Alliance Wealth Advisors LLC UT purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,694 shares of the information services provider’s stock, valued at approximately $591,000.
A number of other institutional investors also recently modified their holdings of the company. VitalStone Financial LLC bought a new position in Alphabet during the fourth quarter worth $25,000. IAG Wealth Partners LLC increased its holdings in Alphabet by 3,275.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock valued at $26,000 after buying an additional 262 shares during the period. Laurel Wealth Planning LLC increased its holdings in Alphabet by 1,900.0% in the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after buying an additional 285 shares during the period. Coston McIsaac & Partners increased its holdings in Alphabet by 1,900.0% in the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock valued at $30,000 after buying an additional 304 shares during the period. Finally, McElhenny Sheffield Capital Management LLC bought a new stake in Alphabet in the 4th quarter valued at $33,000. Institutional investors own 34.06% of the company’s stock.
Wall Street Analyst Weigh In
GOOGL has been the topic of several analyst reports. Sanford C. Bernstein lowered their price target 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. Raymond James boosted their target price on shares of Alphabet from $119.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Royal Bank of Canada boosted their target price on shares of Alphabet from $130.00 to $132.00 in a research note on Wednesday, April 26th. Rosenblatt Securities reduced their target price on shares of Alphabet from $130.00 to $128.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. Finally, Roth Mkm boosted 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. Three investment 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 an average rating of “Moderate Buy” and a consensus price target of $130.06.
Alphabet Stock Up 0.8 %
Alphabet (NASDAQ:GOOGL – Get Rating) last issued its earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.06 by $0.11. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The business had revenue of $69.79 billion during the quarter, compared to the consensus estimate of $57.19 billion. During the same quarter last year, the company earned $1.23 EPS. As a group, equities research analysts predict that Alphabet Inc. will post 5.39 earnings per share for the current year.
Insiders Place Their Bets
In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,397 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $14.03, for a total value of $1,226,179.91. Following the transaction, the insider now owns 11,012,841 shares of the company’s stock, valued at $154,510,159.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,397 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $14.03, for a total value of $1,226,179.91. Following the transaction, the insider now owns 11,012,841 shares of the company’s stock, valued at $154,510,159.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 380 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $90.05, for a total transaction of $34,219.00. Following the completion of the transaction, the director now directly owns 11,300 shares in the company, valued at approximately $1,017,565. The disclosure for this sale can be found here. In the last three months, insiders have bought 732,217 shares of company stock worth $21,135,371 and have sold 326,208 shares worth $16,803,119. Corporate insiders own 11.44% of the company’s stock.
Alphabet 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.
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