Curated Wealth Partners LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 27.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,125 shares of the information services provider’s stock after selling 5,669 shares during the period. Alphabet comprises about 0.4% of Curated Wealth Partners LLC’s investment portfolio, making the stock its 20th biggest holding. Curated Wealth Partners LLC’s holdings in Alphabet were worth $1,569,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the business. Spreng Capital Management Inc. raised its position in shares of Alphabet by 4.0% during the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock worth $364,000 after acquiring an additional 5 shares in the last quarter. West Family Investments Inc. raised its holdings in Alphabet by 0.3% during the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock worth $4,878,000 after purchasing an additional 6 shares in the last quarter. Maple Capital Management Inc. lifted its position in shares of Alphabet by 2.1% during the 1st quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock worth $823,000 after buying an additional 6 shares during the last quarter. Private Advisory Group LLC boosted its holdings in shares of Alphabet by 1.8% in the 1st quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock valued at $1,115,000 after buying an additional 7 shares in the last quarter. Finally, Weik Capital Management grew its position in shares of Alphabet by 0.5% in the 1st quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock valued at $4,264,000 after buying an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 35.38% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on GOOGL shares. Jefferies Financial Group boosted their price objective on Alphabet from $130.00 to $150.00 in a research note on Tuesday, May 23rd. Credit Suisse Group increased their price target on shares of Alphabet from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, July 17th. Sanford C. Bernstein lowered shares of Alphabet from an “outperform” rating to a “market perform” rating and set a $125.00 price objective on the stock. in a research note on Tuesday, June 27th. 51job reiterated a “downgrade” rating on shares of Alphabet in a research note on Tuesday, June 27th. Finally, UBS Group cut Alphabet from a “buy” rating to a “neutral” rating and boosted their price target for the company from $123.00 to $132.00 in a research report on Monday, June 26th. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $132.21.
Alphabet Stock Up 0.7 %
Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The business had revenue of $69.79 billion during the quarter, compared to the consensus estimate of $57.19 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. During the same period in the previous year, the firm posted $1.23 earnings per share. As a group, equities research analysts anticipate that Alphabet Inc. will post 5.39 EPS for the current fiscal year.
Insiders Place Their Bets
In related 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 value of $68,483.87. Following the completion of the transaction, the chief accounting officer now directly owns 25,937 shares in the company, valued at $2,788,486.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total value of $68,483.87. Following the completion of the sale, the chief accounting officer now directly owns 25,937 shares in the company, valued at $2,788,486.87. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv purchased 309,931 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were bought at an average cost of $28.34 per share, with a total value of $8,783,444.54. Following the transaction, the insider now directly owns 2,243,665 shares of the company’s stock, valued at approximately $63,585,466.10. The disclosure for this purchase can be found here. Insiders have sold a total of 841,688 shares of company stock valued at $29,376,932 in the last quarter. 0.88% of the stock is currently owned by company insiders.
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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