Stephens Inc. AR Has $54.68 Million Position in Alphabet Inc. $GOOGL

Stephens Inc. AR lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 310,293 shares of the information services provider’s stock after purchasing an additional 23,740 shares during the quarter. Alphabet accounts for 0.7% of Stephens Inc. AR’s holdings, making the stock its 21st biggest holding. Stephens Inc. AR’s holdings in Alphabet were worth $54,683,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GOOGL. Guardian Wealth Management Inc. boosted its stake in Alphabet by 242.9% in the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock valued at $26,000 after buying an additional 119 shares in the last quarter. von Borstel & Associates Inc. acquired a new stake in shares of Alphabet in the 1st quarter valued at approximately $28,000. IMA Advisory Services Inc. acquired a new stake in shares of Alphabet in the 1st quarter valued at approximately $28,000. NBZ Investment Advisors LLC boosted its position in Alphabet by 85.7% in the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after buying an additional 90 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new stake in Alphabet in the first quarter valued at approximately $39,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, September 8th. Roth Capital lifted their price target on shares of Alphabet from $210.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Barclays reiterated an “overweight” rating and set a $315.00 price target (up previously from $250.00) on shares of Alphabet in a report on Thursday. UBS Group reaffirmed a “neutral” rating and set a $306.00 target price (up from $255.00) on shares of Alphabet in a report on Thursday. Finally, Rosenblatt Securities lifted their price objective on Alphabet from $224.00 to $279.00 and gave the stock a “neutral” rating in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $301.32.

Alphabet Trading Up 2.5%

GOOGL opened at $281.48 on Friday. The firm has a market capitalization of $3.40 trillion, a PE ratio of 27.76, a P/E/G ratio of 1.86 and a beta of 1.00. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $291.59. The company’s 50-day moving average is $242.49 and its 200 day moving average is $198.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The business had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%. As a group, research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the sale, the insider owned 42,985 shares in the company, valued at $10,635,348.70. This trade represents a 29.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $242.92, for a total value of $145,752.00. Following the completion of the sale, the director directly owned 5,116 shares of the company’s stock, valued at $1,242,778.72. This represents a 10.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 246,150 shares of company stock worth $55,805,379 over the last 90 days. Corporate insiders own 11.64% of the company’s stock.

Alphabet 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.