Bogart Wealth LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 47.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,740 shares of the information services provider’s stock after purchasing an additional 880 shares during the period. Bogart Wealth LLC’s holdings in Alphabet were worth $285,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of GOOG. Vanguard Group Inc. boosted its stake in shares of Alphabet by 1,885.5% during the 3rd quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock valued at $40,593,957,000 after purchasing an additional 400,930,216 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Alphabet by 1,770.6% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock valued at $19,639,414,000 after acquiring an additional 192,607,045 shares during the period. State Street Corp lifted its position in Alphabet by 1,851.7% during the 3rd quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock valued at $18,931,733,000 after acquiring an additional 186,809,281 shares during the period. Moneta Group Investment Advisors LLC lifted its position in Alphabet by 61,587.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock valued at $11,539,004,000 after acquiring an additional 129,835,437 shares during the period. Finally, Alliancebernstein L.P. lifted its position in Alphabet by 1,862.3% during the 3rd quarter. Alliancebernstein L.P. now owns 63,184,850 shares of the information services provider’s stock valued at $6,075,223,000 after acquiring an additional 59,964,963 shares during the period. Institutional investors own 27.17% of the company’s stock.
Insiders Place Their Bets
In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $120.31, for a total value of $1,934,945.73. Following the completion of the transaction, the senior vice president now directly owns 127,028 shares in the company, valued at $15,282,738.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, major shareholder 2021 Gp L.L.C. Gv purchased 309,931 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 2,243,665 shares in the company, valued at approximately $63,585,466.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 16,083 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the completion of the transaction, the senior vice president now directly owns 127,028 shares in the company, valued at approximately $15,282,738.68. The disclosure for this sale can be found here. Insiders sold a total of 832,682 shares of company stock worth $26,077,123 over the last three months. 12.99% of the stock is currently owned by company insiders.
Alphabet Stock Performance
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 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 $68.80 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 earnings per share. On average, research analysts anticipate that Alphabet Inc. will post 5.39 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts recently issued reports on GOOG shares. Oppenheimer lowered their price target on shares of Alphabet from $155.00 to $135.00 in a research report on Monday, April 24th. Robert W. Baird lifted their target price on shares of Alphabet from $120.00 to $123.00 in a report on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. 92 Resources reaffirmed a “downgrade” rating on shares of Alphabet in a report on Monday, June 26th. Finally, UBS Group lifted their target price on shares of Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.77.
About Alphabet
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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