Alphabet Inc. (NASDAQ:GOOGL) Stock Position Raised by Avestar Capital LLC

Avestar Capital LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,870.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,446 shares of the information services provider’s stock after purchasing an additional 21,307 shares during the period. Avestar Capital LLC’s holdings in Alphabet were worth $2,147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Artemis Wealth Advisors LLC raised its stake in shares of Alphabet by 1,900.0% during the 3rd 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 in the last quarter. Horizons Wealth Management bought a new position in shares of Alphabet in the 2nd quarter valued at approximately $33,000. Schubert & Co raised its stake 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 acquiring an additional 336 shares in the last quarter. Carolina Wealth Advisors LLC raised its stake in shares of Alphabet by 1,900.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 400 shares of the information services provider’s stock valued at $38,000 after acquiring an additional 380 shares in the last quarter. Finally, Cardinal Capital Management Inc. bought a new position in shares of Alphabet in the 2nd quarter valued at approximately $41,000. 34.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, Director Ann Mather sold 280 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly 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 accessible through this link. In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of the business’s stock in a transaction dated Monday, October 24th. The shares were acquired at an average price of $17.00 per share, with a total value of $13,600,000.00. Following the completion of the transaction, the insider now directly owns 11,522,248 shares in the company, valued at approximately $195,878,216. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 280 shares of the firm’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 of the company’s stock, valued at approximately $1,156,176. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,461,702 shares of company stock worth $36,999,217 and have sold 190,744 shares worth $8,564,640. Corporate insiders own 11.44% of the company’s stock.

Alphabet Stock Down 0.2 %

Shares of NASDAQ GOOGL opened at $91.12 on Thursday. The firm’s 50-day moving average is $92.94 and its 200-day moving average is $101.88. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $151.55. The firm has a market capitalization of $1.18 trillion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.62 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 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.19). The firm had revenue of $57.27 billion for the quarter, compared to the consensus estimate of $58.36 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. During the same period in the previous year, the business earned $1.40 EPS. Equities analysts expect that Alphabet Inc. will post 4.68 EPS for the current year.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of recent analyst reports. Sanford C. Bernstein cut their price objective on Alphabet from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. The Goldman Sachs Group cut their price objective on Alphabet to $135.00 in a research note on Thursday, October 27th. Bank of America dropped their price target on Alphabet from $125.00 to $114.00 and set a “buy” rating on the stock in a research report on Tuesday, October 4th. Mizuho dropped their price target on Alphabet from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, November 30th. Finally, Needham & Company LLC dropped their price target on Alphabet from $160.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, December 22nd. Five investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

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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