Alphabet Inc. (NASDAQ:GOOGL) Major Shareholder Purchases $456,164.16 in Stock

Alphabet Inc. (NASDAQ:GOOGLGet Rating) major shareholder 2021 Gp L.L.C. Gv purchased 13,528 shares of the firm’s stock in a transaction on Tuesday, May 24th. The stock was bought at an average price of $33.72 per share, for a total transaction of $456,164.16. Following the purchase, the insider now owns 593,402 shares in the company, valued at $20,009,515.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 purchased 255,647 shares of Alphabet stock. The stock was bought at an average price of $34.65 per share, for a total transaction of $8,858,168.55.

Alphabet stock traded down $3.30 during mid-day trading on Wednesday, reaching $2,116.10. 2,011,098 shares of the company traded hands, compared to its average volume of 1,955,168. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.87 and a quick ratio of 2.85. Alphabet Inc. has a fifty-two week low of $2,037.69 and a fifty-two week high of $3,030.93. The company has a market capitalization of $1.39 trillion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 1.03 and a beta of 1.13. The firm’s fifty day moving average is $2,506.43 and its two-hundred day moving average is $2,693.65.

Alphabet’s stock is scheduled to split 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:GOOGLGet Rating) last released its quarterly earnings data 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 last year, the business posted $26.29 earnings per share. As a group, equities research analysts predict that Alphabet Inc. will post 112.62 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Wagner Wealth Management LLC boosted its holdings in shares of Alphabet by 4.5% during the third quarter. Wagner Wealth Management LLC now owns 92 shares of the information services provider’s stock worth $272,000 after purchasing an additional 4 shares during the period. Boltwood Capital Management boosted its holdings in shares of Alphabet by 0.3% during the fourth quarter. Boltwood Capital Management now owns 1,333 shares of the information services provider’s stock worth $3,862,000 after purchasing an additional 4 shares during the period. Latitude Advisors LLC boosted its holdings in shares of Alphabet by 0.4% during the fourth quarter. Latitude Advisors LLC now owns 1,108 shares of the information services provider’s stock worth $3,210,000 after purchasing an additional 4 shares during the period. Brave Asset Management Inc. boosted its holdings in shares of Alphabet by 0.6% during the fourth quarter. Brave Asset Management Inc. now owns 628 shares of the information services provider’s stock worth $1,819,000 after purchasing an additional 4 shares during the period. Finally, Smithbridge Asset Management Inc. DE boosted its holdings in shares of Alphabet by 1.5% during the fourth quarter. Smithbridge Asset Management Inc. DE now owns 263 shares of the information services provider’s stock worth $762,000 after purchasing an additional 4 shares during the period. Hedge funds and other institutional investors own 41.70% of the company’s stock.

A number of analysts have recently weighed in on the stock. Jefferies Financial Group reduced their target price on shares of Alphabet from $3,400.00 to $3,100.00 in a report on Tuesday. Wedbush reduced their target price on shares of Alphabet from $3,800.00 to $3,113.00 in a report on Wednesday, April 27th. StockNews.com downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a report on Friday, April 29th. Canaccord Genuity Group reduced their target price on shares of Alphabet from $3,500.00 to $3,300.00 and set a “buy” rating on the stock in a report on Wednesday, April 27th. Finally, Wolfe Research cut their price target on shares of Alphabet from $3,500.00 to $2,900.00 and set an “outperform” rating on the stock in a report on Wednesday, April 27th. Two investment analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $3,329.84.

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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