BOK Financial Private Wealth Inc. boosted its stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,895 shares of the information services provider’s stock after purchasing an additional 161 shares during the quarter. Alphabet comprises 1.2% of BOK Financial Private Wealth Inc.’s investment portfolio, making the stock its 19th biggest position. BOK Financial Private Wealth Inc.’s holdings in Alphabet were worth $16,396,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of GOOGL. West Bancorporation Inc. acquired a new stake in shares of Alphabet in the 4th quarter valued at $29,000. Wealthgate Family Office LLC bought a new stake in shares of Alphabet during the 4th quarter worth $32,000. NS Partners Ltd acquired a new stake in Alphabet in the fourth quarter valued at about $41,000. Greenspring Advisors LLC grew its position in Alphabet by 76.6% in the first quarter. Greenspring Advisors LLC now owns 491 shares of the information services provider’s stock valued at $49,000 after acquiring an additional 213 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. acquired a new position in Alphabet during the fourth quarter worth about $52,000. Institutional investors own 41.70% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on GOOGL. BMO Capital Markets decreased their price target on shares of Alphabet from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, April 27th. Mizuho lowered their price target on shares of Alphabet from $175.00 to $150.00 and set a “buy” rating for the company in a report on Friday, July 22nd. Susquehanna Bancshares cut their price objective on Alphabet from $187.50 to $150.00 and set a “positive” rating on the stock in a report on Wednesday, July 27th. JPMorgan Chase & Co. dropped their target price on Alphabet from $160.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, June 29th. Finally, Jefferies Financial Group reduced their price target on Alphabet from $155.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Five investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.36.
Insider Transactions at Alphabet
In related news, Director Ann Mather sold 20 shares of Alphabet stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $2,383.32, for a total transaction of $47,666.40. Following the transaction, the director now owns 565 shares of the company’s stock, valued at $1,346,575.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Ann Mather sold 20 shares of the stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total value of $47,666.40. Following the completion of the sale, the director now owns 565 shares in the company, valued at $1,346,575.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv purchased 13,528 shares of the business’s stock in a transaction that occurred on Tuesday, May 24th. The shares were purchased at an average price of $33.72 per share, for a total transaction of $456,164.16. Following the completion of the acquisition, the insider now owns 593,402 shares of the company’s stock, valued at approximately $20,009,515.44. The disclosure for this purchase can be found here. Insiders sold a total of 42,852 shares of company stock valued at $15,750,955 over the last ninety days. 11.44% of the stock is currently owned by insiders.
Alphabet Stock Performance
Shares of GOOGL stock opened at $120.17 on Friday. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 0.06. The firm has a fifty day simple moving average of $156.06 and a two-hundred day simple moving average of $137.23. Alphabet Inc. has a 12 month low of $101.88 and a 12 month high of $151.55. The firm has a market capitalization of $1.58 trillion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 1.97 and a beta of 1.08.
Alphabet (NASDAQ:GOOGL – Get Rating) last posted its earnings results on Tuesday, July 26th. The information services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.11). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same quarter in the prior year, the company earned $27.26 EPS. Analysts forecast that Alphabet Inc. will post 5.2 EPS for the current fiscal year.
Alphabet Company Profile
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.
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