Jeppson Wealth Management LLC Buys 12 Shares of Alphabet Inc. (NASDAQ:GOOGL)

view original post

Jeppson Wealth Management LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 432 shares of the information services provider’s stock after buying an additional 12 shares during the period. Jeppson Wealth Management LLC’s holdings in Alphabet were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Norges Bank bought a new stake in Alphabet during the fourth quarter worth $14,477,662,000. Allspring Global Investments Holdings LLC bought a new stake in Alphabet during the fourth quarter worth $1,680,864,000. Fundsmith LLP bought a new stake in Alphabet during the fourth quarter worth $1,214,138,000. Invesco Ltd. lifted its stake in Alphabet by 14.1% during the fourth quarter. Invesco Ltd. now owns 2,292,059 shares of the information services provider’s stock worth $6,640,190,000 after purchasing an additional 283,907 shares during the last quarter. Finally, State Street Corp lifted its stake in Alphabet by 1.4% during the fourth quarter. State Street Corp now owns 11,252,792 shares of the information services provider’s stock worth $32,599,789,000 after purchasing an additional 157,280 shares during the last quarter. 41.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GOOGL shares. Piper Sandler cut their target price on Alphabet from $145.00 to $138.75 and set an “overweight” rating for the company in a research note on Thursday, June 2nd. Barclays dropped their price target on Alphabet from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, July 5th. Mizuho dropped their price target on Alphabet from $180.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, April 27th. Evercore ISI dropped their price target on Alphabet from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Wednesday, April 27th. Finally, Monness Crespi & Hardt dropped their price target on Alphabet to $145.00 in a research note on Tuesday, July 5th. One analyst has rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $162.21.

Alphabet Stock Performance

Shares of Alphabet stock opened at $2,235.55 on Monday. The company has a current ratio of 2.87, a quick ratio of 2.85 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $154.79 and a two-hundred day moving average price of $140.76. 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 cap of $1.47 trillion, a P/E ratio of 20.22, a PEG ratio of 1.10 and a beta of 1.10.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The information services provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.05). The business had revenue of $56.02 billion for the quarter, compared to analyst estimates of $56.17 billion. Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same quarter in the previous year, the business posted $1.31 earnings per share. As a group, analysts anticipate that Alphabet Inc. will post 109.34 EPS for the current year.

Insider Transactions at Alphabet

In other news, SVP Prabhakar Raghavan sold 490 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $2,335.30, for a total transaction of $1,144,297.00. Following the transaction, the senior vice president now owns 497 shares of the company’s stock, valued at approximately $1,160,644.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Prabhakar Raghavan sold 490 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $2,335.30, for a total transaction of $1,144,297.00. Following the transaction, the senior vice president now owns 497 shares of the company’s stock, valued at approximately $1,160,644.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Philipp Schindler sold 3,834 shares of the stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $2,182.62, for a total transaction of $8,368,165.08. Following the transaction, the senior vice president now directly owns 12,676 shares in the company, valued at approximately $27,666,891.12. The disclosure for this sale can be found here. Insiders have sold 5,739 shares of company stock valued at $12,616,323 in the last 90 days. 11.44% of the stock is currently owned by corporate insiders.

Alphabet Profile

(Get Rating)

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

Featured Stories

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLGet Rating).

Receive News & Ratings for Alphabet Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alphabet and related companies with MarketBeat.com’s FREE daily email newsletter.