Bensler LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 5.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,127 shares of the information services provider’s stock after purchasing an additional 3,261 shares during the period. Alphabet makes up about 1.5% of Bensler LLC’s portfolio, making the stock its 20th biggest position. Bensler LLC’s holdings in Alphabet were worth $7,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Live Oak Investment Partners bought a new stake in shares of Alphabet in the 4th quarter valued at approximately $26,000. Armor Investment Advisors LLC bought a new stake in shares of Alphabet during the 2nd quarter worth approximately $28,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Alphabet during the 4th quarter worth approximately $34,000. Turim 21 Investimentos Ltda. bought a new stake in shares of Alphabet during the 3rd quarter worth approximately $38,000. Finally, IAG Wealth Partners LLC lifted its stake 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 acquiring an additional 200 shares during the last quarter. 35.08% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
GOOGL has been the subject of a number of research analyst reports. TD Cowen raised their price target on Alphabet from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, July 13th. Rosenblatt Securities raised their price target on Alphabet from $132.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Piper Sandler decreased their price target on Alphabet from $148.00 to $147.00 and set an “overweight” rating for the company in a research note on Tuesday, October 3rd. UBS Group lowered Alphabet from a “buy” rating to a “neutral” rating and lifted their target price for the company from $123.00 to $132.00 in a research report on Monday, June 26th. Finally, Citigroup lifted their target price on Alphabet from $130.00 to $153.00 in a research report on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $143.86.
Alphabet Stock Up 1.9 %
Shares of GOOGL stock opened at $137.58 on Friday. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $139.16. The stock’s fifty day moving average price is $132.63 and its 200 day moving average price is $121.66. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.14. The company has a market cap of $1.73 trillion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 1.55 and a beta of 1.06.
Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its quarterly earnings results on Tuesday, July 25th. The information services provider reported $1.44 EPS 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 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 firm posted $1.21 EPS. On average, research analysts expect that Alphabet Inc. will post 5.68 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Alphabet news, CAO Amie Thuener O’toole sold 3,749 shares of Alphabet stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $136.28, for a total transaction of $510,913.72. Following the completion of the sale, the chief accounting officer now owns 25,568 shares of the company’s stock, valued at approximately $3,484,407.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 3,749 shares of Alphabet stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $136.28, for a total transaction of $510,913.72. Following the completion of the sale, the chief accounting officer now owns 25,568 shares of the company’s stock, valued at approximately $3,484,407.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $137.30, for a total value of $27,460.00. Following the completion of the transaction, the director now directly owns 7,584 shares of the company’s stock, valued at approximately $1,041,283.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 132,331 shares of company stock valued at $17,176,933. 0.88% of the stock is owned by company insiders.
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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