Falcon Wealth Planning Has $572,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Falcon Wealth Planning increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2,116.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,984 shares of the information services provider’s stock after acquiring an additional 5,714 shares during the quarter. Falcon Wealth Planning’s holdings in Alphabet were worth $572,000 at the end of the most recent quarter.

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

Alphabet Stock Performance

GOOGL stock opened at $95.13 on Tuesday. The firm has a market cap of $1.22 trillion, a PE ratio of 20.90, a P/E/G ratio of 1.29 and a beta of 1.09. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average of $93.77 and a 200-day moving average of $97.21. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $143.79.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.09). The business had revenue of $76.05 billion during the quarter, compared to the consensus estimate of $63.15 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. During the same period in the prior year, the company earned $1.53 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 5.12 earnings per share for the current year.

Insider Activity

In related news, insider John Kent Walker sold 11,313 shares of the company’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $100.00, for a total value of $1,131,300.00. Following the transaction, the insider now owns 41,970 shares in the company, valued at $4,197,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total value of $77,933.25. Following the sale, the chief accounting officer now owns 25,122 shares in the company, valued at $2,289,870.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Kent Walker sold 11,313 shares of the stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $100.00, for a total value of $1,131,300.00. Following the completion of the sale, the insider now owns 41,970 shares in the company, valued at approximately $4,197,000. The disclosure for this sale can be found here. Insiders sold a total of 36,745 shares of company stock valued at $3,424,078 over the last three months. Corporate insiders own 11.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GOOGL shares. Mizuho lowered their price target on Alphabet from $140.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, November 30th. Needham & Company LLC restated a “buy” rating and issued a $115.00 price target on shares of Alphabet in a research note on Friday, February 3rd. Credit Suisse Group cut their price objective on Alphabet from $145.00 to $136.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Barclays lifted their price target on Alphabet from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $130.00 price target on shares of Alphabet in a report on Friday, February 10th. Five analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $132.32.

About Alphabet

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.