Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Lifted by Madison Wealth Management

Madison Wealth Management raised its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,067 shares of the information services provider’s stock after buying an additional 1,230 shares during the period. Alphabet makes up approximately 1.8% of Madison Wealth Management’s portfolio, making the stock its 9th largest position. Madison Wealth Management’s holdings in Alphabet were worth $8,515,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. Bornite Capital Management LP purchased a new stake in shares of Alphabet during the 1st quarter worth $16,688,000. Markel Corp lifted its position in shares of Alphabet by 17.0% during the 1st quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock worth $43,110,000 after purchasing an additional 2,250 shares during the last quarter. United Bank lifted its position in shares of Alphabet by 5.9% during the 1st quarter. United Bank now owns 2,033 shares of the information services provider’s stock worth $5,654,000 after purchasing an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Alphabet by 23.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock worth $900,929,000 after purchasing an additional 61,427 shares during the last quarter. Finally, Dakota Wealth Management lifted its position in shares of Alphabet by 20.4% during the 1st quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock worth $25,806,000 after purchasing an additional 1,570 shares during the last quarter. Hedge funds and other institutional investors own 35.08% of the company’s stock.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 420 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $133.32, for a total transaction of $55,994.40. Following the transaction, the chief accounting officer now owns 26,833 shares of the company’s stock, valued at $3,577,375.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $136.40, for a total transaction of $31,372.00. Following the completion of the transaction, the director now owns 14,515 shares of the company’s stock, valued at $1,979,846. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 420 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $133.32, for a total transaction of $55,994.40. Following the transaction, the chief accounting officer now directly owns 26,833 shares of the company’s stock, valued at approximately $3,577,375.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 136,974 shares of company stock valued at $19,427,217. Company insiders own 0.88% of the company’s stock.

Alphabet Trading Down 1.0 %

Shares of GOOGL opened at $147.53 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average is $141.08 and its two-hundred day moving average is $135.89. Alphabet Inc. has a twelve month low of $88.57 and a twelve month high of $153.78. The firm has a market capitalization of $1.85 trillion, a P/E ratio of 25.44, a PEG ratio of 1.38 and a beta of 1.06.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. During the same period in the prior year, the business posted $1.05 earnings per share. On average, research analysts predict that Alphabet Inc. will post 6.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities decreased their price objective on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Wolfe Research boosted their price target on shares of Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Redburn Atlantic boosted their price target on shares of Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. KeyCorp boosted their price target on shares of Alphabet from $153.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Finally, Morgan Stanley reduced their price target on shares of Alphabet from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Five equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $153.65.

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Alphabet Profile

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Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Further Reading

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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