Dfpg Investments LLC increased its holdings of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) stock 13.8% in Q1, according to its latest SEC filing. The fund held 1,770 shares of the information services provider after buying an additional 214 shares during the period. Alphabet represents approximately 1.8% of Dfpg Investments LLC’s holdings, making it its 13th largest position. Dfpg Investments LLC’s holdings in Alphabet were worth $4,520,000 at the end of the last quarter.
Several other hedge funds and other institutional investors also bought and sold shares of GOOGL. Morling Financial Advisors LLC acquired a new position in Alphabet in Q4 worth approximately $29,000. West Bancorporation Inc. acquired a new stake in Alphabet during the 4th quarter for a value of approximately $29,000. Wealthgate Family Office LLC purchased a new stake in Alphabet during Q4 for a value of approximately $32,000. NS Partners Ltd purchased a new stake in Alphabet during Q4 for a value of approximately $41,000. Finally, Schubert & Co bought a new stake in Alphabet during the 4th quarter for a value of approximately $43,000. 41.70% of the shares are held by institutional investors and hedge funds.
Separately, CAO Amie Thuener O’toole sold 42 shares of the company in a trade dated Tuesday, May 3. The stock was sold at an average price of $2,335.30, for a total value of $98,082.60. Following completion of the transaction, the chief accounting officer now owns 1,170 shares of the company, valued at approximately $2,732,301. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, director Ann Mather sold 20 shares of the company in a trade dated Monday, June 27. The shares were sold at an average price of $2,383.32, for a total value of $47,666.40. Following completion of the transaction, the director now owns 565 shares of the company, valued at approximately $1,346,575.80. The disclosure of this sale can be found here. Insiders sold a total of 8,474 shares of the company worth $19,745,321 in the past 90 days. 11.44% of the shares are held by company insiders.
GOOGL opened at $2,387.07 on Monday. The company’s 50-day moving average price is $2,256.40 and its two-hundred-day moving average price is $2,540.23. Alphabet Inc. has a 1-year minimum of $2,037.69 and a 1-year maximum of $3,030.93. The company has a market capitalization of $1.57 trillion, a price/earnings ratio of 21.59, a P/E/G ratio of 1.17 and a beta of 1.10. The company has a debt ratio of 0.06, a current ratio of 2.87 and a quick ratio of 2.85.
Alphabet shares are to be split on the morning of Monday, July 18. The 20-1 split was announced on Tuesday, February 1. The newly issued shares will be issued to shareholders after market close on Friday, July 15.
Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly results on Tuesday, April 26. The information services provider reported earnings per share (EPS) of $24.62 for the quarter, missing the consensus estimate of $25.70 per ($1.08). The company posted revenue of $56.02 billion in the quarter, versus analyst estimates of $56.17 billion. Alphabet had a net margin of 27.57% and a return on equity of 30.18%. During the same period of the previous year, the company achieved EPS of $26.29. Sell-side analysts expect Alphabet Inc. to post earnings per share of 110.62 for the current fiscal year.
A number of search firms have recently commented on GOOGL. Wedbush reduced its price target on Alphabet from $3,800.00 to $3,113.00 in a Wednesday, April 27 research report. StockNews.com downgraded Alphabet from a “buy” rating to a “hold” rating in a Friday, April 29 research report. BMO Capital Markets lowered its price target on Alphabet from $3,300.00 to $3,000.00 and set an “outperform” rating on the stock in a Wednesday, April 27 research report. Morgan Stanley cut its price target on Alphabet from $3,270.00 to $3,000.00 in a Wednesday, June 1 research report. Finally, Rosenblatt Securities began covering Alphabet in a research report on Tuesday, April 19. They issued a “buy” rating and a price target of $4,183.00 on the stock. One analyst gave the stock a hold rating, thirty-four gave the company a buy rating and one gave the company a high buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $3,251.65.
Alphabetical Profile (Get a rating)
Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, 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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