Curated Wealth Partners LLC Purchases 2,471 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Posted by Defense World Staff on Apr 19th, 2023

Curated Wealth Partners LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 13.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,794 shares of the information services provider’s stock after purchasing an additional 2,471 shares during the quarter. Alphabet comprises about 0.4% of Curated Wealth Partners LLC’s investment portfolio, making the stock its 17th largest holding. Curated Wealth Partners LLC’s holdings in Alphabet were worth $1,835,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Willow Creek Wealth Management Inc. increased its holdings in shares of Alphabet by 1,926.9% in the third quarter. Willow Creek Wealth Management Inc. now owns 18,546 shares of the information services provider’s stock worth $1,774,000 after acquiring an additional 17,631 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Alphabet during the third quarter worth about $55,305,000. Griffin Asset Management Inc. boosted its position in Alphabet by 1,900.0% during the third quarter. Griffin Asset Management Inc. now owns 52,240 shares of the information services provider’s stock valued at $4,997,000 after purchasing an additional 49,628 shares during the last quarter. Bridgewater Advisors Inc. boosted its position in Alphabet by 3,005.0% during the third quarter. Bridgewater Advisors Inc. now owns 67,503 shares of the information services provider’s stock valued at $6,457,000 after purchasing an additional 65,329 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. boosted its position in Alphabet by 1,915.2% during the third quarter. Adell Harriman & Carpenter Inc. now owns 129,797 shares of the information services provider’s stock valued at $12,415,000 after purchasing an additional 123,356 shares during the last quarter. Institutional investors own 34.06% of the company’s stock.

Insider Transactions at Alphabet

In related news, Director Ann Mather sold 340 shares of the stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $96.92, for a total transaction of $32,952.80. Following the completion of the sale, the director now directly owns 11,300 shares of the company’s stock, valued at $1,095,196. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Ann Mather sold 340 shares of the firm’s stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $96.92, for a total value of $32,952.80. Following the completion of the transaction, the director now directly owns 11,300 shares of the company’s stock, valued at $1,095,196. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 11,313 shares of Alphabet stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following the sale, the insider now directly owns 41,970 shares of the company’s stock, valued at approximately $4,197,000. The disclosure for this sale can be found here. Insiders sold a total of 112,192 shares of company stock valued at $11,373,417 over the last ninety days. 11.44% of the stock is currently owned by insiders.

Alphabet Stock Down 1.4 %

GOOGL stock opened at $104.50 on Wednesday. The stock’s 50 day simple moving average is $98.70 and its 200 day simple moving average is $96.21. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $131.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38. The company has a market cap of $1.34 trillion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 1.51 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.09). The company had revenue of $76.05 billion during the quarter, compared to analysts’ expectations of $63.15 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. During the same period last year, the company earned $1.53 earnings per share. On average, research analysts expect that Alphabet Inc. will post 5.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Credit Suisse Group reduced their price target on Alphabet from $145.00 to $136.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Alphabet in a report on Friday, February 10th. Evercore ISI lowered their price target on Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, December 21st. Truist Financial reduced their price objective on Alphabet from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. Finally, Wells Fargo & Company boosted their price objective on Alphabet from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Four analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.17.

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.