Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by 9258 Wealth Management LLC

Posted by Defense World Staff on Apr 30th, 2023

9258 Wealth Management LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,469 shares of the information services provider’s stock after acquiring an additional 2,032 shares during the period. 9258 Wealth Management LLC’s holdings in Alphabet were worth $1,718,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. VitalStone Financial LLC acquired a new position in shares of Alphabet during the fourth quarter worth $25,000. IAG Wealth Partners LLC grew its stake in shares of Alphabet by 3,275.0% during the third quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Artemis Wealth Advisors LLC grew its stake in shares of Alphabet by 1,900.0% during the third quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock worth $27,000 after purchasing an additional 266 shares in the last quarter. Laurel Wealth Planning LLC grew its stake in shares of Alphabet by 1,900.0% during the third quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock worth $29,000 after purchasing an additional 285 shares in the last quarter. Finally, Coston McIsaac & Partners grew its stake in shares of Alphabet by 1,900.0% during the third quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock worth $30,000 after purchasing an additional 304 shares in the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of analyst reports. Wolfe Research boosted their target price on shares of Alphabet from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wells Fargo & Company boosted their target price on shares of Alphabet from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Tigress Financial lowered their target price on shares of Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a research note on Friday, January 6th. Truist Financial boosted their target price on shares of Alphabet from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada boosted their price target on shares of Alphabet from $130.00 to $132.00 in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.06.

Insider Activity

In other news, Director Ann Mather sold 380 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $90.05, for a total transaction of $34,219.00. Following the completion of the sale, the director now owns 11,300 shares in the company, valued at approximately $1,017,565. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Ann Mather sold 380 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $90.05, for a total transaction of $34,219.00. Following the completion of the sale, the director now owns 11,300 shares in the company, valued at approximately $1,017,565. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Prabhakar Raghavan sold 32,379 shares of the stock in a transaction on Monday, April 3rd. The shares were 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 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 90 days, insiders sold 100,539 shares of company stock worth $10,209,164. Insiders own 11.44% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL stock opened at $107.34 on Friday. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $122.85. The firm has a market capitalization of $1.37 trillion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 1.39 and a beta of 1.10. The business has a 50 day simple moving average of $100.20 and a 200 day simple moving average of $96.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.34.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The business had revenue of $69.79 billion during the quarter, compared to analyst estimates of $57.19 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. During the same period in the prior year, the company posted $1.23 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 5.34 EPS for the current year.

Alphabet Company 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.