Unique Wealth LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 52.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,745 shares of the information services provider’s stock after buying an additional 1,296 shares during the period. Unique Wealth LLC’s holdings in Alphabet were worth $448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Spreng Capital Management Inc. grew its holdings in Alphabet by 4.0% during the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock worth $364,000 after acquiring an additional 5 shares in the last quarter. West Family Investments Inc. grew its holdings in Alphabet by 0.3% during the 1st quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock worth $4,878,000 after acquiring an additional 6 shares in the last quarter. Maple Capital Management Inc. grew its holdings in Alphabet by 2.1% during the 1st quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock worth $823,000 after acquiring an additional 6 shares in the last quarter. Private Advisory Group LLC boosted its holdings in shares of Alphabet by 1.8% in the 1st quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock valued at $1,115,000 after buying an additional 7 shares in the last quarter. Finally, Weik Capital Management boosted its holdings in shares of Alphabet by 0.5% in the 1st quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock valued at $4,264,000 after buying an additional 8 shares in the last quarter. Institutional investors own 35.08% of the company’s stock.
Insider Activity at Alphabet
In related news, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $133.82, for a total value of $2,152,227.06. Following the sale, the senior vice president now owns 75,621 shares of the company’s stock, valued at approximately $10,119,602.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Alphabet news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $139.93, for a total transaction of $27,986.00. Following the sale, the director now owns 7,384 shares of the company’s stock, valued at approximately $1,033,243.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $133.82, for a total transaction of $2,152,227.06. Following the sale, the senior vice president now directly owns 75,621 shares in the company, valued at approximately $10,119,602.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,291 shares of company stock valued at $13,555,462. 0.88% of the stock is owned by company insiders.
Alphabet Price Performance
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.12. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. The firm had revenue of $74.60 billion for the quarter, compared to analysts’ expectations of $60.24 billion. During the same quarter last year, the company earned $1.21 EPS. Equities research analysts forecast that Alphabet Inc. will post 5.68 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Sanford C. Bernstein raised their price target on shares of Alphabet from $130.00 to $135.00 in a report on Wednesday, July 26th. Credit Suisse Group raised their price target on shares of Alphabet from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, July 17th. UBS Group cut shares of Alphabet from a “buy” rating to a “neutral” rating and raised their price target for the company from $123.00 to $132.00 in a report on Monday, June 26th. Robert W. Baird raised their price target on shares of Alphabet from $123.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, July 21st. Finally, Citigroup raised their price target on shares of Alphabet from $130.00 to $153.00 in a report on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.00.
Check Out Our Latest Stock 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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