Alphabet Inc. (NASDAQ:GOOGL) shares purchased by Dowling & Yahnke LLC


Dowling & Yahnke LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.3% in Q1, according to the company in its latest filing with the Securities & Exchange Commission. The fund held 9,678 shares of the information services provider after buying an additional 123 shares during the period. Alphabet represents about 1.2% of Dowling & Yahnke LLC’s investment portfolio, making the stock its 16th-largest position. Dowling & Yahnke LLC’s holdings in Alphabet were worth $26,918,000 at the end of the most recent reporting period.

Several other hedge funds have also recently changed their stock holdings. Summit Financial Strategies Inc. increased its position in Alphabet shares by 1.3% during the 4th quarter. Summit Financial Strategies Inc. now owns 322 shares of the information services provider worth $933,000 after purchasing 4 additional shares during the period. Palisades Hudson Asset Management LP increased its position in Alphabet by 1.1% in the fourth quarter. Palisades Hudson Asset Management LP now owns 361 shares of the information services provider valued at $1,046,000 after purchasing 4 additional shares during the period. AFT Forsyth & Company Inc. increased its position in Alphabet by 0.3% in the 4th quarter. AFT Forsyth & Company Inc. now owns 1,183 shares of the information services provider valued at $3,427,000 after purchasing 4 additional shares during the period. Bay Harbor Wealth Management LLC increased its position in Alphabet by 6.8% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 63 shares of the information services provider valued at $175,000 after purchasing 4 additional shares during the period. Finally, Midwest Professional Planners LTD. strengthened its position in Alphabet by 2.3% in the 4th quarter. Midwest Professional Planners LTD. now owns 180 shares of the information services provider worth $521,000 after purchasing 4 additional shares during the period. Institutional investors and hedge funds hold 41.70% of the company’s shares.

Alphabet trades down 0.6%

NASDAQ GOOGL opened at $117.47 on Friday. Alphabet Inc. has a 12-month low of $101.88 and a 12-month high of $151.55. The company has a debt ratio of 0.06, a current ratio of 2.81 and a quick ratio of 2.78. The company has a market capitalization of $1.55 trillion, a price-to-earnings ratio of 21.85, a growth price-to-earnings ratio of 1.91 and a beta of 1.08. The company’s fifty-day moving average price is $155.27 and its two-hundred-day moving average price is $137.96.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings data on Tuesday, July 26. The information services provider reported EPS of $1.21 for the quarter, missing analyst consensus estimates of $1.32 per ($0.11). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same quarter of the previous year, the company achieved EPS of $27.26. As a group, research analysts predict Alphabet Inc. will post earnings per share of 5.22 for the current fiscal year.

Insiders place their bets

In other Alphabet news, Director John L. Hennessy sold 31 shares in a trade on Monday, May 9. The shares were sold at an average price of $2,280.98, for a total transaction of $70,710.38. Following the sale, the director now directly owns 265 shares of the company, valued at $604,459.70. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. In other news, major shareholder 2021 Gp LLC Gv acquired 255,647 shares of the company in a transaction that took place on Tuesday, May 10. The shares were acquired at an average price of $34.65 per share, with a total value of $8,858,168.55. Following the acquisition, the insider now directly owns 479,695 shares of the company, valued at $16,621,431.75. The acquisition was disclosed in a filing with the SEC, available on the SEC’s website. Additionally, manager John L. Hennessy sold 31 shares in a trade dated Monday, May 9. The stock was sold at an average price of $2,280.98, for a total transaction of $70,710.38. Following the completion of the sale, the administrator now directly owns 265 shares of the company, valued at approximately $604,459.70. The disclosure of this sale can be found here. In the past three months, insiders have sold 42,383 shares of the company valued at $15,761,666. Insiders of the company hold 11.44% of the shares of the company.

Analyst upgrades and downgrades

Several equity analysts have commented on GOOGL shares. Wolfe Research cut its price target on Alphabet shares from $175.00 to $145.00 and set an “outperform” rating for the company in a Wednesday, April 27 research report. KeyCorp cut its price target on Alphabet shares from $153.00 to $125.00 and set an “overweight” rating on the stock in a Tuesday, July 26 report. Citigroup lowered its price target on Alphabet shares from $145.00 to $140.00 and placed a “buy” rating on the stock in a Wednesday, July 27 report. Itaú Unibanco launched a hedge on Alphabet shares in a Tuesday, July 26 report. They issued a “market performance” rating and a price target of $113.00 on the stock. Finally, Tigress Financial raised its price target on Alphabet shares from $183.00 to $186.00 and gave the company a “strong buy” rating in a report on Wednesday. Five analysts gave the stock a hold rating, thirty-four gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $147.36.

Alphabet Company Profile

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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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Want to see which other hedge funds hold GOOGL? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Alphabet Inc. (NASDAQ:GOOGL – Get Rating).

Institutional ownership by quarter for Alphabet (NASDAQ:GOOGL)



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