Alphabet Inc. (NASDAQ:GOOGL) Holdings Raised by Greystone Financial Group LLC

Posted by Defense World Staff on Jul 18th, 2023

Greystone Financial Group LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 32.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,262 shares of the information services provider’s stock after buying an additional 4,476 shares during the quarter. Greystone Financial Group LLC’s holdings in Alphabet were worth $1,894,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. Leeward Financial Partners LLC increased its stake in shares of Alphabet by 2.7% during the 1st quarter. Leeward Financial Partners LLC now owns 24,271 shares of the information services provider’s stock worth $2,518,000 after purchasing an additional 634 shares during the last quarter. Sage Mountain Advisors LLC increased its stake in shares of Alphabet by 207.4% during the 1st quarter. Sage Mountain Advisors LLC now owns 27,571 shares of the information services provider’s stock worth $2,860,000 after purchasing an additional 18,603 shares during the last quarter. Sky Investment Group LLC increased its stake in shares of Alphabet by 4.3% during the 1st quarter. Sky Investment Group LLC now owns 91,526 shares of the information services provider’s stock worth $9,494,000 after purchasing an additional 3,732 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Alphabet by 7,085.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 332,688 shares of the information services provider’s stock worth $34,510,000 after purchasing an additional 328,058 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC increased its stake in shares of Alphabet by 17.1% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 291,705 shares of the information services provider’s stock worth $30,259,000 after purchasing an additional 42,661 shares during the last quarter. Hedge funds and other institutional investors own 35.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GOOGL shares. Raymond James increased their price target on shares of Alphabet from $119.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. The Goldman Sachs Group raised their target price on shares of Alphabet from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Monday. StockNews.com began coverage on shares of Alphabet in a research note on Thursday, May 18th. They issued a “buy” rating on the stock. Evercore ISI raised their target price on shares of Alphabet from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Finally, TD Cowen raised their target price on shares of Alphabet from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, July 13th. Seven analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $130.92.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 637 shares of the business’s 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 sale, the chief accounting officer now owns 25,937 shares in the company, valued at $2,788,486.87. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CAO Amie Thuener O’toole sold 637 shares of the company’s 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 transaction, the chief accounting officer now owns 25,937 shares of the company’s stock, valued at $2,788,486.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 200 shares of the company’s 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 sale, the director now owns 5,740 shares of the company’s stock, valued at approximately $721,231. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 841,688 shares of company stock worth $29,376,932. Insiders own 0.88% of the company’s stock.

Alphabet Trading Down 0.6 %

Shares of GOOGL stock opened at $124.65 on Tuesday. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $129.04. The company has a market capitalization of $1.58 trillion, a P/E ratio of 27.76, a P/E/G ratio of 1.60 and a beta of 1.06. The firm has a 50-day moving average price of $121.37 and a 200 day moving average price of $106.57. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL – Get 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, topping analysts’ consensus estimates of $1.06 by $0.11. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The company had revenue of $69.79 billion for the quarter, compared to analyst estimates of $57.19 billion. During the same period in the prior year, the business earned $1.23 earnings per share. Research analysts forecast that Alphabet Inc. will post 5.39 earnings per share for the current fiscal year.

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.

Alphabet Inc. (NASDAQ:GOOGL) Holdings Raised by Greystone Financial Group LLC

Wall Street Analysts Forecast Growth

Insider Buying and Selling at Alphabet

Alphabet Trading Down 0.6 %

About Alphabet

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