HWG Holdings LP Has $1.13 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Posted by Defense World Staff on Apr 22nd, 2023

HWG Holdings LP lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,746 shares of the information services provider’s stock after buying an additional 1,478 shares during the period. Alphabet comprises 0.7% of HWG Holdings LP’s holdings, making the stock its 20th largest position. HWG Holdings LP’s holdings in Alphabet were worth $1,125,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GOOGL. Vanguard Group Inc. raised its holdings in Alphabet by 1,919.4% in the 3rd quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock valued at $45,628,484,000 after acquiring an additional 453,413,389 shares during the period. State Street Corp increased its holdings in shares of Alphabet by 1,900.6% during the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after purchasing an additional 206,300,042 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Alphabet by 1,759.2% during the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after purchasing an additional 109,870,525 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Alphabet by 1,955.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 61,134,061 shares of the information services provider’s stock worth $5,847,474,000 after purchasing an additional 58,159,150 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Alphabet by 1,896.9% during the third quarter. Bank of New York Mellon Corp now owns 58,060,946 shares of the information services provider’s stock worth $5,553,529,000 after purchasing an additional 55,153,448 shares during the period. 34.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Barclays raised their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Roth Capital restated a “buy” rating on shares of Alphabet in a research report on Friday, February 3rd. KeyCorp cut their price target on shares of Alphabet from $118.00 to $117.00 and set an “overweight” rating on the stock in a report on Monday, January 30th. Truist Financial cut their price target on shares of Alphabet from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. Finally, Tigress Financial cut their price target on shares of Alphabet from $186.00 to $160.00 and set a “strong-buy” rating on the stock in a report on Friday, January 6th. Four investment analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $131.30.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 637 shares of the company’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $99.87, for a total transaction of $63,617.19. Following the sale, the chief accounting officer now directly owns 25,282 shares in the company, valued at approximately $2,524,913.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Prabhakar Raghavan sold 32,379 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $99.87, for a total value of $63,617.19. Following the completion of the sale, the chief accounting officer now directly owns 25,282 shares of the company’s stock, valued at $2,524,913.34. The disclosure for this sale can be found here. Insiders sold 112,192 shares of company stock valued at $11,373,417 in the last three months. Corporate insiders own 11.44% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $105.41 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $125.40. The company has a market capitalization of $1.35 trillion, a P/E ratio of 23.16, a P/E/G ratio of 1.45 and a beta of 1.10. The firm’s 50 day simple moving average is $98.94 and its two-hundred day simple moving average is $96.39.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued 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). The firm had revenue of $76.05 billion for the quarter, compared to analysts’ expectations of $63.15 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. During the same period in the prior year, the firm earned $1.53 EPS. Research analysts expect that Alphabet Inc. will post 5.11 EPS for the current fiscal year.

Alphabet Company Profile

(Get Rating)

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.