Roundview Capital LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,230 shares of the information services provider’s stock after acquiring an additional 184 shares during the quarter. Roundview Capital LLC’s holdings in Alphabet were worth $1,891,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Live Oak Investment Partners bought a new stake in Alphabet during the fourth quarter valued at approximately $26,000. Sanctuary Wealth Management L.L.C. bought a new stake in Alphabet during the fourth quarter valued at approximately $34,000. Turim 21 Investimentos Ltda. bought a new stake in Alphabet during the third quarter valued at approximately $38,000. IAG Wealth Partners LLC lifted its position in Alphabet by 100.0% during the first quarter. IAG Wealth Partners LLC now owns 400 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 200 shares during the last quarter. Finally, AM Squared Ltd bought a new stake in Alphabet during the fourth quarter valued at approximately $44,000. 35.38% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
GOOGL has been the topic of several research reports. Jefferies Financial Group lifted their price target on shares of Alphabet from $150.00 to $165.00 in a research note on Wednesday, July 26th. Oppenheimer lifted their price target on shares of Alphabet from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Bank of America lifted their price target on shares of Alphabet from $142.00 to $146.00 in a research note on Wednesday, July 26th. Evercore ISI lifted their price target on shares of Alphabet from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. Finally, Piper Sandler lifted their target price on shares of Alphabet from $140.00 to $148.00 in a research note on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.61.
Insiders Place Their Bets
In other news, major shareholder 2019 Gp L.L.C. Gv sold 16,633 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $13.65, for a total transaction of $227,040.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder 2019 Gp L.L.C. Gv sold 16,633 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $13.65, for a total transaction of $227,040.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Prabhakar Raghavan sold 16,083 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the sale, the senior vice president now directly owns 127,028 shares of the company’s stock, valued at approximately $15,282,738.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 276,778 shares of company stock valued at $10,273,372. 0.88% of the stock is owned by insiders.
Alphabet Price Performance
Shares of NASDAQ:GOOGL opened at $127.46 on Friday. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $133.74. The business has a 50-day simple moving average of $124.49 and a two-hundred day simple moving average of $112.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.14 and a current ratio of 2.17. The firm has a market cap of $1.61 trillion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 1.48 and a beta of 1.06.
Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. The business had revenue of $74.60 billion during the quarter, compared to analyst estimates of $60.24 billion. During the same quarter in the previous year, the firm earned $1.21 EPS. On average, analysts expect that Alphabet Inc. will post 5.67 earnings per share for the current year.
Alphabet Profile
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.
Read More
- Five stocks we like better than Alphabet
- How to Calculate Return on Investment (ROI)
- 8 Best Artificial Intelligence Stocks Under $10
- How Investors Can Find the Best Cheap Dividend Stocks
- What Ross Stores Earnings Say About The Saver Shopping Economy
- How to Invest in Esports
- 6 Largest Healthcare REITs to Buy and How to Invest
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
