Lawson Kroeker Investment Management Inc. NE Makes New Investment in Alphabet Inc. (NASDAQ:GOOGL)

Posted by Defense World Staff on Jul 8th, 2023

Lawson Kroeker Investment Management Inc. NE purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,786 shares of the information services provider’s stock, valued at approximately $3,712,000.

A number of other institutional investors have also recently bought and sold shares of the business. Kapstone Financial Advisors LLC boosted its position in Alphabet by 1.0% during the first quarter. Kapstone Financial Advisors LLC now owns 20,421 shares of the information services provider’s stock worth $2,194,000 after purchasing an additional 205 shares during the period. Clear Creek Financial Management LLC lifted its position in Alphabet by 7.6% during the first quarter. Clear Creek Financial Management LLC now owns 10,645 shares of the information services provider’s stock worth $1,104,000 after acquiring an additional 751 shares during the last quarter. Pflug Koory LLC lifted its position in Alphabet by 2.1% during the first quarter. Pflug Koory LLC now owns 10,690 shares of the information services provider’s stock worth $1,109,000 after acquiring an additional 215 shares during the last quarter. Beacon Capital Management LLC lifted its position in Alphabet by 5.3% during the first quarter. Beacon Capital Management LLC now owns 10,110 shares of the information services provider’s stock worth $1,049,000 after acquiring an additional 510 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in Alphabet by 4.8% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 248,431 shares of the information services provider’s stock worth $25,770,000 after acquiring an additional 11,459 shares during the last quarter. Institutional investors and hedge funds own 35.38% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Prabhakar Raghavan sold 16,083 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the transaction, the senior vice president now owns 127,028 shares in the company, valued at approximately $15,282,738.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Prabhakar Raghavan sold 16,083 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the transaction, the senior vice president now owns 127,028 shares in the company, valued at $15,282,738.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 37,500 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $105.04, for a total value of $3,939,000.00. Following the completion of the sale, the director now owns 107,240 shares of the company’s stock, valued at $11,264,489.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 810,248 shares of company stock worth $25,702,475. Corporate insiders own 0.88% of the company’s stock.

Alphabet Trading Down 0.5 %

NASDAQ:GOOGL opened at $119.48 on Friday. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $129.04. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. The firm’s fifty day moving average is $119.54 and its 200-day moving average is $104.94. The firm has a market cap of $1.52 trillion, a P/E ratio of 26.61, a P/E/G ratio of 1.56 and a beta of 1.06.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on GOOGL. Bank of America increased their price objective on Alphabet from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Morgan Stanley increased their price objective on Alphabet from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 26th. Royal Bank of Canada increased their target price on shares of Alphabet from $130.00 to $132.00 in a research report on Wednesday, April 26th. Loop Capital lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Monday, May 15th. Finally, UBS Group lowered shares of Alphabet from a “buy” rating to a “neutral” rating and increased their target price for the stock from $123.00 to $132.00 in a research report on Monday, June 26th. Seven investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $129.54.

About Alphabet

(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.