Monument Capital Management Has $1.53 Million Stock Holdings in Alphabet Inc. $GOOGL

Monument Capital Management lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,661 shares of the information services provider’s stock after acquiring an additional 415 shares during the period. Monument Capital Management’s holdings in Alphabet were worth $1,526,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after purchasing an additional 4,110 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after buying an additional 506 shares during the period. GAMMA Investing LLC boosted its stake in Alphabet by 10.5% in the 1st quarter. GAMMA Investing LLC now owns 103,870 shares of the information services provider’s stock valued at $16,062,000 after buying an additional 9,900 shares in the last quarter. HFG Advisors Inc. grew its position in Alphabet by 16.8% in the first quarter. HFG Advisors Inc. now owns 2,094 shares of the information services provider’s stock valued at $324,000 after acquiring an additional 301 shares during the period. Finally, Luken Investment Analytics LLC raised its stake in Alphabet by 22.9% during the first quarter. Luken Investment Analytics LLC now owns 922 shares of the information services provider’s stock worth $143,000 after acquiring an additional 172 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald boosted their target price on shares of Alphabet from $201.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, October 13th. Roth Capital boosted their price target on shares of Alphabet from $210.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday. Wolfe Research raised their price objective on shares of Alphabet from $220.00 to $290.00 in a report on Tuesday, September 30th. Wedbush lifted their target price on shares of Alphabet from $225.00 to $245.00 and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research report on Tuesday, October 14th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $252.24.

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,816 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the sale, the insider directly owned 42,985 shares of the company’s stock, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $242.92, for a total transaction of $145,752.00. Following the transaction, the director owned 5,116 shares in the company, valued at approximately $1,242,778.72. The trade was a 10.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 246,150 shares of company stock valued at $55,805,379. 11.55% of the stock is currently owned by insiders.

Alphabet Stock Performance

GOOGL stock opened at $253.30 on Monday. The company has a 50 day moving average price of $231.55 and a 200 day moving average price of $192.14. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $256.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $3.06 trillion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.71 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.16. The firm had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. Analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Company Profile

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.