NBW Capital LLC Has $19.60 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

NBW Capital LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,287 shares of the information services provider’s stock after selling 3,109 shares during the period. Alphabet makes up 4.3% of NBW Capital LLC’s investment portfolio, making the stock its largest holding. NBW Capital LLC’s holdings in Alphabet were worth $19,597,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meritage Group LP grew its position in Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 276 shares during the last quarter. Macroview Investment Management LLC grew its holdings in shares of Alphabet by 165.8% during the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after buying an additional 199 shares during the last quarter. Armor Investment Advisors LLC increased its position in shares of Alphabet by 31.0% during the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 80 shares in the last quarter. Valued Wealth Advisors LLC purchased a new position in Alphabet in the 4th quarter worth approximately $55,000. Finally, LFA Lugano Financial Advisors SA lifted its position in Alphabet by 301.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock valued at $73,000 after acquiring an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares in the company, valued at approximately $4,009,032.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the transaction, the director now owns 5,891 shares of the company’s stock, valued at approximately $1,035,402.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The disclosure for this sale can be found here. Insiders sold a total of 253,439 shares of company stock worth $36,746,578 over the last three months. 0.88% of the stock is owned by insiders.

Analyst Ratings Changes

GOOGL has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their target price on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday. Truist Financial raised their target price on shares of Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley boosted their target price on shares of Alphabet from $165.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday. Wells Fargo & Company raised their price target on Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Rosenblatt Securities upped their price objective on Alphabet from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $187.82.

Alphabet Stock Up 10.2 %

Shares of GOOGL opened at $171.95 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05. Alphabet Inc. has a 1 year low of $103.54 and a 1 year high of $174.71. The business’s 50 day simple moving average is $147.85 and its 200-day simple moving average is $141.39.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same period last year, the company posted $1.05 EPS. As a group, equities analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

About Alphabet

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.