Foster Victor Wealth Advisors LLC Has $11.78 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Foster Victor Wealth Advisors LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 2,020.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 116,155 shares of the information services provider’s stock after acquiring an additional 110,678 shares during the period. Alphabet makes up 1.7% of Foster Victor Wealth Advisors LLC’s holdings, making the stock its 15th largest position. Foster Victor Wealth Advisors LLC’s holdings in Alphabet were worth $11,780,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GOOGL. Artemis Wealth Advisors LLC grew its holdings in Alphabet by 1,900.0% during the third quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 266 shares during the period. Horizons Wealth Management acquired a new position in shares of Alphabet in the 2nd quarter valued at $33,000. Schubert & Co increased its position in shares of Alphabet by 1,200.0% in the 3rd quarter. Schubert & Co now owns 364 shares of the information services provider’s stock valued at $35,000 after buying an additional 336 shares in the last quarter. Carolina Wealth Advisors LLC raised its stake in Alphabet by 1,900.0% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 400 shares of the information services provider’s stock worth $38,000 after buying an additional 380 shares during the period. Finally, Advocacy Wealth Management Services LLC lifted its holdings in Alphabet by 72.7% during the second quarter. Advocacy Wealth Management Services LLC now owns 19 shares of the information services provider’s stock worth $41,000 after acquiring an additional 8 shares in the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the subject of several recent analyst reports. Truist Financial lowered their price target on Alphabet from $136.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Bank of America dropped their target price on shares of Alphabet from $125.00 to $114.00 and set a “buy” rating on the stock in a report on Tuesday, October 4th. Morgan Stanley reduced their price target on shares of Alphabet from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, November 15th. JMP Securities dropped their price objective on shares of Alphabet from $145.00 to $132.00 in a report on Wednesday, November 23rd. Finally, The Goldman Sachs Group reduced their target price on shares of Alphabet to $135.00 in a research note on Thursday, October 27th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

Insider Buying and Selling at Alphabet

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 value of $77,933.25. Following the transaction, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Alphabet news, Director Ann Mather sold 280 shares of Alphabet stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total value of $28,904.40. Following the completion of the sale, the director now owns 11,200 shares in the company, valued at approximately $1,156,176. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 855 shares of the 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 transaction, the chief accounting officer now owns 25,122 shares in the company, valued at approximately $2,289,870.30. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. Insiders own 11.44% of the company’s stock.

Alphabet Stock Up 1.1 %

GOOGL opened at $92.12 on Friday. The stock’s fifty day simple moving average is $92.82 and its 200 day simple moving average is $102.19. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $151.55. The stock has a market cap of $1.19 trillion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.53 and a beta of 1.09. 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 (NASDAQ:GOOGLGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.19). The company had revenue of $57.27 billion during the quarter, compared to analyst estimates of $58.36 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. During the same quarter in the prior year, the firm earned $1.40 earnings per share. As a group, research analysts expect that Alphabet Inc. will post 4.68 earnings per share for the current year.

Alphabet Company 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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