RPg Family Wealth Advisory LLC Has $4.44 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Posted by Defense World Staff on Jul 5th, 2023

RPg Family Wealth Advisory LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 6.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,829 shares of the information services provider’s stock after buying an additional 2,642 shares during the period. Alphabet comprises approximately 2.4% of RPg Family Wealth Advisory LLC’s investment portfolio, making the stock its 13th biggest holding. RPg Family Wealth Advisory LLC’s holdings in Alphabet were worth $4,443,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. VitalStone Financial LLC bought a new position in shares of Alphabet during the fourth quarter worth approximately $25,000. Live Oak Investment Partners bought a new position in shares of Alphabet during the fourth quarter worth approximately $26,000. McElhenny Sheffield Capital Management LLC bought a new position in Alphabet during the 4th quarter worth $33,000. Sanctuary Wealth Management L.L.C. bought a new position in Alphabet during the 4th quarter worth $34,000. Finally, Turim 21 Investimentos Ltda. bought a new position in Alphabet during the 3rd quarter worth $38,000. Institutional investors own 35.38% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GOOGL. Robert W. Baird lifted their price target on Alphabet from $120.00 to $123.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. JMP Securities restated a “market outperform” rating and set a $132.00 price objective on shares of Alphabet in a research report on Thursday, March 16th. StockNews.com assumed coverage on Alphabet in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Raymond James upped their price target on Alphabet from $119.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Finally, Truist Financial upped their price target on Alphabet from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Seven investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $129.63.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of the 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 completion of the transaction, the chief accounting officer now directly owns 25,937 shares of the company’s stock, valued at $2,788,486.87. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Alphabet news, Director Kavitark Ram Shriram sold 37,500 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $105.04, for a total transaction of $3,939,000.00. Following the sale, the director now owns 107,240 shares in the company, valued at $11,264,489.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 637 shares of the stock in a transaction on Tuesday, May 2nd. The stock was 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 794,165 shares of company stock valued at $23,767,530. Company insiders own 0.88% of the company’s stock.

Alphabet Stock Performance

GOOGL stock opened at $119.90 on Wednesday. The firm 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 1.06. 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 business has a 50 day moving average of $118.69 and a 200-day moving average of $104.50. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $129.04.

Alphabet (NASDAQ:GOOGL – Free Report) last released 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 during the quarter, compared to analyst estimates of $57.19 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. During the same period in the prior year, the company posted $1.23 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 5.39 earnings per share 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.