Steward Partners Investment Advisory LLC Has $111.84 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Steward Partners Investment Advisory LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,211 shares of the information services provider’s stock after acquiring an additional 1,857 shares during the quarter. Alphabet accounts for about 1.7% of Steward Partners Investment Advisory LLC’s investment portfolio, making the stock its 4th largest holding. Steward Partners Investment Advisory LLC’s holdings in Alphabet were worth $111,841,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Morling Financial Advisors LLC purchased a new position in Alphabet during the fourth quarter valued at approximately $29,000. West Bancorporation Inc. purchased a new position in Alphabet during the fourth quarter valued at approximately $29,000. Wealthgate Family Office LLC purchased a new position in Alphabet during the fourth quarter valued at approximately $32,000. NS Partners Ltd purchased a new position in Alphabet during the fourth quarter valued at approximately $41,000. Finally, Schubert & Co purchased a new position in Alphabet during the fourth quarter valued at approximately $43,000. 41.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on GOOGL shares. Stifel Nicolaus set a $155.00 price target on shares of Alphabet in a report on Monday, July 18th. JMP Securities lowered their target price on shares of Alphabet from $165.00 to $160.00 and set a “market outperform” rating on the stock in a report on Thursday, June 30th. JPMorgan Chase & Co. lowered their target price on shares of Alphabet from $160.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, June 29th. Jefferies Financial Group lowered their target price on shares of Alphabet from $155.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, UBS Group lowered their target price on shares of Alphabet from $133.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.08.

Alphabet Stock Up 7.7 %

NASDAQ:GOOGL opened at $113.06 on Thursday. Alphabet Inc. has a 1-year low of $101.88 and a 1-year high of $151.55. The company has a 50-day moving average of $154.24 and a 200 day moving average of $139.07. The firm has a market cap of $1.49 trillion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.10. 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 (NASDAQ:GOOGLGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.11). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same quarter in the previous year, the business earned $27.26 earnings per share. As a group, research analysts anticipate that Alphabet Inc. will post 5.37 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 490 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $2,335.30, for a total transaction of $1,144,297.00. Following the completion of the sale, the senior vice president now directly owns 497 shares of the company’s stock, valued at $1,160,644.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 490 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $2,335.30, for a total transaction of $1,144,297.00. Following the completion of the sale, the senior vice president now directly owns 497 shares of the company’s stock, valued at $1,160,644.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 42 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $2,335.30, for a total transaction of $98,082.60. Following the sale, the chief accounting officer now directly owns 1,170 shares of the company’s stock, valued at $2,732,301. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,039 shares of company stock valued at $12,649,005. 11.44% of the stock is currently owned by insiders.

About Alphabet

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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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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