posted by Defense World Staff on Apr 7th, 2023

Linden Rose Investment LLC cut its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,176 shares of the information services provider’s stock after selling 7,149 shares during the quarter. Alphabet makes up 29.0% of Linden Rose Investment LLC’s investment portfolio, making the stock its 2nd biggest holding. Linden Rose Investment LLC’s holdings in Alphabet were worth $10,780,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GOOGL. IAG Wealth Partners LLC raised its stake in Alphabet by 3,275.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 262 shares during the last quarter. Artemis Wealth Advisors LLC raised its stake in Alphabet by 1,900.0% during the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 266 shares during the last quarter. Laurel Wealth Planning LLC raised its stake in Alphabet by 1,900.0% during the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 285 shares during the last quarter. Coston McIsaac & Partners raised its stake in Alphabet by 1,900.0% during the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 304 shares during the last quarter. Finally, Horizons Wealth Management purchased a new stake in Alphabet during the 2nd quarter valued at approximately $33,000. 34.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JMP Securities reissued a “market outperform” rating and set a $132.00 target price on shares of Alphabet in a research note on Thursday, March 16th. BNP Paribas raised Alphabet from a “neutral” rating to an “outperform” rating and set a $123.00 target price for the company in a research note on Friday, March 17th. Barclays raised their price objective on Alphabet from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. MKM Partners lifted their price objective on Alphabet from $120.00 to $126.00 in a report on Friday, February 3rd. Finally, Truist Financial reduced their price objective on Alphabet from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 3rd. Four research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.17.

Insider Buying and Selling at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the completion of the sale, the senior vice president now owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the transaction, the senior vice president now owns 76,580 shares in the company, valued at $7,922,966.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 29,006 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 24,277 shares in the company, valued at approximately $2,472,369.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,192 shares of company stock valued at $11,373,417. Company insiders own 11.44% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $108.42 on Friday. The business has a fifty day simple moving average of $97.98 and a 200-day simple moving average of $95.91. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $137.16. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.39 trillion, a P/E ratio of 23.82, a P/E/G ratio of 1.44 and a beta of 1.10.

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 (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 analysts’ expectations of $63.15 billion. During the same period last year, the firm posted $1.53 EPS. Equities research analysts forecast that Alphabet Inc. will post 5.11 EPS for the current year.

Alphabet 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.

Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Linden Rose Investment LLC

Wall Street Analysts Forecast Growth

Insider Buying and Selling at Alphabet

Alphabet Price Performance

Alphabet Profile

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