Hexagon Capital Partners LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 575 shares of the information services provider’s stock after acquiring an additional 12 shares during the quarter. Alphabet makes up 0.4% of Hexagon Capital Partners LLC’s investment portfolio, making the stock its 23rd largest position. Hexagon Capital Partners LLC’s holdings in Alphabet were worth $1,599,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of GOOGL. New World Advisors LLC grew its stake in shares of Alphabet by 7.5% during the 3rd quarter. New World Advisors LLC now owns 428 shares of the information services provider’s stock worth $1,178,000 after acquiring an additional 30 shares during the period. MFA Wealth Advisors LLC purchased a new stake in Alphabet during the 3rd quarter worth about $145,000. Studio Investment Management LLC purchased a new stake in Alphabet during the 3rd quarter worth about $9,817,000. Willis Investment Counsel lifted its holdings in Alphabet by 15.8% during the 3rd quarter. Willis Investment Counsel now owns 3,545 shares of the information services provider’s stock worth $9,478,000 after purchasing an additional 483 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in Alphabet during the 3rd quarter worth about $1,773,000. Institutional investors own 41.70% of the company’s stock.
GOOGL opened at $2,359.50 on Friday. 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. Alphabet Inc. has a 1 year low of $2,037.69 and a 1 year high of $3,030.93. The stock’s 50 day simple moving average is $2,291.15 and its 200 day simple moving average is $2,587.43. 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’s stock is set to split before the market opens on Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly created shares will be distributed to shareholders after the closing bell on Friday, July 15th.
Alphabet (NASDAQ:GOOGL – Get Rating) last issued its quarterly earnings data on Tuesday, April 26th. The information services provider reported $24.62 earnings per share for the quarter, missing analysts’ consensus estimates of $25.70 by ($1.08). The business had revenue of $56.02 billion during 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 business posted $26.29 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 110.83 EPS for the current year.
In related news, major shareholder 2016 Gp LLC Gv sold 544,249 shares of Alphabet stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $11.16, for a total transaction of $6,073,818.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ann Mather sold 21 shares of Alphabet stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $2,102.84, for a total value of $44,159.64. Following the sale, the director now owns 565 shares in the company, valued at $1,188,104.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 550,357 shares of company stock worth $21,855,978. Corporate insiders own 11.44% of the company’s stock.
A number of analysts recently issued reports on the company. Wolfe Research dropped their objective price on Alphabet from $3,500.00 to $2,900.00 and set an “outperform” rating on the stock in a report on Wednesday, April 27th. Citigroup dropped their price objective on Alphabet from $3,500.00 to $3,175.00 in a report on Wednesday, April 27th. Piper Sandler dropped their objective price on Alphabet from $2,900.00 to $2,775.00 and set an “overweight” rating on the stock in a report on Thursday, June 2nd. Credit Suisse Group dropped their objective price on Alphabet from $3,450.00 to $3,400.00 and set an “outperform” rating on the stock in a report on Wednesday, April 27th. Finally, Moffett Nathanson lowered their price target on Alphabet to $2,650.00 in a report on Thursday, May 26th. One investment analyst has rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $3,297.86.
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.
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