Winthrop Advisory Group LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 3.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 848 shares of the information services provider’s stock after acquiring an additional 26 shares during the period. Alphabet accounts for 0.5% of Winthrop Advisory Group LLC’s investment portfolio, making the stock its 26th biggest position. Winthrop Advisory Group LLC’s holdings in Alphabet were worth $2,359,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in GOOGL. Morling Financial Advisors LLC bought a new stake in shares of Alphabet during the 4th quarter valued at about $29,000. West Bancorporation Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at about $29,000. Wealthgate Family Office LLC bought a new stake in shares of Alphabet during the 4th quarter valued at about $32,000. NS Partners Ltd bought a new stake in shares of Alphabet during the 4th quarter valued at about $41,000. Finally, Schubert & Co bought a new stake in shares of Alphabet during the 4th quarter valued at about $43,000. 41.70% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on GOOGL shares. UBS Group cut their target price on shares of Alphabet from $3,600.00 to $2,650.00 and set a “buy” rating on the stock in a research note on Thursday, June 16th. Piper Sandler dropped their objective price on shares of Alphabet from $2,900.00 to $2,775.00 and set an “overweight” rating on the stock in a research note on Thursday, June 2nd. Jefferies Financial Group dropped their objective price on shares of Alphabet from $3,400.00 to $3,100.00 in a research note on Tuesday, May 24th. BMO Capital Markets dropped their objective price on shares of Alphabet from $3,300.00 to $3,000.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 27th. Finally, Citigroup dropped their objective price on shares of Alphabet from $3,500.00 to $3,175.00 in a research note on Wednesday, April 27th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $3,297.86.
GOOGL opened at $2,359.50 on Friday. The firm has a market cap of $1.55 trillion, a P/E 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 company has a 50 day simple moving average of $2,291.15 and a two-hundred day simple moving average of $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 shares are 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 issued to shareholders after the closing bell on Friday, July 15th.
Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings results 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). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. The firm had revenue of $56.02 billion during the quarter, compared to the consensus estimate of $56.17 billion. During the same quarter in the previous year, the company earned $26.29 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 110.83 earnings per share for the current year.
In related news, major shareholder 2021 Gp LLC Gv bought 255,647 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average price of $34.65 per share, for a total transaction of $8,858,168.55. Following the completion of the transaction, the insider now owns 479,695 shares in the company, valued at $16,621,431.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder 2016 Gp LLC Gv sold 544,249 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 550,357 shares of company stock valued at $21,855,978. 11.44% of the stock is owned by company insiders.
Alphabet Profile (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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