Sfmg LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 17.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,438 shares of the information services provider’s stock after buying an additional 9,721 shares during the period. Alphabet comprises 0.7% of Sfmg LLC’s portfolio, making the stock its 22nd largest position. Sfmg LLC’s holdings in Alphabet were worth $5,895,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. OLD Second National Bank of Aurora lifted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after purchasing an additional 247 shares during the last quarter. Westchester Capital Management Inc. lifted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock worth $25,000 after purchasing an additional 247 shares during the last quarter. Carolina Wealth Advisors LLC lifted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock worth $29,000 after purchasing an additional 285 shares during the last quarter. Saban Cheryl lifted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Saban Cheryl now owns 200 shares of the information services provider’s stock worth $29,000 after purchasing an additional 190 shares during the last quarter. Finally, Gould Capital LLC lifted its holdings in shares of Alphabet by 2,150.0% in the 3rd quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after purchasing an additional 301 shares during the last quarter. Institutional investors own 28.69% of the company’s stock.
Analyst Ratings Changes
GOOG has been the topic of several analyst reports. Piper Sandler lowered their target price on Alphabet from $122.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, February 3rd. Royal Bank of Canada set a $130.00 target price on Alphabet in a research report on Friday, February 3rd. Sanford C. Bernstein set a $130.00 target price on Alphabet in a research report on Monday, February 6th. Jefferies Financial Group set a $125.00 target price on Alphabet in a research report on Friday, February 3rd. Finally, UBS Group raised their target price on Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.24.
Alphabet Stock Performance
Alphabet (NASDAQ:GOOG – Get Rating) last issued 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 company had revenue of $76.05 billion during 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%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.53 earnings per share. As a group, sell-side analysts forecast that Alphabet Inc. will post 5.11 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were acquired at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the acquisition, the insider now directly owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was acquired 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 directly owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Prabhakar Raghavan sold 32,379 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now directly 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 have sold 112,192 shares of company stock worth $11,373,417 in the last three months. 12.99% of the stock is currently owned by insiders.
Alphabet Profile
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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