Watershed Private Wealth LLC Buys Shares of 3,580 Alphabet Inc. (NASDAQ:GOOGL)

Watershed Private Wealth LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) during the 4th quarter, Holdings Channel.com reports. The fund bought 3,580 shares of the information services provider’s stock, valued at approximately $316,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spreng Capital Management Inc. boosted its holdings in Alphabet by 4.0% in the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock worth $364,000 after buying an additional 5 shares during the last quarter. West Family Investments Inc. boosted its holdings in shares of Alphabet by 0.3% during the 1st quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock worth $4,878,000 after purchasing an additional 6 shares during the last quarter. Maple Capital Management Inc. boosted its holdings in shares of Alphabet by 2.1% during the 1st quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock worth $823,000 after purchasing an additional 6 shares during the last quarter. Private Advisory Group LLC boosted its holdings in shares of Alphabet by 1.8% during the 1st quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock worth $1,115,000 after purchasing an additional 7 shares during the last quarter. Finally, Weik Capital Management boosted its holdings in shares of Alphabet by 0.5% during the 1st quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock worth $4,264,000 after purchasing an additional 8 shares during the last quarter. Institutional investors own 34.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on GOOGL. Morgan Stanley lifted their price target on shares of Alphabet from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, April 26th. StockNews.com began coverage on shares of Alphabet in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Credit Suisse Group reduced their price target on shares of Alphabet from $136.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 26th. Citigroup boosted their target price on Alphabet from $120.00 to $130.00 in a research report on Wednesday, April 26th. Finally, Loop Capital lowered Alphabet from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Monday, May 15th. Four analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $130.56.

Insider Activity

In other news, Director Ann Mather sold 380 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the sale, the director now directly owns 11,300 shares of the company’s stock, valued at $1,017,565. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,922 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $14.13, for a total transaction of $1,242,337.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann Mather sold 380 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $90.05, for a total transaction of $34,219.00. Following the transaction, the director now directly owns 11,300 shares of the company’s stock, valued at $1,017,565. The disclosure for this sale can be found here. Over the last three months, insiders acquired 732,217 shares of company stock valued at $21,135,371 and sold 753,384 shares valued at $30,574,577. Corporate insiders own 0.88% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $123.48 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $126.43. The company has a market capitalization of $1.57 trillion, a PE ratio of 27.50, a P/E/G ratio of 1.54 and a beta of 1.10. The company has a fifty day moving average of $108.64 and a two-hundred day moving average of $99.13.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The business had revenue of $69.79 billion during the quarter, compared to analysts’ expectations of $57.19 billion. During the same period in the prior year, the company earned $1.23 earnings per share. As a group, analysts expect that Alphabet Inc. will post 5.41 earnings per share for the current year.

Alphabet Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.