London & Capital Asset Management Ltd Acquires New Holdings in Alphabet Inc. (NASDAQ:GOOGL)

London & Capital Asset Management Ltd acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 50,874 shares of the information services provider’s stock, valued at approximately $4,866,000.

A number of other institutional investors have also made changes to their positions in GOOGL. IAG Wealth Partners LLC grew its holdings in Alphabet by 3,275.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock valued at $26,000 after buying an additional 262 shares during the last quarter. Artemis Wealth Advisors LLC grew its holdings in Alphabet by 1,900.0% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after buying an additional 266 shares during the last quarter. Laurel Wealth Planning LLC grew its holdings in Alphabet by 1,900.0% in the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after buying an additional 285 shares during the last quarter. Coston McIsaac & Partners grew its holdings in Alphabet by 1,900.0% in the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock valued at $30,000 after buying an additional 304 shares during the last quarter. Finally, Horizons Wealth Management acquired a new stake in Alphabet in the 2nd quarter valued at approximately $33,000. 34.06% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In related news, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was acquired at an average price of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the acquisition, the insider now owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, insider John Kent Walker sold 11,313 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 41,970 shares of the company’s stock, valued at $4,197,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was acquired at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the purchase, the insider now owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 74,245 shares of company stock worth $7,174,078. 11.44% of the stock is owned by insiders.

Alphabet Trading Up 4.4 %

NASDAQ GOOGL opened at $100.32 on Friday. The stock has a 50-day simple moving average of $94.79 and a 200 day simple moving average of $96.32. The company has a market capitalization of $1.28 trillion, a PE ratio of 22.04, a P/E/G ratio of 1.26 and a beta of 1.09. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. 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 quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). The company 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 quarter in the prior year, the company posted $1.53 EPS. Research analysts forecast that Alphabet Inc. will post 5.12 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on GOOGL shares. StockNews.com began coverage on Alphabet in a report on Thursday. They issued a “hold” rating on the stock. Rosenblatt Securities decreased their price objective on Alphabet from $130.00 to $128.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. Truist Financial decreased their price objective on Alphabet from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. JMP Securities reissued a “market outperform” rating and set a $132.00 price objective on shares of Alphabet in a report on Thursday. Finally, KeyCorp decreased their price objective on Alphabet from $118.00 to $117.00 and set an “overweight” rating on the stock in a report on Monday, January 30th. Five investment analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company 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.