Woodard & Co. Asset Management Group Inc. ADV raised its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 32.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,136 shares of the information services provider’s stock after buying an additional 276 shares during the quarter. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Alphabet were worth $149,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. Spreng Capital Management Inc. grew its holdings in Alphabet by 4.0% in the first quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after purchasing an additional 5 shares during the period. West Family Investments Inc. grew its holdings in Alphabet by 0.3% in the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock valued at $4,878,000 after purchasing an additional 6 shares during the period. Maple Capital Management Inc. grew its holdings in Alphabet by 2.1% in the first quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock valued at $823,000 after purchasing an additional 6 shares during the period. Private Advisory Group LLC grew its holdings in Alphabet by 1.8% in the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock valued at $1,115,000 after purchasing an additional 7 shares during the period. Finally, Weik Capital Management grew its holdings in Alphabet by 0.5% in the first quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock valued at $4,264,000 after purchasing an additional 8 shares during the period. 35.08% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have commented on the company. Citigroup raised their price objective on Alphabet from $153.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Wolfe Research lifted their price target on Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Rosenblatt Securities lowered their price target on Alphabet from $174.00 to $172.00 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. Wedbush reaffirmed an “outperform” rating and issued a $160.00 price target on shares of Alphabet in a research note on Wednesday, January 31st. Finally, Susquehanna lifted their price target on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $153.65.
Insider Activity
In other news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $133.97, for a total transaction of $26,794.00. Following the completion of the sale, the director now directly owns 6,984 shares of the company’s stock, valued at approximately $935,646.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $133.97, for a total value of $26,794.00. Following the transaction, the director now owns 6,984 shares in the company, valued at approximately $935,646.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 425 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total transaction of $59,334.25. Following the completion of the transaction, the chief accounting officer now owns 27,259 shares in the company, valued at approximately $3,805,628.99. The disclosure for this sale can be found here. Insiders sold 207,800 shares of company stock valued at $29,529,164 in the last ninety days. Company insiders own 0.88% of the company’s stock.
Alphabet Price Performance
Shares of GOOGL opened at $137.14 on Friday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a twelve month low of $89.42 and a twelve month high of $153.78. The firm has a market capitalization of $1.72 trillion, a PE ratio of 23.64, a P/E/G ratio of 1.28 and a beta of 1.06. The stock’s 50 day moving average is $142.81 and its two-hundred day moving average is $136.85.
Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period in the previous year, the firm posted $1.05 EPS. Research analysts anticipate that Alphabet Inc. will post 6.78 earnings per share for the current year.
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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