Neumann Capital Management LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 0.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 47,520 shares of the information services provider’s stock after acquiring an additional 370 shares during the period. Alphabet comprises 3.0% of Neumann Capital Management LLC’s portfolio, making the stock its 10th biggest position. Neumann Capital Management LLC’s holdings in Alphabet were worth $8,996,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of GOOGL. Axxcess Wealth Management LLC lifted its stake in shares of Alphabet by 10.9% during the 2nd quarter. Axxcess Wealth Management LLC now owns 203,376 shares of the information services provider’s stock worth $36,306,000 after acquiring an additional 19,961 shares during the last quarter. L & S Advisors Inc increased its holdings in Alphabet by 77.3% during the 2nd quarter. L & S Advisors Inc now owns 106,052 shares of the information services provider’s stock worth $19,317,000 after purchasing an additional 46,223 shares during the period. Foresight Global Investors Inc. increased its holdings in Alphabet by 14.3% during the 2nd quarter. Foresight Global Investors Inc. now owns 8,972 shares of the information services provider’s stock worth $1,634,000 after purchasing an additional 1,125 shares during the period. DecisionPoint Financial LLC increased its holdings in Alphabet by 25.0% during the 2nd quarter. DecisionPoint Financial LLC now owns 1,211 shares of the information services provider’s stock worth $208,000 after purchasing an additional 242 shares during the period. Finally, Turiya Advisors Asia Ltd purchased a new position in Alphabet during the 2nd quarter worth $109,836,000. 40.03% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Alphabet news, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the sale, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. This trade represents a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,887 shares of company stock valued at $22,470,464. 11.55% of the stock is owned by company insiders.
Alphabet Stock Performance
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter in the prior year, the firm posted $1.55 EPS. On average, equities analysts expect that Alphabet Inc. will post 8.02 EPS for the current year.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Morgan Stanley raised their price objective on Alphabet from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Wedbush raised their price objective on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus raised their price objective on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Nine analysts have rated the stock with a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $209.82.
Check Out Our Latest Report on GOOGL
Alphabet 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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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