Jamison Private Wealth Management Inc. raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 8.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,879 shares of the information services provider’s stock after acquiring an additional 562 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Alphabet were worth $1,141,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Riverview Trust Co increased its stake in Alphabet by 3.2% in the 1st quarter. Riverview Trust Co now owns 7,758 shares of the information services provider’s stock valued at $1,171,000 after purchasing an additional 240 shares in the last quarter. Mechanics Bank Trust Department increased its stake in Alphabet by 1.9% in the 1st quarter. Mechanics Bank Trust Department now owns 133,661 shares of the information services provider’s stock valued at $20,173,000 after purchasing an additional 2,430 shares in the last quarter. West Coast Financial LLC grew its holdings in Alphabet by 1.9% during the 1st quarter. West Coast Financial LLC now owns 134,101 shares of the information services provider’s stock valued at $20,240,000 after buying an additional 2,437 shares during the last quarter. Fermata Advisors LLC grew its holdings in Alphabet by 36.8% during the 1st quarter. Fermata Advisors LLC now owns 5,809 shares of the information services provider’s stock valued at $877,000 after buying an additional 1,563 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its holdings in Alphabet by 2.7% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 142,098 shares of the information services provider’s stock valued at $21,447,000 after buying an additional 3,708 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the sale, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total value of $3,652,875.00. Following the sale, the chief executive officer now directly owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the sale, the chief accounting officer now owns 31,334 shares in the company, valued at approximately $5,264,112. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 220,426 shares of company stock valued at $35,993,340. 11.55% of the stock is currently owned by insiders.
Alphabet Stock Performance
Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04. The firm had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same period in the prior year, the firm earned $1.44 earnings per share. Research analysts anticipate that Alphabet Inc. will post 7.64 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have commented on GOOGL. Argus increased their target price on Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Pivotal Research upgraded Alphabet to a “strong-buy” rating in a report on Tuesday, October 1st. Truist Financial raised their price objective on Alphabet from $196.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Tigress Financial raised their price objective on Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 26th. Finally, TD Securities lifted their target price on Alphabet from $200.00 to $220.00 in a report on Wednesday, July 10th. Eight analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.76.
Get Our Latest Stock Analysis on Alphabet
Alphabet Company Profile
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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