Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Arjuna Capital

Posted by Defense World Staff on May 4th, 2023

Arjuna Capital boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 127,545 shares of the information services provider’s stock after buying an additional 3,427 shares during the period. Alphabet makes up about 5.2% of Arjuna Capital’s investment portfolio, making the stock its 3rd biggest position. Arjuna Capital’s holdings in Alphabet were worth $11,253,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. VitalStone Financial LLC acquired a new position in Alphabet in the fourth quarter valued at about $25,000. IAG Wealth Partners LLC raised its holdings in Alphabet by 3,275.0% in 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 during the period. Artemis Wealth Advisors LLC raised its holdings in Alphabet by 1,900.0% in 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 during the period. Laurel Wealth Planning LLC raised its holdings in Alphabet by 1,900.0% in 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 during the period. Finally, Coston McIsaac & Partners raised its holdings in Alphabet by 1,900.0% in 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 during the period. 34.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GOOGL shares. Sanford C. Bernstein cut their target price on shares of Alphabet from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, April 20th. MKM Partners raised their price target on Alphabet from $120.00 to $126.00 in a research report on Friday, February 3rd. BNP Paribas raised Alphabet from a “neutral” rating to an “outperform” rating and set a $123.00 price target on the stock in a research report on Friday, March 17th. Truist Financial raised their price target on Alphabet from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Finally, Raymond James raised their price objective on shares of Alphabet from $119.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Three equities research analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $130.06.

Insiders Place Their Bets

In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was bought at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the transaction, the insider now owns 1,709,527 shares in the company, valued at $50,072,045.83. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was acquired at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the purchase, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction that occurred 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 $7,922,966.80. The disclosure for this sale can be found here. Insiders have sold a total of 100,539 shares of company stock worth $10,214,031 in the last quarter. Corporate insiders own 11.44% of the company’s stock.

Alphabet Stock Up 0.1 %

Shares of GOOGL opened at $105.41 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.34 and a current ratio of 2.35. The firm’s 50-day simple moving average is $101.00 and its 200 day simple moving average is $96.80. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $122.85. The firm has a market cap of $1.35 trillion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 1.39 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, beating 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 company had revenue of $69.79 billion during the quarter, compared to analysts’ expectations of $57.19 billion. During the same quarter in the previous year, the business posted $1.23 earnings per share. On average, analysts forecast that Alphabet Inc. will post 5.39 earnings per share for the current year.

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.

Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Arjuna Capital

Wall Street Analysts Forecast Growth

Insiders Place Their Bets

Alphabet Stock Up 0.1 %

About Alphabet

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