4J Wealth Management LLC Buys 13,418 Shares of Alphabet Inc. (NASDAQ:GOOG)

4J Wealth Management LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,868.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,136 shares of the information services provider’s stock after purchasing an additional 13,418 shares during the period. 4J Wealth Management LLC’s holdings in Alphabet were worth $1,359,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DC Investments Management LLC bought a new stake in Alphabet in the first quarter worth about $115,000. Guardian Wealth Management Inc. bought a new stake in Alphabet in the first quarter worth about $184,000. Turim 21 Investimentos Ltda. lifted its stake in Alphabet by 10.8% in the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after purchasing an additional 8 shares during the last quarter. OneAscent Financial Services LLC bought a new stake in Alphabet in the second quarter worth about $203,000. Finally, Aspireon Wealth Advisors bought a new stake in Alphabet in the second quarter worth about $212,000. Institutional investors own 28.69% of the company’s stock.

Insider Activity at Alphabet

In related news, Director Ann Mather sold 280 shares of the business’s 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 completion of the transaction, the director now directly owns 11,200 shares in the company, valued at $1,156,176. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, Director Ann Mather sold 280 shares of Alphabet stock in a transaction on 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 owns 11,200 shares of the company’s stock, valued at $1,156,176. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction on 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 transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at approximately $2,289,870.30. The disclosure for this sale can be found here. Over the last three months, insiders acquired 1,461,702 shares of company stock worth $36,999,217 and sold 190,744 shares worth $8,564,640. 12.99% of the stock is currently owned by insiders.

Alphabet Trading Up 5.7 %

NASDAQ:GOOG opened at $99.28 on Friday. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $152.10. The firm has a fifty day simple moving average of $93.52 and a 200-day simple moving average of $102.16. 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 $1.28 trillion, a P/E ratio of 19.72, a PEG ratio of 1.63 and a beta of 1.08.

Alphabet (NASDAQ:GOOGGet Rating) last posted its earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The business had revenue of $69.09 billion for the quarter, compared to analyst estimates of $70.67 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GOOG shares. Raymond James reduced their target price on shares of Alphabet from $143.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. The Goldman Sachs Group set a $135.00 target price on shares of Alphabet in a research report on Friday, November 18th. Cowen cut their price objective on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, January 11th. JPMorgan Chase & Co. set a $115.00 price objective on shares of Alphabet in a report on Wednesday, October 26th. Finally, Piper Sandler cut their price objective on shares of Alphabet from $135.00 to $122.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.56.

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:GOOG)

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