Redhawk Wealth Advisors Inc. Increases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Redhawk Wealth Advisors Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,881.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,052 shares of the information services provider’s stock after buying an additional 4,797 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Alphabet were worth $483,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. IAG Wealth Partners LLC increased its holdings in Alphabet by 3,275.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after purchasing an additional 262 shares during the last quarter. Artemis Wealth Advisors LLC increased its holdings in Alphabet by 1,900.0% during 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 during the last quarter. Horizons Wealth Management purchased a new stake in Alphabet during the 2nd quarter worth approximately $33,000. Schubert & Co increased its holdings in Alphabet by 1,200.0% during 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 during the last quarter. Finally, Carolina Wealth Advisors LLC increased its holdings in Alphabet by 1,900.0% during 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 during the last quarter. 34.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In related news, major shareholder 2021 Gp L.L.C. Gv bought 277,493 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were bought at an average cost of $36.01 per share, with a total value of $9,992,522.93. Following the completion of the transaction, the insider now directly owns 870,895 shares of the company’s stock, valued at $31,360,928.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder 2021 Gp L.L.C. Gv bought 277,493 shares of Alphabet stock in a transaction dated Friday, November 4th. The stock was acquired at an average cost of $36.01 per share, with a total value of $9,992,522.93. Following the completion of the acquisition, the insider now directly owns 870,895 shares in the company, valued at approximately $31,360,928.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 661,702 shares of company stock valued at $23,399,217 and have sold 190,464 shares valued at $8,535,735. Company insiders own 11.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GOOGL. KeyCorp decreased their target price on Alphabet from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, October 25th. Tigress Financial decreased their target price on Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a research report on Friday, January 6th. Susquehanna Bancshares decreased their target price on Alphabet from $150.00 to $120.00 and set a “positive” rating for the company in a research report on Wednesday, October 26th. Atlantic Securities decreased their target price on Alphabet to $115.00 in a research report on Thursday, October 27th. Finally, Credit Suisse Group decreased their target price on Alphabet from $134.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Five investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.13.

Alphabet Stock Up 1.8 %

GOOGL opened at $99.79 on Tuesday. 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. The stock’s fifty day moving average is $93.12 and its 200-day moving average is $101.49. The company has a market capitalization of $1.29 trillion, a PE ratio of 19.82, a P/E/G ratio of 1.72 and a beta of 1.09.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings data 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). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The firm had revenue of $57.27 billion during the quarter, compared to the consensus estimate of $58.36 billion. During the same period in the prior year, the firm posted $1.40 EPS. On average, equities analysts predict that Alphabet Inc. will post 4.68 EPS for the current fiscal year.

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.