Sargent Bickham Lagudis LLC Raises Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Sargent Bickham Lagudis LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 2,031.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,964 shares of the information services provider’s stock after purchasing an additional 91,462 shares during the quarter. Alphabet makes up 0.8% of Sargent Bickham Lagudis LLC’s holdings, making the stock its 28th largest position. Sargent Bickham Lagudis LLC’s holdings in Alphabet were worth $9,179,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GOOGL. Bornite Capital Management LP purchased a new position in Alphabet during the first quarter worth approximately $16,688,000. Markel Corp lifted its position in shares of Alphabet by 17.0% in the first quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock valued at $43,110,000 after acquiring an additional 2,250 shares in the last quarter. United Bank lifted its position in shares of Alphabet by 5.9% in the first quarter. United Bank now owns 2,033 shares of the information services provider’s stock valued at $5,654,000 after acquiring an additional 113 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Alphabet by 23.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock valued at $900,929,000 after acquiring an additional 61,427 shares in the last quarter. Finally, Dakota Wealth Management lifted its position in shares of Alphabet by 20.4% in the first quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock valued at $25,806,000 after acquiring an additional 1,570 shares in the last quarter. Hedge funds and other institutional investors own 34.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on GOOGL. New Street Research began coverage on Alphabet in a research report on Wednesday, January 4th. They issued a “buy” rating and a $118.00 target price on the stock. Morgan Stanley raised their target price on Alphabet from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, January 18th. Needham & Company LLC decreased their target price on Alphabet from $160.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, December 22nd. Evercore ISI reduced their price objective on Alphabet from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 21st. Finally, Rosenblatt Securities reduced their price objective on Alphabet from $156.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. Five investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $132.13.

Alphabet Trading Up 5.3 %

NASDAQ:GOOGL opened at $98.02 on Monday. The firm has a market cap of $1.27 trillion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. The stock has a fifty day moving average price of $93.03 and a 200 day moving average price of $101.55. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $151.55. 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 earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The company had revenue of $57.27 billion during the quarter, compared to analysts’ expectations of $58.36 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. During the same quarter last year, the business posted $1.40 earnings per share. Sell-side analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Insider Activity at Alphabet

In related news, Director Ann Mather sold 280 shares of Alphabet stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total value of $28,904.40. Following the completion of the transaction, the director now directly owns 11,200 shares in the company, valued at $1,156,176. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Alphabet news, Director Ann Mather sold 280 shares of Alphabet stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total transaction of $28,904.40. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction dated 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 of the company’s stock, valued at $2,289,870.30. The disclosure for this sale can be found here. Over the last three months, insiders purchased 661,702 shares of company stock worth $23,399,217 and sold 190,744 shares worth $8,564,640. 11.44% of the stock is currently owned by company 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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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