WMG Financial Advisors LLC Acquires 289 Shares of Alphabet Inc. (NASDAQ:GOOGL)

WMG Financial Advisors LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,900 shares of the information services provider’s stock after buying an additional 289 shares during the period. WMG Financial Advisors LLC’s holdings in Alphabet were worth $697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOGL. Vanguard Group Inc. grew its position in Alphabet by 1,919.4% during the 3rd quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after purchasing an additional 453,413,389 shares during the last quarter. State Street Corp lifted its stake in shares of Alphabet by 1,900.6% in the 3rd quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock valued at $20,770,809,000 after purchasing an additional 206,300,042 shares during the period. Price T Rowe Associates Inc. MD raised its position in Alphabet by 1,759.2% during the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after acquiring an additional 109,870,525 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Alphabet by 1,955.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 61,134,061 shares of the information services provider’s stock valued at $5,847,474,000 after buying an additional 58,159,150 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Alphabet by 1,896.9% in the third quarter. Bank of New York Mellon Corp now owns 58,060,946 shares of the information services provider’s stock valued at $5,553,529,000 after purchasing an additional 55,153,448 shares during the period. Hedge funds and other institutional investors own 34.06% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $12.72, for a total value of $347,128.80. Following the transaction, the insider now directly owns 10,958,925 shares of the company’s stock, valued at approximately $139,397,526. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv bought 7,286 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were purchased at an average price of $26.98 per share, for a total transaction of $196,576.28. Following the purchase, the insider now directly owns 2,647,312 shares of the company’s stock, valued at $71,424,477.76. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $12.72, for a total value of $347,128.80. Following the completion of the transaction, the insider now owns 10,958,925 shares in the company, valued at approximately $139,397,526. The disclosure for this sale can be found here. In the last three months, insiders have purchased 732,217 shares of company stock valued at $21,135,371 and have sold 753,384 shares valued at $30,574,577. Company insiders own 0.88% of the company’s stock.

Alphabet Trading Up 2.1 %

NASDAQ GOOGL opened at $123.48 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $126.43. The company has a market cap of $1.57 trillion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10. The business’s fifty day moving average is $108.64 and its 200 day moving average is $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, topping the consensus estimate of $1.06 by $0.11. The firm had revenue of $69.79 billion for the quarter, compared to the consensus estimate of $57.19 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. During the same period in the previous year, the business earned $1.23 EPS. As a group, sell-side analysts expect that Alphabet Inc. will post 5.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several research analyst reports. Evercore ISI increased their target price on shares of Alphabet from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. BNP Paribas raised shares of Alphabet from a “neutral” rating to an “outperform” rating and set a $123.00 target price on the stock in a report on Friday, March 17th. StockNews.com initiated coverage on shares of Alphabet in a report on Thursday, May 18th. They set a “buy” rating on the stock. JMP Securities restated a “market outperform” rating and set a $132.00 target price on shares of Alphabet in a research report on Thursday, March 16th. Finally, Citigroup raised their target price on shares of Alphabet from $120.00 to $130.00 in a research report on Wednesday, April 26th. Four analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $130.56.

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.