Amussen Hunsaker Associates LLC Acquires 412 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Posted by Defense World Staff on May 12th, 2023

Amussen Hunsaker Associates LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,942 shares of the information services provider’s stock after acquiring an additional 412 shares during the period. Alphabet accounts for approximately 1.9% of Amussen Hunsaker Associates LLC’s holdings, making the stock its 15th largest position. Amussen Hunsaker Associates LLC’s holdings in Alphabet were worth $7,055,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GOOGL. VitalStone Financial LLC bought a new stake in shares of Alphabet during the 4th quarter worth $25,000. IAG Wealth Partners LLC boosted its holdings in shares of Alphabet by 3,275.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after buying an additional 262 shares during the period. Artemis Wealth Advisors LLC boosted its holdings in shares of Alphabet by 1,900.0% during the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock worth $27,000 after buying an additional 266 shares during the period. Laurel Wealth Planning LLC boosted its holdings in shares of Alphabet by 1,900.0% during the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock worth $29,000 after buying an additional 285 shares during the period. Finally, Coston McIsaac & Partners boosted its holdings in shares of Alphabet by 1,900.0% during the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock worth $30,000 after buying an additional 304 shares during the period. 34.06% of the stock is owned by institutional investors.

Insider Activity

In other news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $14.13, for a total value of $1,423,908.36. Following the transaction, the insider now owns 11,421,476 shares of the company’s stock, valued at approximately $161,385,455.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of Alphabet stock in a transaction that occurred on Monday, March 13th. The shares were acquired at an average price of $29.29 per share, with a total value of $12,155,350.00. Following the purchase, the insider now directly owns 1,709,527 shares of the company’s stock, valued at $50,072,045.83. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of Alphabet stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the transaction, the insider now directly owns 11,421,476 shares in the company, valued at approximately $161,385,455.88. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 732,217 shares of company stock valued at $21,135,371 and have sold 238,811 shares valued at $15,576,939. Insiders own 11.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GOOGL. Roth Mkm upped their target price on shares of Alphabet from $126.00 to $134.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Credit Suisse Group cut their target price on shares of Alphabet from $136.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, April 26th. Morgan Stanley upped their target price on shares of Alphabet from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Bank of America upped their target price on shares of Alphabet from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $115.00 target price on shares of Alphabet in a research note on Monday, April 3rd. Three analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.06.

Alphabet Stock Up 4.3 %

Shares of NASDAQ:GOOGL opened at $116.57 on Friday. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $122.43. The company’s 50-day moving average price is $103.23 and its two-hundred day moving average price is $97.19. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.48 trillion, a P/E ratio of 25.96, a P/E/G ratio of 1.35 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its earnings results 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 company had revenue of $69.79 billion for the quarter, compared to analyst estimates of $57.19 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. During the same quarter last year, the firm earned $1.23 EPS. As a group, research analysts forecast that Alphabet Inc. will post 5.39 EPS for the current fiscal year.

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.