C M Bidwell & Associates Ltd. Has $871,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)

C M Bidwell & Associates Ltd. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,871.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,107 shares of the information services provider’s stock after buying an additional 8,645 shares during the quarter. C M Bidwell & Associates Ltd.’s holdings in Alphabet were worth $871,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. IAG Wealth Partners LLC grew its position in shares of Alphabet by 3,275.0% in the third quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. Artemis Wealth Advisors LLC grew its position in shares of Alphabet by 1,900.0% in the third quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 266 shares during the last quarter. Laurel Wealth Planning LLC grew its position in shares of Alphabet by 1,900.0% in the third quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 285 shares during the last quarter. Coston McIsaac & Partners grew its position in shares of 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 purchasing an additional 304 shares during the last quarter. Finally, Horizons Wealth Management acquired a new stake in Alphabet during the second quarter worth approximately $33,000. Institutional investors and hedge funds own 34.06% of the company’s stock.

Alphabet Stock Up 0.5 %

Shares of NASDAQ:GOOGL opened at $91.11 on Tuesday. The company has a market capitalization of $1.17 trillion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 1.25 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34. The business’s 50-day moving average is $94.25 and its 200-day moving average is $96.41. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $143.79.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). The business had revenue of $76.05 billion during the quarter, compared to analyst estimates 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 firm earned $1.53 earnings per share. Equities research analysts predict that Alphabet Inc. will post 5.12 earnings per share for the current year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GOOGL. Loop Capital increased their price target on Alphabet from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. Morgan Stanley boosted their price target on Alphabet from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Truist Financial reduced their price objective on shares of Alphabet from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. KeyCorp dropped their target price on shares of Alphabet from $118.00 to $117.00 and set an “overweight” rating for the company in a research report on Monday, January 30th. Finally, Mizuho reduced their price target on shares of Alphabet from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, November 30th. Five investment analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.32.

Alphabet Company 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.