Quad Cities Investment Group LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 11.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,078 shares of the information services provider’s stock after selling 682 shares during the period. Quad Cities Investment Group LLC’s holdings in Alphabet were worth $528,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of GOOG. Jmac Enterprises LLC boosted its holdings in Alphabet by 6.0% in the 1st quarter. Jmac Enterprises LLC now owns 17,707 shares of the information services provider’s stock worth $1,842,000 after buying an additional 1,005 shares during the last quarter. Monarch Capital Management Inc. boosted its holdings in Alphabet by 4.0% in the 4th quarter. Monarch Capital Management Inc. now owns 40,712 shares of the information services provider’s stock worth $3,612,000 after buying an additional 1,562 shares during the last quarter. Matthew Goff Investment Advisor LLC boosted its holdings in Alphabet by 4.2% in the 4th quarter. Matthew Goff Investment Advisor LLC now owns 7,380 shares of the information services provider’s stock worth $655,000 after buying an additional 300 shares during the last quarter. Gould Capital LLC boosted its holdings in Alphabet by 2,150.0% in the 3rd quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after buying an additional 301 shares during the last quarter. Finally, Meyer Handelman Co. boosted its holdings in Alphabet by 7.4% in the 1st quarter. Meyer Handelman Co. now owns 264,040 shares of the information services provider’s stock worth $27,460,000 after buying an additional 18,210 shares during the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.
Analyst Ratings Changes
GOOG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. Robert W. Baird boosted their target price on Alphabet from $120.00 to $123.00 in a report on Wednesday, April 26th. 92 Resources restated a “downgrade” rating on shares of Alphabet in a report on Monday, June 26th. UBS Group boosted their target price on Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. Finally, Oppenheimer lowered their target price on Alphabet from $155.00 to $135.00 in a report on Monday, April 24th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $131.77.
Alphabet Stock Down 0.7 %
Alphabet (NASDAQ:GOOG – Free Report) 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 company had revenue of $69.79 billion for the quarter, compared to analyst estimates of $68.80 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Research analysts predict that Alphabet Inc. will post 5.39 EPS for the current year.
Insider Transactions at Alphabet
In related news, major shareholder 2021 Gp L.L.C. Gv acquired 309,931 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were acquired at an average price of $28.34 per share, with a total value of $8,783,444.54. Following the completion of 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 legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder 2019 Gp L.L.C. Gv sold 157,952 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $12.74, for a total value of $2,012,308.48. Following the transaction, the insider now owns 10,800,973 shares of the company’s stock, valued at $137,604,396.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2021 Gp L.L.C. Gv bought 309,931 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was acquired at an average cost of $28.34 per share, for a total transaction of $8,783,444.54. Following the acquisition, the insider now directly owns 2,243,665 shares of the company’s stock, valued at $63,585,466.10. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 832,682 shares of company stock valued at $26,077,123. 12.99% of the stock is currently owned by company insiders.
Alphabet Company 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.
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