Twelve Points Wealth Management LLC Has $481,000 Stake in Alphabet Inc. (NASDAQ:GOOGL)

Twelve Points Wealth Management LLC increased its position in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,874.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,034 shares of the information services provider’s stock after purchasing an additional 4,779 shares during the period. Twelve Points Wealth Management LLC’s holdings in Alphabet were worth $481,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. Financial Enhancement Group LLC purchased a new stake in Alphabet in the 1st quarter worth approximately $31,000. Advocacy Wealth Management Services LLC lifted its position in Alphabet by 72.7% in the 2nd quarter. Advocacy Wealth Management Services LLC now owns 19 shares of the information services provider’s stock worth $41,000 after buying an additional 8 shares in the last quarter. Cardinal Capital Management Inc. purchased a new stake in Alphabet in the 2nd quarter worth approximately $41,000. Belmont Capital LLC lifted its position in Alphabet by 110.0% in the 2nd quarter. Belmont Capital LLC now owns 21 shares of the information services provider’s stock worth $46,000 after buying an additional 11 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in Alphabet in the 1st quarter worth approximately $94,000. Institutional investors and hedge funds own 34.06% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Alphabet news, Director Ann Mather sold 280 shares of the business’s stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total value of $28,904.40. Following the completion of the transaction, the director now directly owns 11,200 shares of the company’s stock, valued at $1,156,176. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 1,461,702 shares of company stock worth $36,999,217 and have sold 190,744 shares worth $8,564,640. Company insiders own 11.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GOOGL. StockNews.com began coverage on shares of Alphabet in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Citigroup cut their target price on shares of Alphabet from $140.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. MKM Partners cut their price target on shares of Alphabet from $140.00 to $134.00 and set a “buy” rating on the stock in a report on Wednesday, October 19th. Royal Bank of Canada cut their price target on shares of Alphabet from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Finally, Bank of America cut their price target on shares of Alphabet from $125.00 to $114.00 and set a “buy” rating on the stock in a report on Tuesday, October 4th. Five equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $132.00.

Alphabet Price Performance

NASDAQ:GOOGL opened at $87.34 on Friday. The firm has a market cap of $1.13 trillion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.09. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $151.55. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $92.64 and its two-hundred day moving average price is $102.95.

Alphabet (NASDAQ:GOOGLGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The firm had revenue of $57.27 billion during the quarter, compared to analyst estimates of $58.36 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. During the same quarter last year, the firm earned $1.40 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post 4.68 EPS for the current fiscal year.

Alphabet Profile

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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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