Alphabet Inc. $GOOGL Shares Purchased by Quadrant Private Wealth Management LLC

Quadrant Private Wealth Management LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 11.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 21,914 shares of the information services provider’s stock after buying an additional 2,336 shares during the period. Alphabet makes up about 1.0% of Quadrant Private Wealth Management LLC’s investment portfolio, making the stock its 25th largest position. Quadrant Private Wealth Management LLC’s holdings in Alphabet were worth $5,327,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Financial Gravity Companies Inc. purchased a new stake in shares of Alphabet in the second quarter worth about $31,000. CarsonAllaria Wealth Management Ltd. lifted its position in Alphabet by 36.4% during the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock worth $44,000 after acquiring an additional 67 shares in the last quarter. Corsicana & Co. acquired a new position in Alphabet during the 3rd quarter worth approximately $54,000. Vermillion & White Wealth Management Group LLC boosted its holdings in Alphabet by 37.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after acquiring an additional 89 shares during the period. Finally, S&T Bank PA boosted its holdings in Alphabet by 40.2% in the 2nd quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock worth $61,000 after acquiring an additional 99 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of GOOGL opened at $333.04 on Thursday. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $349.00. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm has a market cap of $4.02 trillion, a price-to-earnings ratio of 32.84, a PEG ratio of 2.05 and a beta of 1.09. The stock has a 50 day moving average of $321.32 and a 200-day moving average of $268.82.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.23. Alphabet had a return on equity of 35.00% and a net margin of 32.23%. As a group, analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GOOGL shares. Stifel Nicolaus set a $346.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research note on Friday, January 23rd. Wall Street Zen raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Citigroup reiterated an “outperform” rating on shares of Alphabet in a report on Wednesday, December 31st. Royal Bank Of Canada reissued a “buy” rating on shares of Alphabet in a research report on Monday, January 26th. Finally, Rosenblatt Securities lifted their target price on Alphabet from $224.00 to $279.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, forty-two have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $336.60.

Get Our Latest Stock Analysis on GOOGL

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 933 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $336.55, for a total value of $314,001.15. Following the transaction, the chief accounting officer directly owned 9,916 shares in the company, valued at approximately $3,337,229.80. This trade represents a 8.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $337.52, for a total transaction of $202,512.00. Following the sale, the director directly owned 21,224 shares of the company’s stock, valued at approximately $7,163,524.48. This represents a 2.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,035,186 shares of company stock valued at $94,458,941 in the last ninety days. 11.64% of the stock is owned by insiders.

More Alphabet News

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About Alphabet

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

Further Reading

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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