Barrett & Company Inc. bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 19,717 shares of the information services provider’s stock, valued at approximately $2,046,000. Alphabet comprises 1.3% of Barrett & Company Inc.’s holdings, making the stock its 20th largest holding.
A number of other large investors also recently bought and sold shares of GOOGL. Live Oak Investment Partners bought a new position in Alphabet during the 4th quarter worth approximately $26,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $34,000. Turim 21 Investimentos Ltda. acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $38,000. IAG Wealth Partners LLC raised its position in shares of Alphabet by 100.0% during the 1st quarter. IAG Wealth Partners LLC now owns 400 shares of the information services provider’s stock worth $41,000 after purchasing an additional 200 shares during the period. Finally, AM Squared Ltd acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $44,000. Institutional investors own 35.08% of the company’s stock.
Insider Buying and Selling
In related news, Director John L. Hennessy sold 200 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $125.65, for a total transaction of $25,130.00. Following the completion of the sale, the director now directly owns 5,740 shares in the company, valued at $721,231. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder 2019 Gp L.L.C. Gv sold 16,031 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $14.98, for a total transaction of $240,144.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $125.65, for a total value of $25,130.00. Following the transaction, the director now owns 5,740 shares in the company, valued at $721,231. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,813 shares of company stock worth $7,380,379. Corporate insiders own 0.88% of the company’s stock.
Alphabet Stock Performance
Alphabet (NASDAQ:GOOGL – Get Free Report) last issued 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. 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 analysts’ expectations of $60.24 billion. During the same quarter last year, the firm posted $1.21 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 5.68 EPS for the current fiscal year.
Analyst Ratings Changes
GOOGL has been the topic of a number of research reports. 51job reiterated a “downgrade” rating on shares of Alphabet in a research report on Tuesday, June 27th. Truist Financial increased their price target on Alphabet from $122.00 to $160.00 in a research report on Wednesday, July 26th. Wells Fargo & Company raised their target price on Alphabet from $116.00 to $121.00 in a research report on Wednesday, July 26th. Mizuho raised their target price on Alphabet from $135.00 to $155.00 in a research report on Wednesday, July 26th. Finally, KeyCorp raised their target price on Alphabet from $140.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $143.89.
Read Our Latest Research Report on GOOGL
Alphabet Company 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.
Featured Articles
- Five stocks we like better than Alphabet
- Investing In Preferred Stock vs. Common Stock
- 3 Takeaways from the August Inflation Report
- How Can Investors Use the Dogs of the Dow Strategy?
- On Fire: 5 Best Artificial Intelligence Penny Stocks
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- 6 Cybersecurity Stocks: Which is the Best to Buy?
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.
