Bond & Devick Financial Network Inc. Buys Shares of 1,980 Alphabet Inc. (NASDAQ:GOOG)

Posted by Defense World Staff on Jun 23rd, 2023

Bond & Devick Financial Network Inc. bought a new stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,980 shares of the information services provider’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. Westchester Capital Management Inc. raised its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock valued at $25,000 after buying an additional 247 shares during the period. Corrado Advisors LLC purchased a new stake in shares of Alphabet in the 4th quarter valued at $27,000. Gould Capital LLC raised its holdings in shares of Alphabet by 2,150.0% in the 3rd quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock valued at $30,000 after buying an additional 301 shares during the period. Essex Investment Management Co. LLC raised its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Essex Investment Management Co. LLC now owns 320 shares of the information services provider’s stock valued at $31,000 after buying an additional 304 shares during the period. Finally, My Personal CFO LLC purchased a new stake in shares of Alphabet in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GOOG shares. UBS Group upped their price target on Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. Robert W. Baird upped their price target on Alphabet from $120.00 to $123.00 in a report on Wednesday, April 26th. Oppenheimer cut their price target on Alphabet from $155.00 to $135.00 in a report on Monday, April 24th. Deutsche Bank Aktiengesellschaft upped their price target on Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. Finally, Raymond James upped their price target on Alphabet from $119.00 to $130.00 in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.80.

Insiders Place Their Bets

In related news, major shareholder 2021 Gp L.L.C. Gv acquired 309,931 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was bought at an average cost of $28.34 per share, with a total value of $8,783,444.54. Following the transaction, the insider now owns 2,243,665 shares of the company’s stock, valued at $63,585,466.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder 2021 Gp L.L.C. Gv acquired 309,931 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was bought at an average cost of $28.34 per share, with a total value of $8,783,444.54. Following the transaction, the insider now owns 2,243,665 shares of the company’s stock, valued at $63,585,466.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 32,379 shares of the stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 877,364 shares of company stock valued at $30,371,135. 12.99% of the stock is owned by company insiders.

Alphabet Stock Up 2.2 %

Shares of NASDAQ GOOG opened at $123.87 on Friday. The stock has a market cap of $1.57 trillion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 1.58 and a beta of 1.09. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52-week low of $83.45 and a 52-week high of $129.55. The business has a 50-day moving average price of $117.06 and a 200 day moving average price of $103.54.

Alphabet (NASDAQ:GOOG – 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 return on equity of 22.84% and a net margin of 20.58%. The firm had revenue of $69.79 billion during the quarter, compared to analysts’ expectations of $68.80 billion. During the same period in the prior year, the firm earned $1.23 EPS. The business’s revenue was up 2.6% on a year-over-year basis. Equities research analysts forecast that Alphabet Inc. will post 5.41 earnings per share for the current year.

Alphabet Company 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.

Bond & Devick Financial Network Inc. Buys Shares of 1,980 Alphabet Inc. (NASDAQ:GOOG)

Wall Street Analysts Forecast Growth

Insiders Place Their Bets

Alphabet Stock Up 2.2 %

Alphabet Company Profile

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