Vaughan David Investments LLC IL lifted its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 14.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 228 shares of the information services provider’s stock after buying an additional 28 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Alphabet were worth $661,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Morling Financial Advisors LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $29,000. West Bancorporation Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at $29,000. J Arnold Wealth Management Co acquired a new position in shares of Alphabet in the 3rd quarter valued at $40,000. NS Partners Ltd acquired a new position in shares of Alphabet in the 4th quarter valued at $41,000. Finally, Schubert & Co acquired a new position in shares of Alphabet in the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 41.70% of the company’s stock.
NASDAQ GOOGL traded up $64.13 during trading on Friday, hitting $2,321.01. 1,748,103 shares of the company’s stock were exchanged, compared to its average volume of 2,051,722. The company has a current ratio of 2.87, a quick ratio of 2.85 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.53 trillion, a PE ratio of 20.99, a P/E/G ratio of 1.06 and a beta of 1.13. Alphabet Inc. has a fifty-two week low of $2,196.49 and a fifty-two week high of $3,030.93. The stock’s 50 day moving average price is $2,570.32 and its two-hundred day moving average price is $2,733.56.
Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The information services provider reported $24.62 earnings per share for the quarter, missing the consensus estimate of $25.51 by ($0.89). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same period in the prior year, the firm earned $26.29 EPS. Analysts forecast that Alphabet Inc. will post 112.62 earnings per share for the current fiscal year.
In other Alphabet news, Director John L. Hennessy sold 31 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $2,280.98, for a total value of $70,710.38. Following the transaction, the director now directly owns 265 shares of the company’s stock, valued at $604,459.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Prabhakar Raghavan sold 490 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $2,335.30, for a total value of $1,144,297.00. Following the completion of the transaction, the senior vice president now directly owns 497 shares in the company, valued at $1,160,644.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 550,261 shares of company stock worth $21,637,779. Company insiders own 13.20% of the company’s stock.
Several research analysts have recently issued reports on the stock. MKM Partners reduced their target price on shares of Alphabet from $3,375.00 to $3,300.00 and set a “buy” rating on the stock in a research note on Thursday, April 14th. StockNews.com downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. Wells Fargo & Company cut their price target on shares of Alphabet from $3,600.00 to $3,400.00 in a research report on Wednesday, April 27th. The Goldman Sachs Group raised their target price on shares of Alphabet from $3,350.00 to $3,400.00 and gave the stock a “buy” rating in a report on Wednesday, February 2nd. Finally, UBS Group dropped their target price on shares of Alphabet from $3,850.00 to $3,600.00 and set a “buy” rating on the stock in a report on Wednesday, April 27th. Four investment analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $3,314.08.
Alphabet Company Profile (Get Rating)
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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