Westwood Management Corp IL Has $35.47 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Westwood Management Corp IL lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,852.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 370,840 shares of the information services provider’s stock after buying an additional 351,848 shares during the quarter. Alphabet comprises 4.7% of Westwood Management Corp IL’s portfolio, making the stock its 9th largest position. Westwood Management Corp IL’s holdings in Alphabet were worth $35,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Spreng Capital Management Inc. lifted its position in Alphabet by 4.0% during the first quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after purchasing an additional 5 shares during the period. Grand Central Investment Group lifted its position in Alphabet by 1.4% during the second quarter. Grand Central Investment Group now owns 362 shares of the information services provider’s stock valued at $789,000 after purchasing an additional 5 shares during the period. Ignite Planners LLC lifted its position in Alphabet by 1.4% during the second quarter. Ignite Planners LLC now owns 351 shares of the information services provider’s stock valued at $834,000 after purchasing an additional 5 shares during the period. Kaizen Financial Strategies lifted its position in Alphabet by 0.7% during the second quarter. Kaizen Financial Strategies now owns 759 shares of the information services provider’s stock valued at $1,654,000 after purchasing an additional 5 shares during the period. Finally, West Family Investments Inc. lifted its position in Alphabet by 0.3% during the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock valued at $4,878,000 after purchasing an additional 6 shares during the period. Hedge funds and other institutional investors own 34.06% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $98.02 on Friday. The firm has a 50-day moving average price of $93.03 and a 200-day moving average price of $101.55. The firm has a market capitalization of $1.27 trillion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 1.62 and a beta of 1.09. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $151.55.

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

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of Alphabet from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday. New Street Research began coverage on shares of Alphabet in a research report on Wednesday, January 4th. They issued a “buy” rating and a $118.00 price target on the stock. Cowen decreased their price target on shares of Alphabet to $135.00 in a research report on Thursday, October 27th. The Goldman Sachs Group decreased their price target on shares of Alphabet to $135.00 in a research report on Thursday, October 27th. Finally, Robert W. Baird decreased their price target on shares of Alphabet to $120.00 in a research report on Thursday, October 27th. Five equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.13.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the sale, the chief accounting officer now owns 25,122 shares in the company, valued at approximately $2,289,870.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the sale, the chief accounting officer now owns 25,122 shares in the company, valued at approximately $2,289,870.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of Alphabet stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $38.64, for a total transaction of $4,149,665.52. The disclosure for this sale can be found here. In the last quarter, insiders bought 1,461,702 shares of company stock worth $36,999,217 and sold 190,744 shares worth $8,564,640. Company insiders own 11.44% of the company’s stock.

About Alphabet

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLGet Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.