Sargent Investment Group LLC Boosts Stake in Alphabet Inc. (NASDAQ:GOOGL)

Sargent Investment Group LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 2,131.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,683 shares of the information services provider’s stock after buying an additional 18,801 shares during the quarter. Sargent Investment Group LLC’s holdings in Alphabet were worth $1,996,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IAG Wealth Partners LLC grew its position in Alphabet by 3,275.0% during the third quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after buying an additional 262 shares in the last quarter. Artemis Wealth Advisors LLC boosted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock worth $27,000 after purchasing an additional 266 shares in the last quarter. Horizons Wealth Management purchased a new position in shares of Alphabet in the 2nd quarter worth about $33,000. Schubert & Co boosted its holdings in shares of Alphabet by 1,200.0% in the 3rd quarter. Schubert & Co now owns 364 shares of the information services provider’s stock worth $35,000 after purchasing an additional 336 shares in the last quarter. Finally, Carolina Wealth Advisors LLC boosted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 400 shares of the information services provider’s stock worth $38,000 after purchasing an additional 380 shares in the last quarter. 34.06% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Up 5.3 %

Shares of NASDAQ:GOOGL opened at $98.02 on Monday. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $151.55. The firm has a market capitalization of $1.27 trillion, a P/E ratio of 19.47, a P/E/G ratio of 1.72 and a beta of 1.09. The stock has a 50 day moving average price of $93.03 and a 200-day moving average price of $101.55. 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 posted its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.19). The company had revenue of $57.27 billion during 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 quarter in the previous year, the company earned $1.40 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 4.68 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Prabhakar Raghavan sold 22,203 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total value of $1,992,719.25. Following the sale, the senior vice president now owns 76,579 shares in the company, valued at approximately $6,872,965.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 22,203 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the sale, the senior vice president now directly owns 76,579 shares in the company, valued at approximately $6,872,965.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $28,904.40. Following the sale, the director now owns 11,200 shares in the company, valued at $1,156,176. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 661,702 shares of company stock worth $23,399,217 and have sold 190,744 shares worth $8,564,640. 11.44% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GOOGL has been the subject of a number of research reports. Mizuho cut their price objective on Alphabet from $140.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, November 30th. StockNews.com initiated coverage on Alphabet in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Tigress Financial cut their price objective on Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a report on Friday, January 6th. Royal Bank of Canada cut their price objective on Alphabet from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Finally, Atlantic Securities lowered their target price on Alphabet to $115.00 in a research note on Thursday, October 27th. Five analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.13.

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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