Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Consilium Wealth Advisory LLC

Consilium Wealth Advisory LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 26,110 shares of the information services provider’s stock after acquiring an additional 1,696 shares during the quarter. Alphabet comprises about 2.2% of Consilium Wealth Advisory LLC’s portfolio, making the stock its 15th largest position. Consilium Wealth Advisory LLC’s holdings in Alphabet were worth $3,647,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. DC Investments Management LLC acquired a new stake in Alphabet in the first quarter valued at $114,000. Bridgefront Capital LLC purchased a new stake in shares of Alphabet during the 1st quarter valued at $225,000. Worth Asset Management LLC purchased a new stake in Alphabet during the 1st quarter worth $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 valued at $275,000 after buying an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC acquired a new stake in Alphabet during the first quarter worth about $281,000. Institutional investors and hedge funds own 35.08% of the company’s stock.

Insider Activity

In related news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares in the company, valued at approximately $2,326,922.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $143.49, for a total transaction of $28,698.00. Following the sale, the director now directly owns 6,784 shares of the company’s stock, valued at $973,436.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 230 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the transaction, the director now owns 15,104 shares in the company, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,159 shares of company stock valued at $39,220,185. 0.88% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wolfe Research upped their price target on shares of Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Redburn Atlantic increased their target price on shares of Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Wells Fargo & Company raised their price target on shares of Alphabet from $141.00 to $144.00 and gave the company an “equal weight” rating in a report on Monday. Needham & Company LLC restated a “buy” rating and set a $160.00 price target on shares of Alphabet in a report on Wednesday, January 31st. Finally, KeyCorp raised their target price on shares of Alphabet from $153.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Five equities research 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.03.

View Our Latest Research Report on GOOGL

Alphabet Trading Up 0.1 %

Shares of GOOGL opened at $147.90 on Tuesday. The business’s 50-day moving average price is $142.50 and its 200-day moving average price is $137.45. Alphabet Inc. has a twelve month low of $99.74 and a twelve month high of $153.78. The stock has a market cap of $1.84 trillion, a PE ratio of 25.46, a P/E/G ratio of 1.30 and a beta of 1.04. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same period in the previous year, the company posted $1.05 EPS. On average, equities analysts forecast that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Alphabet Profile

(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

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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