Templeton & Phillips Capital Management LLC Has $1.93 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Posted by Defense World Staff on Jul 28th, 2023

Templeton & Phillips Capital Management LLC cut its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,633 shares of the information services provider’s stock after selling 340 shares during the period. Alphabet makes up about 2.0% of Templeton & Phillips Capital Management LLC’s portfolio, making the stock its 12th biggest holding. Templeton & Phillips Capital Management LLC’s holdings in Alphabet were worth $1,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Augustine Asset Management Inc. acquired a new position in Alphabet during the 1st quarter worth approximately $232,000. Oak Family Advisors LLC raised its stake in shares of Alphabet by 105.7% in the first quarter. Oak Family Advisors LLC now owns 47,246 shares of the information services provider’s stock worth $4,901,000 after purchasing an additional 24,282 shares during the last quarter. Aquire Wealth Advisors LLC purchased a new stake in shares of Alphabet during the first quarter valued at approximately $226,000. Seascape Capital Management increased its position in shares of Alphabet by 3.0% during the first quarter. Seascape Capital Management now owns 32,786 shares of the information services provider’s stock valued at $3,401,000 after acquiring an additional 947 shares during the last quarter. Finally, Arete Wealth Advisors LLC purchased a new stake in shares of Alphabet during the first quarter valued at approximately $6,663,007,000,000. 35.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 25,937 shares in the company, valued at $2,788,486.87. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Alphabet news, Director Ann Mather sold 220 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $121.75, for a total transaction of $26,785.00. Following the completion of the sale, the director now owns 4,759 shares of the company’s stock, valued at $579,408.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 637 shares of the firm’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 sale, the chief accounting officer now directly owns 25,937 shares of the company’s stock, valued at approximately $2,788,486.87. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 841,908 shares of company stock worth $29,403,717. 0.88% of the stock is owned by corporate insiders.

Alphabet Stock Up 0.1 %

Shares of GOOGL stock opened at $129.40 on Friday. The stock’s 50-day simple moving average is $122.33 and its 200-day simple moving average is $108.13. 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 has a market capitalization of $1.64 trillion, a PE ratio of 27.42, a P/E/G ratio of 1.56 and a beta of 1.06. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $133.24.

Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its earnings results on Tuesday, July 25th. The information services provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.32 by $0.12. The firm had revenue of $74.60 billion for the quarter, compared to analyst estimates of $60.24 billion. Alphabet had a return on equity of 23.73% and a net margin of 21.05%. During the same period last year, the company earned $1.21 earnings per share. Equities analysts expect that Alphabet Inc. will post 5.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GOOGL. 51job reaffirmed a “downgrade” rating on shares of Alphabet in a report on Tuesday, June 27th. Raymond James increased their price objective on Alphabet from $119.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Piper Sandler raised their price target on Alphabet from $140.00 to $148.00 in a research report on Wednesday. Mizuho boosted their target price on Alphabet from $135.00 to $155.00 in a research note on Wednesday. Finally, Roth Mkm boosted their target price on Alphabet from $126.00 to $134.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Four analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.19.

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.