Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Navis Wealth Advisors LLC

Navis Wealth Advisors LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,900.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,220 shares of the information services provider’s stock after purchasing an additional 4,009 shares during the period. Navis Wealth Advisors LLC’s holdings in Alphabet were worth $406,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. DC Investments Management LLC acquired a new stake in Alphabet in the first quarter worth approximately $115,000. Guardian Wealth Management Inc. acquired a new stake in shares of Alphabet during the 1st quarter valued at $184,000. Turim 21 Investimentos Ltda. lifted its position in shares of Alphabet by 10.8% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after acquiring an additional 8 shares during the last quarter. OneAscent Financial Services LLC acquired a new stake in shares of Alphabet during the 2nd quarter valued at $203,000. Finally, Aspireon Wealth Advisors acquired a new stake in shares of Alphabet during the 2nd quarter valued at $212,000. 28.69% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 0.4 %

NASDAQ GOOG opened at $91.78 on Thursday. Alphabet Inc. has a 1-year low of $83.45 and a 1-year high of $152.10. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.19 trillion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. The firm’s fifty day simple moving average is $93.38 and its 200-day simple moving average is $102.47.

Alphabet (NASDAQ:GOOGGet Rating) last posted 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 $69.09 billion during the quarter, compared to analyst estimates of $70.67 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $1.40 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alphabet news, Director Ann Mather sold 280 shares of the stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the transaction, the director now directly owns 11,200 shares of the company’s stock, valued at $1,156,176. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, Director Ann Mather sold 280 shares of the stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the transaction, the director now directly owns 11,200 shares of the company’s stock, valued at $1,156,176. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of the stock in a transaction on Monday, October 24th. The shares were acquired at an average cost of $17.00 per share, for a total transaction of $13,600,000.00. Following the completion of the transaction, the insider now directly owns 11,522,248 shares of the company’s stock, valued at $195,878,216. The disclosure for this purchase can be found here. Over the last three months, 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. Company insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of recent research reports. Sanford C. Bernstein set a $120.00 price objective on Alphabet in a research report on Thursday, January 12th. Piper Sandler cut their price objective on Alphabet from $135.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, October 26th. Cowen cut their price objective on Alphabet from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Jefferies Financial Group set a $125.00 target price on shares of Alphabet in a research note on Monday, January 9th. Finally, Credit Suisse Group set a $128.00 target price on shares of Alphabet in a research note on Wednesday, October 26th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.88.

Alphabet Company 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:GOOG)

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