Requisite Capital Management LLC Has $314,000 Stake in Alphabet Inc. (NASDAQ:GOOGL)

Requisite Capital Management LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,900.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,280 shares of the information services provider’s stock after acquiring an additional 3,116 shares during the period. Requisite Capital Management LLC’s holdings in Alphabet were worth $314,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. IAG Wealth Partners LLC raised its stake in shares of Alphabet by 3,275.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. Artemis Wealth Advisors LLC increased its position in Alphabet by 1,900.0% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock worth $27,000 after buying an additional 266 shares during the period. Laurel Wealth Planning LLC increased its position in Alphabet by 1,900.0% in the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock worth $29,000 after buying an additional 285 shares during the period. Coston McIsaac & Partners increased its position in Alphabet by 1,900.0% in the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock worth $30,000 after buying an additional 304 shares during the period. Finally, Horizons Wealth Management bought a new position in Alphabet in the 2nd quarter worth approximately $33,000. 34.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann Mather sold 380 shares of the company’s stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $89.24, for a total value of $33,911.20. Following the transaction, the director now directly owns 11,300 shares of the company’s stock, valued at $1,008,412. The disclosure for this sale can be found here. Insiders sold 36,745 shares of company stock worth $3,424,078 over the last ninety days. 11.44% of the stock is currently owned by corporate insiders.

Alphabet Stock Up 3.1 %

Shares of Alphabet stock opened at $93.97 on Wednesday. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $143.79. The business has a 50-day moving average of $94.35 and a two-hundred day moving average of $96.30. The company has a market capitalization of $1.20 trillion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 1.25 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.09). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The business had revenue of $76.05 billion during the quarter, compared to the consensus estimate of $63.15 billion. During the same quarter last year, the company earned $1.53 earnings per share. As a group, equities analysts predict that Alphabet Inc. will post 5.12 EPS for the current year.

Analyst Ratings Changes

GOOGL has been the topic of several recent analyst reports. Evercore ISI dropped their price target on Alphabet from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 21st. Tigress Financial lowered their price objective on Alphabet from $186.00 to $160.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 6th. Morgan Stanley boosted their price objective on Alphabet from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. Needham & Company LLC restated a “buy” rating and set a $115.00 price objective on shares of Alphabet in a research report on Wednesday, March 8th. Finally, Truist Financial lowered their price objective on Alphabet from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. Five investment analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $132.32.

About Alphabet

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.