Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by First United Bank & Trust

Posted by Defense World Staff on Jul 4th, 2023

First United Bank & Trust boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,134 shares of the information services provider’s stock after buying an additional 294 shares during the quarter. Alphabet accounts for about 1.3% of First United Bank & Trust’s investment portfolio, making the stock its 20th largest position. First United Bank & Trust’s holdings in Alphabet were worth $2,711,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of GOOGL. DC Investments Management LLC purchased a new stake in shares of Alphabet in the 1st quarter valued at approximately $114,000. Bridgefront Capital LLC purchased a new stake in shares of Alphabet in the first quarter valued at $225,000. Worth Asset Management LLC acquired a new stake in shares of Alphabet in the first quarter worth $206,000. Eudaimonia Advisors LLC grew its holdings in shares of Alphabet by 15.1% during the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock valued at $275,000 after buying an additional 13 shares in the last quarter. Finally, Aspire Capital Advisors LLC purchased a new stake in Alphabet in the 1st quarter worth about $281,000. Institutional investors own 35.38% of the company’s stock.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,788,486.87. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total value of $68,483.87. Following the sale, the chief accounting officer now owns 25,937 shares in the company, valued at approximately $2,788,486.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $125.65, for a total transaction of $25,130.00. Following the sale, the director now directly owns 5,740 shares of the company’s stock, valued at approximately $721,231. The disclosure for this sale can be found here. In the last three months, insiders have sold 794,165 shares of company stock worth $23,767,530. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on Alphabet from $130.00 to $132.00 in a report on Wednesday, April 26th. 1-800-FLOWERS.COM reiterated a “downgrade” rating on shares of Alphabet in a research note on Monday, May 15th. Stifel Nicolaus started coverage on shares of Alphabet in a research note on Monday, March 20th. They set a “buy” rating and a $130.00 target price for the company. Robert W. Baird upped their price target on shares of Alphabet from $120.00 to $123.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Finally, Raymond James lifted their price objective on Alphabet from $119.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Seven equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $129.63.

Alphabet Stock Performance

GOOGL opened at $119.90 on Tuesday. The stock’s 50 day simple moving average is $118.37 and its 200-day simple moving average is $104.29. 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 stock has a market cap of $1.52 trillion, a PE ratio of 26.70, a P/E/G ratio of 1.53 and a beta of 1.09. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $129.04.

Alphabet (NASDAQ:GOOGL – Free Report) last posted its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The firm had revenue of $69.79 billion for the quarter, compared to the consensus estimate of $57.19 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 5.39 EPS for the current year.

Alphabet Company 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.

Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by First United Bank & Trust

Insider Activity

Wall Street Analysts Forecast Growth

Alphabet Stock Performance

Alphabet Company Profile

See Also

You might be interested in: