2021 Gp L.L.C. Gv Purchases 13,528 Shares of Alphabet Inc. (NASDAQ:GOOG) Stock

Alphabet Inc. (NASDAQ:GOOGGet Rating) major shareholder 2021 Gp L.L.C. Gv purchased 13,528 shares of the stock in a transaction that occurred on Tuesday, May 24th. The stock was bought at an average price of $33.72 per share, with a total value of $456,164.16. Following the completion of the acquisition, the insider now owns 593,402 shares in the company, valued at approximately $20,009,515.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

2021 Gp L.L.C. Gv also recently made the following trade(s):

  • On Tuesday, May 10th, 2021 Gp L.L.C. Gv acquired 255,647 shares of Alphabet stock. The stock was purchased at an average cost of $34.65 per share, with a total value of $8,858,168.55.

Shares of NASDAQ GOOG traded down $1.73 during mid-day trading on Wednesday, reaching $2,116.79. 1,892,825 shares of the company traded hands, compared to its average volume of 1,578,284. Alphabet Inc. has a fifty-two week low of $2,044.16 and a fifty-two week high of $3,042.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.87 and a quick ratio of 2.85. The firm has a market cap of $1.39 trillion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.03 and a beta of 1.13. The stock has a fifty day simple moving average of $2,515.05 and a 200-day simple moving average of $2,700.62.

Shares of Alphabet are going to split before the market opens on Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly created shares will be distributed to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGGet Rating) last issued its earnings results on Tuesday, April 26th. The information services provider reported $24.62 earnings per share for the quarter, missing analysts’ consensus estimates of $25.51 by ($0.89). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same quarter in the prior year, the firm earned $26.29 EPS. As a group, analysts predict that Alphabet Inc. will post 112.62 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Hoese & Co LLP boosted its stake in Alphabet by 400.0% in the 4th quarter. Hoese & Co LLP now owns 10 shares of the information services provider’s stock worth $29,000 after purchasing an additional 8 shares during the period. Maryland Capital Advisors Inc. acquired a new position in Alphabet in the 4th quarter worth approximately $29,000. SWS Partners acquired a new position in Alphabet in the 1st quarter worth approximately $28,000. Rational Advisors LLC acquired a new position in Alphabet in the 1st quarter worth approximately $28,000. Finally, IAG Wealth Partners LLC boosted its stake in Alphabet by 120.0% in the 1st quarter. IAG Wealth Partners LLC now owns 11 shares of the information services provider’s stock worth $31,000 after purchasing an additional 6 shares during the period. Hedge funds and other institutional investors own 31.20% of the company’s stock.

A number of equities analysts have weighed in on GOOG shares. Raymond James decreased their price objective on shares of Alphabet from $3,630.00 to $3,180.00 in a research report on Wednesday, April 27th. Monness Crespi & Hardt upped their price objective on shares of Alphabet from $3,660.00 to $3,850.00 and gave the company a “buy” rating in a research report on Wednesday, February 2nd. Canaccord Genuity Group decreased their price objective on shares of Alphabet from $3,500.00 to $3,300.00 and set a “buy” rating for the company in a research report on Wednesday, April 27th. Canaccord Genuity Group upped their price objective on shares of Alphabet from $3,350.00 to $3,500.00 and gave the company a “buy” rating in a research report on Wednesday, February 2nd. Finally, Jefferies Financial Group increased their price target on shares of Alphabet from $3,500.00 to $3,600.00 and gave the stock a “buy” rating in a research report on Wednesday, February 2nd. One equities research analyst has rated the stock with a hold rating and thirty have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $3,308.77.

About Alphabet (Get Rating)

Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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