Better Money Decisions LLC Raises Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Better Money Decisions LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,999.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,960 shares of the information services provider’s stock after acquiring an additional 2,819 shares during the quarter. Better Money Decisions LLC’s holdings in Alphabet were worth $283,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Spreng Capital Management Inc. lifted its position in Alphabet by 4.0% in the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock worth $364,000 after buying an additional 5 shares during the last quarter. Ignite Planners LLC raised its stake in shares of Alphabet by 1.4% during the second quarter. Ignite Planners LLC now owns 351 shares of the information services provider’s stock worth $834,000 after acquiring an additional 5 shares in the last quarter. Kaizen Financial Strategies lifted its holdings in shares of Alphabet by 0.7% in the 2nd quarter. Kaizen Financial Strategies now owns 759 shares of the information services provider’s stock worth $1,654,000 after acquiring an additional 5 shares during the last quarter. West Family Investments Inc. boosted its stake in shares of Alphabet by 0.3% in the 1st 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 in the last quarter. Finally, Maple Capital Management Inc. grew its holdings in shares of Alphabet by 2.1% during the 1st quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock valued at $823,000 after purchasing an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 34.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GOOGL. Susquehanna Bancshares lowered their price target on shares of Alphabet from $150.00 to $120.00 and set a “positive” rating for the company in a research note on Wednesday, October 26th. Atlantic Securities dropped their target price on Alphabet to $115.00 in a report on Thursday, October 27th. Truist Financial decreased their price target on Alphabet from $136.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Credit Suisse Group cut their target price on shares of Alphabet from $134.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Finally, Rosenblatt Securities lowered their price target on shares of Alphabet from $156.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Five investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.13.

Alphabet Price Performance

Shares of GOOGL opened at $97.70 on Wednesday. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $151.55. The company has a market capitalization of $1.26 trillion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. The firm has a 50 day moving average of $93.10 and a 200 day moving average of $101.38. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted its earnings results 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). The business 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 period in the previous year, the business posted $1.40 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv bought 277,493 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was acquired at an average price of $36.01 per share, with a total value of $9,992,522.93. Following the transaction, the insider now owns 870,895 shares in the company, valued at $31,360,928.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder 2021 Gp L.L.C. Gv purchased 277,493 shares of Alphabet stock in a transaction dated Friday, November 4th. The stock was purchased at an average cost of $36.01 per share, for a total transaction of $9,992,522.93. Following the completion of the purchase, the insider now directly owns 870,895 shares of the company’s stock, valued at approximately $31,360,928.95. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the stock in a transaction that occurred on 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. Over the last ninety days, insiders have acquired 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 currently owned by insiders.

About Alphabet

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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.