Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by AJ Wealth Strategies LLC

AJ Wealth Strategies LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,860.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,881 shares of the information services provider’s stock after buying an additional 32,153 shares during the period. AJ Wealth Strategies LLC’s holdings in Alphabet were worth $3,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bornite Capital Management LP acquired a new stake in Alphabet in the 1st quarter valued at approximately $16,688,000. Markel Corp increased its holdings in Alphabet by 17.0% in the 1st quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock valued at $43,110,000 after purchasing an additional 2,250 shares during the last quarter. United Bank increased its holdings in Alphabet by 5.9% in the 1st quarter. United Bank now owns 2,033 shares of the information services provider’s stock valued at $5,654,000 after purchasing an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Alphabet by 23.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock valued at $900,929,000 after purchasing an additional 61,427 shares during the last quarter. Finally, Dakota Wealth Management increased its holdings in Alphabet by 20.4% in the 1st quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock valued at $25,806,000 after purchasing an additional 1,570 shares during the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder 2021 Gp L.L.C. Gv acquired 277,493 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The shares were purchased at an average price of $36.01 per share, with a total value of $9,992,522.93. Following the completion of the acquisition, the insider now owns 870,895 shares in the company, valued at $31,360,928.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $101.13, for a total transaction of $86,466.15. Following the sale, the chief accounting officer now owns 24,908 shares of the company’s stock, valued at $2,518,946.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder 2021 Gp L.L.C. Gv purchased 277,493 shares of Alphabet stock in a transaction on Friday, November 4th. The stock was acquired at an average cost of $36.01 per share, for a total transaction of $9,992,522.93. Following the acquisition, the insider now directly owns 870,895 shares of the company’s stock, valued at $31,360,928.95. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 661,702 shares of company stock valued at $23,399,217 and have sold 190,464 shares valued at $8,535,735. 11.44% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GOOGL. Sanford C. Bernstein decreased their price target on shares of Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. MKM Partners decreased their price target on shares of Alphabet from $140.00 to $134.00 and set a “buy” rating for the company in a research report on Wednesday, October 19th. Bank of America decreased their price target on shares of Alphabet from $125.00 to $114.00 and set a “buy” rating for the company in a research report on Tuesday, October 4th. Rosenblatt Securities decreased their price target on shares of Alphabet from $156.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Finally, KeyCorp decreased their price target on shares of Alphabet from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, October 25th. Five equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $132.13.

Alphabet Trading Down 2.1 %

Shares of Alphabet stock opened at $97.70 on Wednesday. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $151.55. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. The company’s 50-day simple moving average is $93.10 and its 200-day simple moving average is $101.38. The firm has a market cap of $1.26 trillion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its quarterly 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). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The firm had revenue of $57.27 billion for the quarter, compared to analyst estimates of $58.36 billion. During the same quarter last year, the firm earned $1.40 earnings per share. As a group, equities research analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current year.

Alphabet Company Profile

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Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.