Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Baldwin Brothers LLC MA



Baldwin Brothers LLC MA raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 16,951 shares of the information services provider’s stock after purchasing an additional 195 shares during the period. Alphabet accounts for approximately 5.0% of Baldwin Brothers LLC MA’s investment portfolio, making the stock its 4th largest holding. Baldwin Brothers LLC MA’s holdings in Alphabet were worth $47,147,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of GOOGL. Boltwood Capital Management lifted its position in Alphabet by 0.3% during the fourth quarter. Boltwood Capital Management now owns 1,333 shares of the information services provider’s stock valued at $3,862,000 after buying an additional 4 shares in the last quarter. Latitude Advisors LLC lifted its position in Alphabet by 0.4% during the fourth quarter. Latitude Advisors LLC now owns 1,108 shares of the information services provider’s stock valued at $3,210,000 after buying an additional 4 shares in the last quarter. Brave Asset Management Inc. lifted its position in Alphabet by 0.6% during the fourth quarter. Brave Asset Management Inc. now owns 628 shares of the information services provider’s stock valued at $1,819,000 after buying an additional 4 shares in the last quarter. Smithbridge Asset Management Inc. DE lifted its position in Alphabet by 1.5% during the fourth quarter. Smithbridge Asset Management Inc. DE now owns 263 shares of the information services provider’s stock valued at $762,000 after buying an additional 4 shares in the last quarter. Finally, Affinity Capital Advisors LLC lifted its position in Alphabet by 1.3% during the fourth quarter. Affinity Capital Advisors LLC now owns 310 shares of the information services provider’s stock valued at $898,000 after buying an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 41.70% of the company’s stock.

A number of brokerages have weighed in on GOOGL. Evercore ISI reduced their price target on shares of Alphabet from $3,500.00 to $3,300.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 27th. Tigress Financial boosted their target price on shares of Alphabet from $3,540.00 to $3,670.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 18th. Stifel Nicolaus reduced their target price on shares of Alphabet from $3,500.00 to $3,100.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. Credit Suisse Group reduced their target price on shares of Alphabet from $3,450.00 to $3,400.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 27th. Finally, Moffett Nathanson reduced their target price on shares of Alphabet to $2,650.00 in a research report on Thursday, May 26th. One research analyst has rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $3,297.86.

In related news, Director John L. Hennessy sold 33 shares of the company’s stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $2,348.39, for a total value of $77,496.87. Following the completion of the sale, the director now owns 78 shares of the company’s stock, valued at $183,174.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2016 Gp LLC Gv sold 544,249 shares of the company’s stock in a transaction dated Monday, April 11th. The stock was sold at an average price of $11.16, for a total transaction of $6,073,818.84. The disclosure for this sale can be found here. Insiders have sold 550,357 shares of company stock valued at $21,855,978 in the last 90 days. Insiders own 11.44% of the company’s stock.

GOOGL stock opened at $2,359.50 on Friday. The firm has a fifty day moving average price of $2,291.15 and a two-hundred day moving average price of $2,587.43. The firm has a market cap of $1.55 trillion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.10 and a beta of 1.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.87 and a quick ratio of 2.85. Alphabet Inc. has a 1-year low of $2,037.69 and a 1-year high of $3,030.93.

Alphabet shares are set to split on the morning of Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly issued shares will be issued to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The information services provider reported $24.62 EPS for the quarter, missing the consensus estimate of $25.70 by ($1.08). The firm had revenue of $56.02 billion for the quarter, compared to the consensus estimate of $56.17 billion. Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same quarter in the prior year, the company posted $26.29 EPS. As a group, analysts expect that Alphabet Inc. will post 110.83 EPS for the current fiscal year.

About Alphabet (Get Rating)

Alphabet Inc provides 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 Pets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

See Also

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL – Get Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)



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