Slagle Financial LLC Acquires Shares of 2,814 Alphabet Inc. (NASDAQ:GOOGL)

by · The Cerbat Gem

Slagle Financial LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,814 shares of the information services provider’s stock, valued at approximately $337,000.

Several other large investors have also bought and sold shares of the company. DC Investments Management LLC purchased a new position in shares of Alphabet during the first quarter valued at approximately $114,000. Bridgefront Capital LLC purchased a new stake in Alphabet during the 1st quarter valued at $225,000. Worth Asset Management LLC bought a new position in shares of Alphabet during the 1st quarter valued at $206,000. Eudaimonia Advisors LLC boosted its stake in shares of Alphabet by 15.1% in the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after buying an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC bought a new stake in shares of Alphabet in the first quarter worth $281,000. 35.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Piper Sandler increased their price target on shares of Alphabet from $147.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $155.00 target price on shares of Alphabet in a research report on Wednesday, October 25th. Wedbush reaffirmed an “outperform” rating and set a $160.00 price objective on shares of Alphabet in a research report on Wednesday, October 25th. Roth Mkm increased their target price on shares of Alphabet from $152.00 to $166.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Susquehanna restated a “positive” rating and set a $150.00 target price on shares of Alphabet in a research note on Thursday, August 31st. Five investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.53.

Check Out Our Latest Report on Alphabet

Insider Buying and Selling

In other news, Director Frances Arnold sold 250 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $124.36, for a total value of $31,090.00. Following the completion of the transaction, the director now directly owns 14,226 shares in the company, valued at $1,769,145.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Amie Thuener O’toole sold 420 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $133.32, for a total value of $55,994.40. Following the completion of the transaction, the chief accounting officer now owns 26,833 shares of the company’s stock, valued at approximately $3,577,375.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 250 shares of Alphabet stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $124.36, for a total value of $31,090.00. Following the transaction, the director now owns 14,226 shares of the company’s stock, valued at $1,769,145.36. The disclosure for this sale can be found here. Insiders sold 130,127 shares of company stock worth $17,085,731 in the last 90 days. Insiders own 0.88% of the company’s stock.

Alphabet Price Performance

GOOGL opened at $134.99 on Friday. The firm has a market capitalization of $1.69 trillion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.43 and a beta of 1.03. The business’s 50-day moving average is $133.71 and its two-hundred day moving average is $129.52. Alphabet Inc. has a 1 year low of $84.86 and a 1 year high of $141.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.04 and a quick ratio of 2.01.

Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its quarterly earnings data on Tuesday, October 24th. The information services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. Alphabet had a return on equity of 25.24% and a net margin of 22.46%. The firm had revenue of $64.05 billion during the quarter, compared to analyst estimates of $63.13 billion. Research analysts anticipate that Alphabet Inc. will post 5.75 earnings per share for the current fiscal year.

Alphabet Company Profile

(Free Report)

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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