TAGStone Capital Inc. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 8.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,106 shares of the information services provider’s stock after purchasing an additional 2,445 shares during the period. Alphabet accounts for approximately 2.3% of TAGStone Capital Inc.’s holdings, making the stock its 13th largest holding. TAGStone Capital Inc.’s holdings in Alphabet were worth $3,123,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of GOOGL. Bornite Capital Management LP bought a new position in Alphabet in the 1st quarter valued at $16,688,000. Markel Corp increased its position in Alphabet by 17.0% in the first quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock worth $43,110,000 after purchasing an additional 2,250 shares during the period. United Bank raised its holdings in Alphabet by 5.9% during the 1st quarter. United Bank now owns 2,033 shares of the information services provider’s stock worth $5,654,000 after purchasing an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Alphabet by 23.4% during the 1st 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 during the period. Finally, Dakota Wealth Management boosted its stake in shares of Alphabet by 20.4% in the 1st 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 during the last quarter. Institutional investors own 35.08% of the company’s stock.
Insider Buying and Selling at Alphabet
In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president now directly owns 127,028 shares in the company, valued at $15,282,738.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of the 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 in the company, valued at approximately $15,282,738.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 15,672 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $14.48, for a total transaction of $226,930.56. The disclosure for this sale can be found here. Insiders have sold a total of 154,043 shares of company stock worth $7,411,558 over the last ninety days. Insiders own 0.88% of the company’s stock.
Alphabet Stock Down 0.4 %
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings data on Tuesday, July 25th. The information services provider reported $1.44 earnings per share (EPS) for the quarter, beating 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 23.49% and a net margin of 21.05%. During the same quarter in the prior year, the company earned $1.21 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 5.68 EPS for the current year.
Wall Street Analysts Forecast Growth
GOOGL has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Alphabet from $121.00 to $150.00 in a research note on Wednesday, July 26th. TD Cowen increased their price target on Alphabet from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, July 13th. Rosenblatt Securities lifted their price objective on Alphabet from $132.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Sanford C. Bernstein increased their target price on Alphabet from $130.00 to $135.00 in a research note on Wednesday, July 26th. Finally, 888 restated a “downgrade” rating on shares of Alphabet in a report on Monday, June 26th. Four equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.89.
View Our Latest 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.
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