S.A. Mason LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 7.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,740 shares of the information services provider’s stock after buying an additional 700 shares during the quarter. S.A. Mason LLC’s holdings in Alphabet were worth $1,114,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bornite Capital Management LP purchased a new position in Alphabet during the first quarter valued at $16,688,000. Markel Corp lifted its holdings in Alphabet by 17.0% during the first quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock valued at $43,110,000 after purchasing an additional 2,250 shares in the last quarter. United Bank lifted its holdings in Alphabet by 5.9% during the first quarter. United Bank now owns 2,033 shares of the information services provider’s stock valued at $5,654,000 after purchasing an additional 113 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Alphabet by 23.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock valued at $900,929,000 after purchasing an additional 61,427 shares in the last quarter. Finally, Dakota Wealth Management lifted its holdings in Alphabet by 20.4% during the first quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock valued at $25,806,000 after purchasing an additional 1,570 shares in the last quarter. Institutional investors and hedge funds own 35.38% of the company’s stock.
Insiders Place Their Bets
In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $131.14, for a total transaction of $26,228.00. Following the completion of the transaction, the director now owns 5,340 shares in the company, valued at approximately $700,287.60. 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 on Wednesday, May 31st. The shares were sold at an average price of $13.65, for a total value of $227,040.45. 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 Thursday, August 10th. The shares were sold at an average price of $131.14, for a total transaction of $26,228.00. Following the completion of the transaction, the director now owns 5,340 shares of the company’s stock, valued at approximately $700,287.60. The disclosure for this sale can be found here. Insiders sold 180,006 shares of company stock worth $8,804,132 in the last 90 days. Corporate insiders own 0.88% of the company’s stock.
Alphabet Trading Up 0.1 %
Alphabet (NASDAQ:GOOGL – Get Free Report) last posted 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. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. The company had revenue of $74.60 billion during the quarter, compared to analysts’ expectations of $60.24 billion. During the same quarter in the previous year, the business posted $1.21 EPS. As a group, research analysts expect that Alphabet Inc. will post 5.68 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms have recently weighed in on GOOGL. Citigroup raised their price target on shares of Alphabet from $130.00 to $153.00 in a research note on Wednesday, July 26th. Wells Fargo & Company raised their price target on shares of Alphabet from $116.00 to $121.00 in a research note on Wednesday, July 26th. Mizuho raised their price target on shares of Alphabet from $135.00 to $155.00 in a research note on Wednesday, July 26th. The Goldman Sachs Group lifted their target price on shares of Alphabet from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, July 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $121.00 to $150.00 in a report on Wednesday, July 26th. Four equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $143.08.
Get Our Latest Report on Alphabet
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.
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