FRG Family Wealth Advisors LLC Purchases 400 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Posted by Defense World Staff on Sep 24th, 2023

FRG Family Wealth Advisors LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 0.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 102,855 shares of the information services provider’s stock after purchasing an additional 400 shares during the quarter. Alphabet makes up 2.7% of FRG Family Wealth Advisors LLC’s holdings, making the stock its 8th largest holding. FRG Family Wealth Advisors LLC’s holdings in Alphabet were worth $12,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. DC Investments Management LLC bought a new position in shares of Alphabet in the 1st quarter valued at about $114,000. Bridgefront Capital LLC bought a new stake in Alphabet in the first quarter valued at approximately $225,000. Worth Asset Management LLC acquired a new stake in shares of Alphabet in the first quarter valued at approximately $206,000. Eudaimonia Advisors LLC lifted its position in shares of Alphabet by 15.1% in the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock valued at $275,000 after buying an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC acquired a new stake in shares of Alphabet in the first quarter valued at approximately $281,000. Institutional investors own 35.08% of the company’s stock.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 3,749 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $136.28, for a total value of $510,913.72. Following the transaction, the chief accounting officer now directly owns 25,568 shares of the company’s stock, valued at approximately $3,484,407.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Amie Thuener O’toole sold 3,749 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $136.28, for a total value of $510,913.72. Following the transaction, the chief accounting officer now directly owns 25,568 shares of the company’s stock, valued at approximately $3,484,407.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 16,083 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $120.31, for a total value of $1,934,945.73. Following the completion of the transaction, the senior vice president now directly owns 127,028 shares in the company, valued at $15,282,738.68. The disclosure for this sale can be found here. Insiders have sold 96,092 shares of company stock valued at $12,221,941 in the last ninety days. 0.88% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on GOOGL. Wedbush began coverage on Alphabet in a report on Monday, August 21st. They set an “outperform” rating and a $160.00 price target for the company. Loop Capital lifted their price target on Alphabet from $125.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, August 18th. Tigress Financial raised their price objective on Alphabet from $160.00 to $172.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 14th. JPMorgan Chase & Co. raised their price objective on Alphabet from $121.00 to $150.00 in a research note on Wednesday, July 26th. Finally, Evercore ISI raised their price objective on Alphabet from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. Four 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.89.

Get Our Latest Research Report on Alphabet

Alphabet Stock Down 0.1 %

Shares of GOOGL opened at $130.25 on Friday. The company has a market capitalization of $1.64 trillion, a PE ratio of 27.60, a PEG ratio of 1.50 and a beta of 1.06. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $139.16. The stock’s 50-day moving average price is $130.97 and its two-hundred day moving average price is $118.95. The company has a current ratio of 2.17, a quick ratio of 2.14 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL – Get Free Report) last announced 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. The firm had revenue of $74.60 billion for the quarter, compared to the consensus estimate 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 EPS. On average, analysts anticipate that Alphabet Inc. will post 5.68 EPS for the current year.

Alphabet 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.

FRG Family Wealth Advisors LLC Purchases 400 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Insider Activity

Analyst Ratings Changes

Alphabet Stock Down 0.1 %

Alphabet Profile

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