Atlas Private Wealth Advisors acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 154 shares of the information services provider’s stock, valued at approximately $446,000.
Several other large investors have also recently modified their holdings of GOOGL. Boltwood Capital Management grew its holdings in shares of Alphabet by 0.3% during the 4th 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 in the last quarter. Latitude Advisors LLC lifted its position in shares of Alphabet by 0.4% during the 4th quarter. Latitude Advisors LLC now owns 1,108 shares of the information services provider’s stock worth $3,210,000 after buying an additional 4 shares during the period. Brave Asset Management Inc. raised its position in Alphabet by 0.6% in the 4th quarter. Brave Asset Management Inc. now owns 628 shares of the information services provider’s stock valued at $1,819,000 after purchasing an additional 4 shares during the last quarter. Smithbridge Asset Management Inc. DE raised its position in Alphabet by 1.5% in the 4th quarter. Smithbridge Asset Management Inc. DE now owns 263 shares of the information services provider’s stock valued at $762,000 after purchasing an additional 4 shares during the last quarter. Finally, Affinity Capital Advisors LLC raised its position in Alphabet by 1.3% in the 4th quarter. Affinity Capital Advisors LLC now owns 310 shares of the information services provider’s stock valued at $898,000 after purchasing an additional 4 shares during the last quarter. Institutional investors and hedge funds own 41.70% of the company’s stock.
In related news, major shareholder 2016 Gp L.L.C. Gv sold 544,249 shares of Alphabet stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $11.16, for a total value of $6,073,818.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 33 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $2,348.39, for a total transaction of $77,496.87. Following the sale, the director now owns 78 shares of the company’s stock, valued at approximately $183,174.42. The disclosure for this sale can be found here. Insiders sold 550,357 shares of company stock valued at $21,855,978 over the last quarter. Company insiders own 11.44% of the company’s stock.
Alphabet’s stock is going to split on Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly issued shares will be distributed to shareholders after the market closes on Friday, July 15th.
Alphabet (NASDAQ:GOOGL – Get Rating) last posted its earnings results on Tuesday, April 26th. The information services provider reported $24.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $25.70 by ($1.08). The firm had revenue of $56.02 billion during the quarter, compared to analyst estimates of $56.17 billion. Alphabet had a net margin of 27.57% and a return on equity of 30.18%. During the same quarter in the prior year, the firm earned $26.29 earnings per share. As a group, analysts expect that Alphabet Inc. will post 110.83 EPS for the current fiscal year.
A number of equities research analysts recently commented on GOOGL shares. Wolfe Research decreased their price objective on Alphabet from $3,500.00 to $2,900.00 and set an “outperform” rating for the company in a research note on Wednesday, April 27th. Barclays cut their price target on Alphabet from $3,300.00 to $3,200.00 and set an “overweight” rating on the stock in a report on Wednesday, April 27th. Tigress Financial upped their target price on Alphabet from $3,540.00 to $3,670.00 and gave the stock a “strong-buy” rating in a report on Friday, March 18th. Evercore ISI dropped their target price on Alphabet from $3,500.00 to $3,300.00 and set an “outperform” rating on the stock in a report on Wednesday, April 27th. Finally, JMP Securities restated a “buy” rating and issued a $3,300.00 price objective on shares of Alphabet in a research note on Wednesday, May 25th. One equities research analyst has rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Alphabet has a consensus rating of “Buy” and a consensus target price of $3,297.86.
Alphabet Profile (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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