Copperwynd Financial LLC Acquires 182 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Copperwynd Financial LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 2.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,495 shares of the information services provider’s stock after purchasing an additional 182 shares during the period. Copperwynd Financial LLC’s holdings in Alphabet were worth $777,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Alphabet by 1,919.4% in the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock valued at $45,628,484,000 after purchasing an additional 453,413,389 shares in the last quarter. State Street Corp grew its holdings 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 buying an additional 206,300,042 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of Alphabet by 111,197.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock valued at $15,036,178,000 after buying an additional 170,267,122 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Alphabet by 1,759.2% during the 3rd 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 buying an additional 109,870,525 shares during the period. Finally, Norges Bank bought a new position in Alphabet during the fourth quarter worth about $8,335,063,000. 35.08% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $135.31 on Monday. Alphabet Inc. has a 1 year low of $84.86 and a 1 year high of $141.22. The stock has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 1.51 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.04 and a quick ratio of 2.01. The company’s 50 day simple moving average is $133.44 and its 200 day simple moving average is $127.65.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 24th. The information services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. Alphabet had a return on equity of 25.24% and a net margin of 22.46%. The firm had revenue of $64.05 billion for the quarter, compared to analysts’ expectations of $63.13 billion. As a group, research analysts predict that Alphabet Inc. will post 5.74 EPS for the current fiscal year.

Insider Activity

In other Alphabet news, Director Ann Mather sold 220 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $130.14, for a total value of $28,630.80. Following the completion of the transaction, the director now owns 4,818 shares of the company’s stock, valued at approximately $627,014.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Ann Mather sold 220 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $130.14, for a total value of $28,630.80. Following the sale, the director now owns 4,818 shares of the company’s stock, valued at $627,014.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $132.92, for a total value of $26,584.00. Following the transaction, the director now directly owns 7,184 shares in the company, valued at $954,897.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 176,576 shares of company stock worth $23,425,367. Insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GOOGL shares. Roth Mkm raised their price target on Alphabet from $146.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Barclays cut their price objective on shares of Alphabet from $200.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 25th. StockNews.com downgraded Alphabet from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th. Monness Crespi & Hardt cut Alphabet from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 25th. Finally, JPMorgan Chase & Co. boosted their target price on Alphabet from $121.00 to $150.00 in a research note on Wednesday, July 26th. Five equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Alphabet Company Profile

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