Alphabet Inc. (NASDAQ:GOOG) Shares Bought by IHT Wealth Management LLC

IHT Wealth Management LLC raised its position in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 2,267.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,427 shares of the information services provider’s stock after purchasing an additional 75,114 shares during the quarter. Alphabet comprises 0.6% of IHT Wealth Management LLC’s investment portfolio, making the stock its 29th biggest position. IHT Wealth Management LLC’s holdings in Alphabet were worth $7,541,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GOOG. Vanguard Group Inc. boosted its holdings in Alphabet by 1,885.5% in the 3rd quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock valued at $40,593,957,000 after purchasing an additional 400,930,216 shares during the last quarter. BlackRock Inc. boosted its holdings in Alphabet by 1,857.3% in the 3rd quarter. BlackRock Inc. now owns 364,589,580 shares of the information services provider’s stock valued at $35,055,286,000 after purchasing an additional 345,962,033 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Alphabet by 1,770.6% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock valued at $19,639,414,000 after purchasing an additional 192,607,045 shares during the last quarter. State Street Corp boosted its holdings in Alphabet by 1,851.7% in the 3rd quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock valued at $18,931,733,000 after purchasing an additional 186,809,281 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Alphabet by 1,862.3% in the 3rd quarter. Alliancebernstein L.P. now owns 63,184,850 shares of the information services provider’s stock valued at $6,075,223,000 after purchasing an additional 59,964,963 shares during the last quarter. 28.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada set a $130.00 price target on shares of Alphabet in a research note on Friday, February 3rd. Oppenheimer boosted their price target on shares of Alphabet from $130.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Credit Suisse Group set a $136.00 price target on shares of Alphabet in a research note on Friday, February 3rd. Raymond James boosted their price target on shares of Alphabet from $116.00 to $119.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Finally, UBS Group set a $120.00 price target on shares of Alphabet in a research note on Monday, February 6th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $137.13.

Alphabet Trading Up 4.7 %

NASDAQ GOOG opened at $101.07 on Friday. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 52 week low of $83.45 and a 52 week high of $144.16. The stock has a market capitalization of $1.29 trillion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.09. The firm has a 50 day moving average of $95.41 and a two-hundred day moving average of $96.87.

Alphabet (NASDAQ:GOOG – Get Rating) last issued its 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 net margin of 21.20% and a return on equity of 23.54%. The company had revenue of $76.05 billion during the quarter, compared to analyst estimates of $76.49 billion. During the same quarter in the previous year, the company posted $1.53 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, research analysts expect that Alphabet Inc. will post 5.12 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the stock in a transaction dated Monday, March 13th. The stock was acquired at an average price of $29.29 per share, for a total transaction of $12,155,350.00. Following the acquisition, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the sale, the chief accounting officer now owns 25,122 shares in the company, valued at approximately $2,289,870.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were acquired at an average price of $29.29 per share, with a total value of $12,155,350.00. Following the purchase, the insider now owns 1,709,527 shares in the company, valued at $50,072,045.83. The disclosure for this purchase can be found here. In the last quarter, insiders sold 74,245 shares of company stock worth $7,174,078. Corporate insiders own 12.99% of the company’s stock.

Alphabet Company Profile

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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.