Blankinship & Foster LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,640 shares of the information services provider’s stock after purchasing an additional 320 shares during the quarter. Alphabet comprises about 0.4% of Blankinship & Foster LLC’s investment portfolio, making the stock its 28th largest position. Blankinship & Foster LLC’s holdings in Alphabet were worth $855,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. OLD Second National Bank of Aurora lifted its position in shares of Alphabet by 1,900.0% during the 3rd quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 247 shares during the period. Westchester Capital Management Inc. grew 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 acquiring an additional 247 shares during the period. Carolina Wealth Advisors LLC increased its stake in Alphabet by 1,900.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 285 shares in the last quarter. Saban Cheryl raised its holdings in Alphabet by 1,900.0% during the third 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 boosted its position in Alphabet by 2,150.0% during the third quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after purchasing an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 28.69% of the company’s stock.
Insider Transactions at Alphabet
In other Alphabet news, insider John Kent Walker sold 11,313 shares of Alphabet stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total transaction of $1,131,300.00. Following the transaction, the insider now directly owns 41,970 shares of the company’s stock, valued at $4,197,000. The sale was disclosed in a filing with the SEC, which is available at this link. In other Alphabet news, insider John Kent Walker sold 11,313 shares of the firm’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $100.00, for a total value of $1,131,300.00. Following the transaction, the insider now directly owns 41,970 shares of the company’s stock, valued at $4,197,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 32,379 shares of the company’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 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. In the last quarter, insiders sold 112,192 shares of company stock worth $11,373,417. 12.99% of the stock is currently owned by company insiders.
Alphabet Trading Up 2.8 %
Alphabet (NASDAQ:GOOG – 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). The firm had revenue of $76.05 billion for the quarter, compared to analysts’ expectations of $76.49 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. Alphabet’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $1.53 EPS. On average, equities research analysts expect that Alphabet Inc. will post 5.11 EPS for the current year.
Analyst Ratings Changes
GOOG has been the subject of several research reports. Cowen cut their price target on Alphabet from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, January 11th. Royal Bank of Canada set a $130.00 target price on shares of Alphabet in a research report on Friday, February 3rd. Bank of America increased their price target on shares of Alphabet from $116.00 to $119.00 and gave the company a “buy” rating in a research report on Tuesday, January 31st. Roth Capital restated a “buy” rating on shares of Alphabet in a research report on Friday, February 3rd. Finally, Piper Sandler lowered their target price on Alphabet from $122.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, February 3rd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $135.24.
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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