Xponance Inc. Boosts Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Xponance Inc. raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 0.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,097,105 shares of the information services provider’s stock after buying an additional 1,387 shares during the period. Alphabet accounts for approximately 1.7% of Xponance Inc.’s portfolio, making the stock its 7th biggest holding. Xponance Inc.’s holdings in Alphabet were worth $114,099,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GOOG. Corrado Advisors LLC bought a new position in shares of Alphabet in the fourth quarter worth about $27,000. Gould Capital LLC increased its stake in shares of Alphabet by 2,150.0% in the third quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after purchasing an additional 301 shares during the period. Essex Investment Management Co. LLC increased its stake in shares of Alphabet by 1,900.0% in the third quarter. Essex Investment Management Co. LLC now owns 320 shares of the information services provider’s stock worth $31,000 after purchasing an additional 304 shares during the period. My Personal CFO LLC bought a new position in shares of Alphabet in the fourth quarter worth about $34,000. Finally, Bellwether Advisors LLC increased its stake in shares of Alphabet by 9,400.0% in the third quarter. Bellwether Advisors LLC now owns 380 shares of the information services provider’s stock worth $36,000 after purchasing an additional 376 shares during the period. 27.17% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

GOOG has been the topic of a number of recent analyst reports. Oppenheimer dropped their price objective on Alphabet from $155.00 to $135.00 in a research note on Monday, April 24th. UBS Group lifted their target price on Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. Deutsche Bank Aktiengesellschaft lifted their target price on Alphabet from $120.00 to $125.00 in a research report on Wednesday, April 26th. Raymond James lifted their target price on Alphabet from $119.00 to $130.00 in a research report on Wednesday, April 26th. Finally, Robert W. Baird lifted their target price on Alphabet from $120.00 to $123.00 in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.80.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total transaction of $68,483.87. Following the sale, the chief accounting officer now owns 25,937 shares of the company’s stock, valued at approximately $2,788,486.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Frances Arnold sold 240 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $120.02, for a total value of $28,804.80. Following the completion of the transaction, the director now owns 13,040 shares in the company, valued at $1,565,060.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 637 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total transaction of $68,483.87. Following the completion of the transaction, the chief accounting officer now owns 25,937 shares of the company’s stock, valued at approximately $2,788,486.87. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 848,978 shares of company stock worth $27,492,109. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Up 0.8 %

Shares of NASDAQ GOOG opened at $120.97 on Friday. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.54 trillion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. The firm’s 50-day moving average is $118.76 and its 200-day moving average is $104.58. Alphabet Inc. has a 1 year low of $83.45 and a 1 year high of $129.55.

Alphabet (NASDAQ:GOOG – Free Report) last released its earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The firm had revenue of $69.79 billion during the quarter, compared to analyst estimates of $68.80 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.23 EPS. Equities analysts expect that Alphabet Inc. will post 5.39 EPS for the current year.

Alphabet Profile

(Free Report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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