Bard Financial Services Inc. Has $6.16 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Bard Financial Services Inc. increased its holdings in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,910.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,445 shares of the information services provider’s stock after acquiring an additional 61,240 shares during the period. Bard Financial Services Inc.’s holdings in Alphabet were worth $6,164,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Artemis Wealth Advisors LLC grew its holdings 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 valued at $27,000 after purchasing an additional 266 shares during the period. Horizons Wealth Management bought a new position in Alphabet during the second quarter valued at $33,000. Schubert & Co boosted its holdings in shares of Alphabet by 1,200.0% in the third quarter. Schubert & Co now owns 364 shares of the information services provider’s stock worth $35,000 after acquiring an additional 336 shares during the period. Carolina Wealth Advisors LLC boosted its holdings in shares of Alphabet by 1,900.0% in the third quarter. Carolina Wealth Advisors LLC now owns 400 shares of the information services provider’s stock worth $38,000 after acquiring an additional 380 shares during the period. Finally, Cardinal Capital Management Inc. bought a new position in shares of Alphabet in the second quarter worth $41,000. Institutional investors own 34.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GOOGL shares. Susquehanna lowered their price objective on Alphabet from $150.00 to $120.00 and set a “positive” rating on the stock in a research report on Wednesday, October 26th. The Goldman Sachs Group lowered their price objective on Alphabet to $135.00 in a research report on Thursday, October 27th. New Street Research started coverage on Alphabet in a research report on Wednesday, January 4th. They issued a “buy” rating and a $118.00 price objective on the stock. Morgan Stanley increased their price objective on Alphabet from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Cowen lowered their price target on Alphabet to $135.00 in a research report on Thursday, October 27th. Five investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.13.

Insider Transactions at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of Alphabet stock in a transaction dated Monday, October 24th. The shares were acquired at an average cost of $17.00 per share, with a total value of $13,600,000.00. Following the completion of the transaction, the insider now owns 11,522,248 shares in the company, valued at approximately $195,878,216. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 25,122 shares in the company, valued at $2,289,870.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of the stock in a transaction on Monday, October 24th. The stock was purchased at an average price of $17.00 per share, with a total value of $13,600,000.00. Following the completion of the purchase, the insider now 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 purchased 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. Corporate insiders own 11.44% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $93.05 on Friday. The firm has a market cap of $1.20 trillion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.62 and a beta of 1.09. The firm’s 50 day simple moving average is $93.00 and its 200-day simple moving average is $101.63. Alphabet Inc. has a one year low of $83.34 and a one year high of $151.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its 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 company had revenue of $57.27 billion for the quarter, compared to analysts’ expectations of $58.36 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. During the same period last year, the business posted $1.40 earnings per share. As a group, equities analysts predict that Alphabet Inc. will post 4.68 EPS for the current 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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