Alphabet Inc. (NASDAQ:GOOGL) Stake Raised by Atlas Private Wealth Management

Atlas Private Wealth Management boosted its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,176 shares of the information services provider’s stock after buying an additional 379 shares during the period. Alphabet makes up approximately 2.6% of Atlas Private Wealth Management’s investment portfolio, making the stock its 7th largest holding. Atlas Private Wealth Management’s holdings in Alphabet were worth $5,612,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. DC Investments Management LLC purchased a new stake in Alphabet in the 1st quarter worth approximately $114,000. Bridgefront Capital LLC purchased a new stake in Alphabet in the 1st quarter worth approximately $225,000. Worth Asset Management LLC purchased a new stake in Alphabet in the 1st quarter worth approximately $206,000. Eudaimonia Advisors LLC boosted its position in Alphabet by 15.1% in the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after purchasing an additional 13 shares in the last quarter. Finally, Aspire Capital Advisors LLC purchased a new stake in Alphabet in the 1st quarter worth approximately $281,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $154.56 on Wednesday. The stock has a market cap of $1.92 trillion, a PE ratio of 26.65, a P/E/G ratio of 1.39 and a beta of 1.05. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a twelve month low of $101.93 and a twelve month high of $155.74. The stock has a fifty day simple moving average of $143.95 and a 200-day simple moving average of $138.46.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period in the prior year, the business posted $1.05 EPS. Equities analysts anticipate that Alphabet Inc. will post 6.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GOOGL. Mizuho upped their target price on Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. KeyCorp upped their target price on Alphabet from $153.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. JMP Securities upped their target price on Alphabet from $150.00 to $160.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 31st. Redburn Atlantic upped their target price on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, StockNews.com raised Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 20th. Five investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $155.48.

Check Out Our Latest Stock Analysis on GOOGL

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the transaction, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,532,870.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the transaction, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,532,870.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the transaction, the chief financial officer now owns 1,777,106 shares of the company’s stock, valued at $243,854,485.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 228,239 shares of company stock worth $32,432,382. 0.88% of the stock is currently owned by company insiders.

About Alphabet

(Free Report)

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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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