Swarthmore Group Inc. decreased its stake in Alphabet Inc. (NASDAQ: GOOGL – Get Rating) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,120 shares of the information services provider’s stock after selling 37 shares during the period. Alphabet comprises about 3.6% of Swarthmore Group Inc.’s investment portfolio, making the stock its 3rd biggest position. Swarthmore Group Inc.’s holdings in Alphabet were worth $ 14,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of GOOGL. Boltwood Capital Management raised its holdings in Alphabet by 0.3% during the 4th quarter. Boltwood Capital Management now owns 1,333 shares of the information services provider’s stock valued at $ 3,862,000 after buying an additional 4 shares during the period. Latitude Advisors LLC raised its holdings in Alphabet by 0.4% during the 4th quarter. Latitude Advisors LLC now owns 1,108 shares of the information services provider’s stock valued at $ 3,210,000 after buying an additional 4 shares during the period. Brave Asset Management Inc. raised its holdings in Alphabet by 0.6% during the 4th quarter. Brave Asset Management Inc. now owns 628 shares of the information services provider’s stock valued at $ 1,819,000 after buying an additional 4 shares during the period. Smithbridge Asset Management Inc. DE increased its stake in Alphabet by 1.5% in the fourth quarter. Smithbridge Asset Management Inc. DE now owns 263 shares of the information services provider’s stock worth $ 762,000 after purchasing an additional 4 shares during the period. Finally, Affinity Capital Advisors LLC increased its stake in Alphabet by 1.3% in the fourth quarter. Affinity Capital Advisors LLC now owns 310 shares of the information services provider’s stock worth $ 898,000 after purchasing an additional 4 shares during the period. 41.70% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ GOOGL opened at $ 2,230.88 on Wednesday. Alphabet Inc. has a 1-year low of $ 2,037.69 and a 1-year high of $ 3,030.93. The company has a market capitalization of $ 1.47 trillion, a P / E ratio of 20.18, a PEG ratio of 1.05 and a beta of 1.13. The business has a 50 day moving average price of $ 2,307.81 and a 200 day moving average price of $ 2,600.98. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.87 and a quick ratio of 2.85.
Alphabet’s stock is scheduled to split before the market opens on Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly created shares will be issued to shareholders after the market closes on Friday, July 15th.
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 $ 25.70 by ($ 1.08). The company had revenue of $ 56.02 billion for the quarter, compared to analysts’ expectations of $ 56.17 billion. Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same period in the previous year, the business posted $ 26.29 EPS. On average, research analysts expect that Alphabet Inc. will post 110.83 earnings per share for the current fiscal year.
GOOGL has been the topic of a number of recent analyst reports. Evercore ISI reduced their target price on Alphabet from $ 3,500.00 to $ 3,300.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 27th. Stifel Nicolaus reduced their target price on Alphabet from $ 3,500.00 to $ 3,100.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27th. Truist Financial reduced their target price on Alphabet from $ 3,600.00 to $ 3,500.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27th. Barclays cut their price target on Alphabet from $ 3,300.00 to $ 3,200.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 27th. Finally, JMP Securities restated a “buy” rating and set a $ 3,300.00 price target on shares of Alphabet in a research note on Wednesday, May 25th. One research analyst has rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Buy” and an average price target of $ 3,297.86.
In other Alphabet news, major shareholder 2016 Gp LLC Gv sold 544,249 shares of the business’s stock in a transaction dated Monday, April 11th. The stock was sold at an average price of $ 11.16, for a total transaction of $ 6,073,818.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder 2021 Gp LLC Gv acquired 255,647 shares of Alphabet stock in a transaction on Tuesday, May 10th. The shares were bought at an average price of $ 34.65 per share, for a total transaction of $ 8,858,168.55. Following the purchase, the insider now owns 479,695 shares of the company stock, valued at $ 16,621,431.75. The disclosure for this purchase can be found here. Insiders have sold 550,357 shares of company stock worth $ 21,855,978 in the last 90 days. Insiders own 11.44% of the company stock.
Alphabet Company Profile: (Get 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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