LeJeune Puetz Investment Counsel LLC Boosts Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Posted by Defense World Staff on Aug 3rd, 2023

LeJeune Puetz Investment Counsel LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,550 shares of the information services provider’s stock after purchasing an additional 450 shares during the period. LeJeune Puetz Investment Counsel LLC’s holdings in Alphabet were worth $2,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. Live Oak Investment Partners acquired a new stake in Alphabet in the fourth quarter worth about $26,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Alphabet in the fourth quarter worth about $34,000. Turim 21 Investimentos Ltda. acquired a new stake in Alphabet in the third quarter worth about $38,000. IAG Wealth Partners LLC boosted its holdings in Alphabet by 100.0% in the first quarter. IAG Wealth Partners LLC now owns 400 shares of the information services provider’s stock worth $41,000 after acquiring an additional 200 shares in the last quarter. Finally, AM Squared Ltd acquired a new stake in Alphabet in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 35.38% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, 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 transaction, the senior vice president now owns 127,028 shares of the company’s stock, valued at $15,282,738.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Alphabet news, 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 transaction, the senior vice president now owns 127,028 shares of the company’s stock, valued at $15,282,738.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2021 Gp L.L.C. Gv acquired 7,286 shares of the stock in a transaction on Friday, May 5th. The shares were bought at an average cost of $26.98 per share, for a total transaction of $196,576.28. Following the purchase, the insider now directly owns 2,647,312 shares of the company’s stock, valued at approximately $71,424,477.76. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 841,501 shares of company stock valued at $29,365,352. Insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on GOOGL. Loop Capital downgraded Alphabet from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Monday, May 15th. Tigress Financial lifted their target price on Alphabet from $160.00 to $172.00 and gave the stock a “strong-buy” rating in a report on Friday, July 14th. Piper Sandler lifted their target price on Alphabet from $140.00 to $148.00 in a report on Wednesday, July 26th. Roth Mkm lifted their target price on Alphabet from $126.00 to $134.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Finally, Evercore ISI lifted their target price on Alphabet from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, July 26th. Four research 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $142.19.

Read Our Latest Analysis on GOOGL

Alphabet Stock Down 2.4 %

Shares of GOOGL opened at $128.38 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.14 and a current ratio of 2.17. Alphabet Inc. has a one year low of $83.34 and a one year high of $133.74. The stock has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 27.20, a PEG ratio of 1.58 and a beta of 1.06. The stock has a 50 day moving average price of $123.14 and a 200 day moving average price of $109.56.

Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $60.24 billion. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. During the same period in the previous year, the business earned $1.21 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 5.64 earnings per share for the current fiscal year.

Alphabet Company Profile

(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.