Calamos Advisors LLC Boosts Position in Alphabet Inc. (NASDAQ:GOOGL)

Calamos Advisors LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,949.8% during the 3rd quarter, Holdings Channel reports. The firm owned 3,355,121 shares of the information services provider’s stock after purchasing an additional 3,191,443 shares during the quarter. Alphabet comprises approximately 1.5% of Calamos Advisors LLC’s portfolio, making the stock its 6th biggest holding. Calamos Advisors LLC’s holdings in Alphabet were worth $320,917,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GOOGL. Artemis Wealth Advisors LLC grew its holdings in shares of Alphabet by 1,900.0% in the third quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock worth $27,000 after purchasing an additional 266 shares during the last quarter. Horizons Wealth Management bought a new position in shares of Alphabet in the second quarter worth approximately $33,000. Schubert & Co grew its holdings in shares of Alphabet by 1,200.0% in the third quarter. Schubert & Co now owns 364 shares of the information services provider’s stock worth $35,000 after purchasing an additional 336 shares during the last quarter. Carolina Wealth Advisors LLC grew its holdings in shares of Alphabet by 1,900.0% in the third quarter. Carolina Wealth Advisors LLC now owns 400 shares of the information services provider’s stock worth $38,000 after purchasing an additional 380 shares during the last quarter. Finally, Advocacy Wealth Management Services LLC grew its holdings in shares of Alphabet by 72.7% in the second quarter. Advocacy Wealth Management Services LLC now owns 19 shares of the information services provider’s stock worth $41,000 after purchasing an additional 8 shares during the last quarter. 34.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GOOGL shares. Mizuho cut their target price on shares of Alphabet from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, November 30th. Truist Financial dropped their price target on Alphabet from $136.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Sanford C. Bernstein dropped their price target on Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. JMP Securities dropped their price target on Alphabet from $145.00 to $132.00 in a research note on Wednesday, November 23rd. Finally, Evercore ISI lowered their price objective on Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, December 21st. Five equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.00.

Alphabet Stock Down 0.4 %

NASDAQ GOOGL opened at $91.13 on Friday. The stock’s 50 day moving average is $92.71 and its 200 day moving average is $102.37. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $151.55. The stock has a market cap of $1.18 trillion, a PE ratio of 18.10, a P/E/G ratio of 1.53 and a beta of 1.09.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 EPS 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 business had revenue of $57.27 billion during the quarter, compared to analysts’ expectations of $58.36 billion. During the same period in the prior year, the firm posted $1.40 earnings per share. Research analysts predict that Alphabet Inc. will post 4.68 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total transaction of $77,933.25. Following the sale, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at approximately $2,289,870.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Ann Mather sold 280 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total transaction of $28,904.40. Following the sale, the director now directly owns 11,200 shares of the company’s stock, valued at approximately $1,156,176. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total value of $77,933.25. Following the sale, the chief accounting officer now directly owns 25,122 shares in the company, valued at $2,289,870.30. The disclosure for this sale can be found here. In the last three months, insiders have acquired 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. 11.44% of the stock is owned by insiders.

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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