Alphabet Inc. (NASDAQ:GOOGL) Stock Position Increased by Eagle Bluffs Wealth Management LLC

Eagle Bluffs Wealth Management LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 39.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 985 shares of the information services provider’s stock after buying an additional 278 shares during the quarter. Alphabet comprises approximately 2.3% of Eagle Bluffs Wealth Management LLC’s portfolio, making the stock its 10th largest position. Eagle Bluffs Wealth Management LLC’s holdings in Alphabet were worth $2,147,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC raised its holdings in shares of Alphabet by 2.2% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 234 shares of the information services provider’s stock worth $651,000 after purchasing an additional 5 shares in the last quarter. Opes Wealth Management LLC increased its position in shares of Alphabet by 1.2% in the first quarter. Opes Wealth Management LLC now owns 424 shares of the information services provider’s stock worth $1,179,000 after acquiring an additional 5 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Alphabet by 1.6% in the first quarter. Larson Financial Group LLC now owns 323 shares of the information services provider’s stock worth $898,000 after acquiring an additional 5 shares in the last quarter. Tortoise Investment Management LLC increased its position in shares of Alphabet by 2.5% in the first quarter. Tortoise Investment Management LLC now owns 204 shares of the information services provider’s stock worth $567,000 after acquiring an additional 5 shares in the last quarter. Finally, Palisade Capital Management LLC NJ increased its position in shares of Alphabet by 0.5% in the first quarter. Palisade Capital Management LLC NJ now owns 926 shares of the information services provider’s stock worth $2,576,000 after acquiring an additional 5 shares in the last quarter. Hedge funds and other institutional investors own 1.88% of the company’s stock.

Insider Transactions at Alphabet

In related news, Director Ann Mather sold 280 shares of the company’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the completion of the transaction, the director now directly owns 11,200 shares in the company, valued at approximately $1,156,176. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The stock was purchased at an average cost of $17.00 per share, for a total transaction of $13,600,000.00. Following the purchase, the insider now directly owns 11,522,248 shares in the company, valued at $195,878,216. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Ann Mather sold 280 shares of the company’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the transaction, the director now owns 11,200 shares of the company’s stock, valued at $1,156,176. The disclosure for this sale can be found here. Over the last three months, insiders bought 1,461,702 shares of company stock worth $36,999,217 and sold 302,441 shares worth $20,007,551. 11.44% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on GOOGL. MKM Partners dropped their target price on shares of Alphabet from $140.00 to $134.00 and set a “buy” rating on the stock in a research report on Wednesday, October 19th. Susquehanna dropped their target price on shares of Alphabet from $150.00 to $120.00 and set a “positive” rating on the stock in a research report on Wednesday, October 26th. Robert W. Baird dropped their target price on shares of Alphabet to $120.00 in a research report on Thursday, October 27th. Wells Fargo & Company dropped their target price on shares of Alphabet from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Finally, StockNews.com assumed coverage on shares of Alphabet in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $133.90.

Alphabet Stock Performance

Shares of Alphabet stock traded up $1.41 on Thursday, reaching $98.46. The stock had a trading volume of 18,868,092 shares, compared to its average volume of 41,118,432. The business’s 50-day moving average price is $97.11 and its two-hundred day moving average price is $107.37. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $151.55. The stock has a market cap of $1.27 trillion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The firm had revenue of $57.27 billion during the quarter, compared to analyst estimates of $58.36 billion. During the same quarter in the previous year, the firm posted $1.40 earnings per share. On average, sell-side analysts forecast that Alphabet Inc. will post 4.68 EPS for the current year.

Alphabet Profile

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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 Bets 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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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