Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Total Clarity Wealth Management Inc.

Posted by Defense World Staff on May 2nd, 2023

Total Clarity Wealth Management Inc. decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,358 shares of the information services provider’s stock after selling 2,006 shares during the period. Alphabet makes up 1.0% of Total Clarity Wealth Management Inc.’s portfolio, making the stock its 19th biggest position. Total Clarity Wealth Management Inc.’s holdings in Alphabet were worth $1,884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GOOGL. Vanguard Group Inc. increased its stake in Alphabet by 1,919.4% during 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 buying an additional 453,413,389 shares during the period. State Street Corp increased its stake in Alphabet by 1,900.6% during the 3rd quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock valued at $20,770,809,000 after buying an additional 206,300,042 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Alphabet by 1,759.2% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock valued at $11,106,502,000 after buying an additional 109,870,525 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Alphabet by 1,955.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 61,134,061 shares of the information services provider’s stock valued at $5,847,474,000 after acquiring an additional 58,159,150 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Alphabet by 1,896.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 58,060,946 shares of the information services provider’s stock valued at $5,553,529,000 after purchasing an additional 55,153,448 shares in the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.

Alphabet Stock Down 0.1 %

GOOGL opened at $107.20 on Tuesday. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $122.85. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.34. The firm’s fifty day moving average price is $100.46 and its two-hundred day moving average price is $96.68. The company has a market capitalization of $1.37 trillion, a P/E ratio of 23.88, a P/E/G ratio of 1.39 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The firm had revenue of $69.79 billion for the quarter, compared to the consensus estimate of $57.19 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. On average, analysts anticipate that Alphabet Inc. will post 5.39 EPS for the current year.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now 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 the SEC website. In related news, Director Ann Mather sold 380 shares of Alphabet stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the transaction, the director now directly owns 11,300 shares of the company’s stock, valued at $1,017,565. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 637 shares of Alphabet stock in a transaction dated 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 transaction, 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. In the last quarter, insiders have sold 100,539 shares of company stock worth $10,209,164. Corporate insiders own 11.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GOOGL. Citigroup boosted their target price on shares of Alphabet from $120.00 to $130.00 in a report on Wednesday, April 26th. Royal Bank of Canada upped their price target on Alphabet from $130.00 to $132.00 in a report on Wednesday, April 26th. KeyCorp reduced their price objective on Alphabet from $118.00 to $117.00 and set an “overweight” rating for the company in a research note on Monday, January 30th. Robert W. Baird boosted their target price on Alphabet from $120.00 to $123.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Finally, Truist Financial increased their price target on Alphabet from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Three equities research analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.06.

Alphabet 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.