Monograph Wealth Advisors LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,859 shares of the information services provider’s stock, valued at approximately $8,283,000. Alphabet accounts for 2.1% of Monograph Wealth Advisors LLC’s portfolio, making the stock its 6th biggest position.
Several other institutional investors have also made changes to their positions in GOOGL. Allspring Global Investments Holdings LLC acquired a new position in Alphabet during the fourth quarter worth about $1,680,864,000. Fortis Advisors LLC raised its stake in Alphabet by 149,779.0% during the third quarter. Fortis Advisors LLC now owns 535,068 shares of the information services provider’s stock worth $1,508,000 after acquiring an additional 534,711 shares in the last quarter. Frisch Financial Group Inc. raised its stake in Alphabet by 6,039.7% during the third quarter. Frisch Financial Group Inc. now owns 312,631 shares of the information services provider’s stock worth $12,126,000 after acquiring an additional 307,539 shares in the last quarter. Alliancebernstein L.P. raised its stake in Alphabet by 31.5% during the third quarter. Alliancebernstein L.P. now owns 692,862 shares of the information services provider’s stock worth $1,852,380,000 after acquiring an additional 166,072 shares in the last quarter. Finally, Liontrust Investment Partners LLP acquired a new position in Alphabet during the third quarter worth about $431,244,000. 41.70% of the stock is owned by institutional investors.
Shares of GOOGL opened at $2,321.01 on Friday. The business’s fifty day simple moving average is $2,570.32 and its two-hundred day simple moving average is $2,733.56. The company has a current ratio of 2.87, a quick ratio of 2.85 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12 month low of $2,196.49 and a 12 month high of $3,030.93. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 1.06 and a beta of 1.13.
Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The information services provider reported $24.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $25.51 by ($0.89). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same period in the previous year, the company earned $26.29 earnings per share. As a group, research analysts forecast that Alphabet Inc. will post 112.62 EPS for the current year.
GOOGL has been the subject of several recent research reports. Stifel Nicolaus lowered their price objective on Alphabet from $3,500.00 to $3,100.00 and set a “buy” rating for the company in a research note on Wednesday, April 27th. Rosenblatt Securities initiated coverage on Alphabet in a research note on Tuesday, April 19th. They issued a “buy” rating and a $4,183.00 price objective for the company. Morgan Stanley lowered their price objective on Alphabet from $3,450.00 to $3,270.00 and set an “overweight” rating for the company in a research note on Wednesday, April 27th. KeyCorp reduced their target price on Alphabet from $3,400.00 to $3,075.00 and set an “overweight” rating on the stock in a report on Wednesday, April 20th. Finally, Tigress Financial increased their price target on Alphabet from $3,540.00 to $3,670.00 and gave the stock a “strong-buy” rating in a report on Friday, March 18th. Four research 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $3,314.08.
In other news, major shareholder 2021 Gp L.L.C. Gv bought 255,647 shares of Alphabet stock in a transaction that occurred on Tuesday, May 10th. The stock was bought at an average cost of $34.65 per share, with a total value of $8,858,168.55. Following the acquisition, the insider now owns 479,695 shares of the company’s stock, valued at approximately $16,621,431.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brin Sergey sold 2,639 shares of the stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $2,632.28, for a total transaction of $6,946,586.92. Following the completion of the sale, the director now directly owns 18,599,842 shares of the company’s stock, valued at $48,959,992,099.76. The disclosure for this sale can be found here. Insiders sold a total of 550,261 shares of company stock valued at $21,637,779 over the last three months. 13.20% of the stock is currently owned by insiders.
Alphabet Company Profile (Get Rating)
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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