Integris Wealth Management LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,811 shares of the information services provider’s stock, valued at approximately $248,000.
Several other large investors have also modified their holdings of the business. DC Investments Management LLC bought a new position in shares of Alphabet during the 1st quarter worth approximately $114,000. Bridgefront Capital LLC bought a new position in shares of Alphabet during the 1st quarter worth approximately $225,000. Worth Asset Management LLC bought a new position in shares of Alphabet during the 1st quarter worth approximately $206,000. Eudaimonia Advisors LLC raised its stake in shares of Alphabet by 15.1% during the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after acquiring an additional 13 shares in the last quarter. Finally, Aspire Capital Advisors LLC bought a new position in shares of Alphabet during the 1st quarter worth approximately $281,000. Institutional investors own 34.06% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently commented on GOOGL. StockNews.com upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. Rosenblatt Securities reduced their price objective on shares of Alphabet from $130.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. BNP Paribas upgraded shares of Alphabet from a “neutral” rating to an “outperform” rating and set a $123.00 price objective for the company in a research note on Friday, March 17th. Wolfe Research upped their price target on shares of Alphabet from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Finally, MKM Partners upped their price target on shares of Alphabet from $120.00 to $126.00 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 given a strong buy rating to the company’s stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.06.
Alphabet Stock Performance
Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.11. The business had revenue of $69.79 billion for the quarter, compared to the consensus estimate of $57.19 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. During the same period last year, the firm posted $1.23 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 5.39 earnings per share for the current fiscal year.
Insider Buying and Selling at Alphabet
In other Alphabet news, 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 transaction of $3,349,931.34. Following the transaction, the senior vice president now directly owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Prabhakar Raghavan sold 32,379 shares of the stock in a transaction dated 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 directly owns 76,580 shares in the company, valued at $7,922,966.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ann Mather sold 380 shares of the stock in a transaction dated Monday, February 27th. The shares were 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 of the company’s stock, valued at $1,017,565. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 732,217 shares of company stock valued at $21,135,371 and have sold 138,039 shares valued at $14,153,031. Insiders own 11.44% of the company’s stock.
Alphabet Company Profile
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Alphabet (GOOGL)
- How to Buy Southwest Airlines Stock
- Lucid Group Bottomed, But The Outlook Remains Cloudy
- Shoals Technology is an EV and Solar Play Just Getting Started
- Under Armour May Have Just Bottomed
- Skyworks Solutions: Another Crack in the Consumer Outlook
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL – Get Rating).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
