Sax Wealth Advisors LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,980 shares of the information services provider’s stock after acquiring an additional 460 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Alphabet were worth $439,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of GOOGL. Willow Creek Wealth Management Inc. lifted its position in Alphabet by 1,926.9% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 18,546 shares of the information services provider’s stock worth $1,774,000 after buying an additional 17,631 shares during the last quarter. Bfsg LLC lifted its position in Alphabet by 160.5% in the 4th quarter. Bfsg LLC now owns 8,075 shares of the information services provider’s stock worth $712,000 after buying an additional 4,975 shares during the last quarter. Ibex Investors LLC bought a new stake in Alphabet in the 4th quarter worth approximately $2,617,000. Louisiana State Employees Retirement System bought a new stake in Alphabet in the 3rd quarter worth approximately $55,305,000. Finally, Griffin Asset Management Inc. lifted its position in Alphabet by 1,900.0% in the 3rd quarter. Griffin Asset Management Inc. now owns 52,240 shares of the information services provider’s stock worth $4,997,000 after buying an additional 49,628 shares during the last quarter. Institutional investors own 34.06% of the company’s stock.
Insiders Place Their Bets
In other news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the company’s stock in a transaction on Monday, March 13th. The shares were acquired at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the transaction, the insider now owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the company’s stock in a transaction on Monday, March 13th. The shares were acquired at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the transaction, the insider now owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 380 shares of Alphabet stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $90.05, for a total value of $34,219.00. Following the transaction, the director now directly owns 11,300 shares in the company, valued at $1,017,565. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,539 shares of company stock valued at $10,214,031. Insiders own 11.44% of the company’s stock.
Alphabet Trading Up 0.1 %
Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.06 by $0.11. The company had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $57.19 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. During the same period last year, the firm posted $1.23 earnings per share. On average, sell-side analysts predict that Alphabet Inc. will post 5.39 EPS for the current year.
Wall Street Analysts Forecast Growth
GOOGL has been the subject of a number of recent research reports. New Street Research assumed coverage on Alphabet in a research report on Wednesday, January 4th. They issued a “buy” rating and a $118.00 target price for the company. Oppenheimer boosted their price objective on Alphabet from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $130.00 price objective on shares of Alphabet in a research report on Friday, February 10th. Stifel Nicolaus started coverage on Alphabet in a research report on Monday, March 20th. They issued a “buy” rating and a $130.00 price objective for the company. Finally, Roth Capital reissued a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. Three investment 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.06.
About Alphabet
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.
Read More
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