Halbert Hargrove Global Advisors LLC Has $1.54 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,923.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,106 shares of the information services provider’s stock after buying an additional 15,310 shares during the quarter. Halbert Hargrove Global Advisors LLC’s holdings in Alphabet were worth $1,540,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GOOGL. Artemis Wealth Advisors LLC increased its position in Alphabet by 1,900.0% during the third quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock worth $27,000 after buying an additional 266 shares during the last quarter. Horizons Wealth Management bought a new stake in Alphabet during the second quarter valued at about $33,000. Schubert & Co boosted its holdings in Alphabet by 1,200.0% during the third quarter. Schubert & Co now owns 364 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 336 shares during the period. Carolina Wealth Advisors LLC boosted its holdings in Alphabet by 1,900.0% during the third quarter. Carolina Wealth Advisors LLC now owns 400 shares of the information services provider’s stock valued at $38,000 after acquiring an additional 380 shares during the period. Finally, Advocacy Wealth Management Services LLC boosted its holdings in Alphabet by 72.7% during the second quarter. Advocacy Wealth Management Services LLC now owns 19 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 8 shares during the period. 34.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GOOGL. KeyCorp decreased their price target on shares of Alphabet from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, October 25th. Tigress Financial decreased their price target on shares of Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a report on Friday, January 6th. Susquehanna decreased their price target on shares of Alphabet from $150.00 to $120.00 and set a “positive” rating for the company in a report on Wednesday, October 26th. New Street Research initiated coverage on shares of Alphabet in a research note on Wednesday, January 4th. They issued a “buy” rating and a $118.00 target price for the company. Finally, Rosenblatt Securities reduced their target price on shares of Alphabet from $156.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Five investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.00.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $90.85, for a total value of $77,676.75. Following the transaction, the chief accounting officer now directly owns 24,694 shares of the company’s stock, valued at $2,243,449.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total value of $1,992,719.25. Following the transaction, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $90.85, for a total transaction of $77,676.75. Following the transaction, the chief accounting officer now directly owns 24,694 shares in the company, valued at $2,243,449.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. Insiders own 11.44% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $92.12 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47. The firm has a market cap of $1.19 trillion, a P/E ratio of 18.29, a P/E/G ratio of 1.53 and a beta of 1.09. The firm has a 50 day simple moving average of $92.82 and a 200 day simple moving average of $102.19. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $151.55.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The company 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 period in the prior year, the business earned $1.40 EPS. Sell-side analysts predict that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

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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