Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Eagle Bluffs Wealth Management LLC

Eagle Bluffs Wealth Management LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,944.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,139 shares of the information services provider’s stock after buying an additional 19,154 shares during the period. Alphabet comprises 2.2% of Eagle Bluffs Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. Eagle Bluffs Wealth Management LLC’s holdings in Alphabet were worth $1,926,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IAG Wealth Partners LLC lifted its position in shares of 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 purchasing an additional 262 shares in the last quarter. Artemis Wealth Advisors LLC lifted its position in shares of Alphabet by 1,900.0% during the third 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. Laurel Wealth Planning LLC lifted its position in shares of Alphabet by 1,900.0% during the third quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock worth $29,000 after purchasing an additional 285 shares in the last quarter. Coston McIsaac & Partners raised its holdings in Alphabet by 1,900.0% in the third quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 304 shares in the last quarter. Finally, Horizons Wealth Management acquired a new stake in Alphabet in the second quarter valued at $33,000. 34.06% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Down 1.8 %

Alphabet stock opened at $90.63 on Friday. The stock has a market capitalization of $1.16 trillion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 1.30 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. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $143.79. The company has a 50 day moving average of $94.19 and a 200-day moving average of $96.83.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.09). Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The company had revenue of $76.05 billion during the quarter, compared to the consensus estimate of $63.15 billion. During the same quarter in the previous year, the business earned $1.53 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 5.12 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In related news, SVP Prabhakar Raghavan sold 22,203 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 76,579 shares in the company, valued at approximately $6,872,965.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Prabhakar Raghavan sold 22,203 shares of Alphabet 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 completion of the sale, the senior vice president now owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann Mather sold 380 shares of the company’s stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total transaction of $33,911.20. Following the completion of the transaction, the director now owns 11,300 shares in the company, valued at $1,008,412. The disclosure for this sale can be found here. Insiders have sold a total of 36,745 shares of company stock worth $3,424,078 over the last ninety days. Insiders own 11.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GOOGL shares. Credit Suisse Group cut their price target on shares of Alphabet from $145.00 to $136.00 and set an “outperform” rating on the stock in a report on Friday, February 3rd. MKM Partners upped their price target on shares of Alphabet from $120.00 to $126.00 in a report on Friday, February 3rd. Bank of America upped their price target on shares of Alphabet from $116.00 to $119.00 and gave the company a “buy” rating in a report on Tuesday, January 31st. Barclays upped their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Finally, Roth Capital reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. Five investment analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $132.32.

Alphabet Profile

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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.