Foster Victor Wealth Advisors LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 13.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,567 shares of the information services provider’s stock after purchasing an additional 16,500 shares during the quarter. Alphabet makes up approximately 1.8% of Foster Victor Wealth Advisors LLC’s holdings, making the stock its 9th biggest holding. Foster Victor Wealth Advisors LLC’s holdings in Alphabet were worth $14,930,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in GOOGL. DC Investments Management LLC bought a new position in Alphabet in the 1st quarter valued at $114,000. Bridgefront Capital LLC bought a new position in Alphabet in the first quarter valued at about $225,000. Worth Asset Management LLC acquired a new stake in Alphabet in the first quarter worth about $206,000. Eudaimonia Advisors LLC raised its holdings in Alphabet by 15.1% during the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after purchasing an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC acquired a new position in Alphabet during the 1st quarter valued at about $281,000. 35.38% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on GOOGL. UBS Group downgraded shares of Alphabet from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $123.00 to $132.00 in a research note on Monday, June 26th. Piper Sandler increased their price target on Alphabet from $128.00 to $140.00 in a research note on Wednesday. Roth Mkm lifted their price objective on Alphabet from $126.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. StockNews.com began coverage on Alphabet in a report on Thursday, May 18th. They set a “buy” rating on the stock. 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 note on Wednesday, April 26th. Seven analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.54.
Alphabet Stock Performance
Alphabet (NASDAQ:GOOGL – Free Report) last announced its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping 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 company had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $57.19 billion. During the same quarter in the prior year, the business posted $1.23 EPS. As a group, sell-side analysts expect that Alphabet Inc. will post 5.39 earnings per share for the current fiscal year.
Insider Buying and Selling at Alphabet
In other news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the transaction, the insider now directly owns 11,421,476 shares in the company, valued at approximately $161,385,455.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $125.65, for a total transaction of $25,130.00. Following the completion of the transaction, the director now directly owns 5,740 shares of the company’s stock, valued at $721,231. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the sale, the insider now owns 11,421,476 shares of the company’s stock, valued at approximately $161,385,455.88. The disclosure for this sale can be found here. Insiders sold a total of 810,248 shares of company stock worth $25,702,475 over the last quarter. 0.88% of the stock is currently owned by insiders.
Alphabet Profile
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.
See Also
- Five stocks we like better than Alphabet
- Pfizer Just Invested $25 million In This Biotech
- Cracks In The Labor Market? Not Yet, But They’re Coming
- Levi’s: Buy On The Dip Or Downtrend In Play?
- Who Wins And Who Loses With China’s Metal Restrictions
- 3 Large Semiconductor Makers Offering Dividends & Price Growth
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
