LexAurum Advisors LLC Purchases 135 Shares of Alphabet Inc. (NASDAQ:GOOGL)

LexAurum Advisors LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 46.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 423 shares of the information services provider’s stock after acquiring an additional 135 shares during the quarter. LexAurum Advisors LLC’s holdings in Alphabet were worth $1,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in GOOGL. Bay Rivers Group boosted its holdings in shares of Alphabet by 5.9% in the 1st quarter. Bay Rivers Group now owns 1,418 shares of the information services provider’s stock worth $3,944,000 after purchasing an additional 79 shares during the period. Pinnacle Wealth Management Group Inc. boosted its holdings in Alphabet by 2.6% during the 1st quarter. Pinnacle Wealth Management Group Inc. now owns 390 shares of the information services provider’s stock valued at $1,085,000 after acquiring an additional 10 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Alphabet by 4.8% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 40,211 shares of the information services provider’s stock valued at $111,841,000 after acquiring an additional 1,857 shares during the period. Landmark Wealth Management LLC purchased a new position in Alphabet during the 1st quarter valued at $312,000. Finally, Pittenger & Anderson Inc. boosted its holdings in Alphabet by 2.3% during the 1st quarter. Pittenger & Anderson Inc. now owns 11,591 shares of the information services provider’s stock valued at $32,239,000 after acquiring an additional 263 shares during the period. Institutional investors own 41.70% of the company’s stock.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 42 shares of the stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $2,298.63, for a total value of $96,542.46. Following the transaction, the chief accounting officer now directly owns 1,181 shares of the company’s stock, valued at $2,714,682.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder 2021 Gp L.L.C. Gv bought 255,647 shares of the stock in a transaction dated Tuesday, May 10th. The shares were purchased at an average price of $34.65 per share, for a total transaction of $8,858,168.55. Following the completion of the purchase, the insider now directly owns 479,695 shares of the company’s stock, valued at $16,621,431.75. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 42 shares of the company’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $2,298.63, for a total value of $96,542.46. Following the completion of the sale, the chief accounting officer now owns 1,181 shares in the company, valued at approximately $2,714,682.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,383 shares of company stock valued at $15,761,666. Company insiders own 11.44% of the company’s stock.

Alphabet Stock Down 0.6 %

Shares of GOOGL stock opened at $117.47 on Friday. The stock’s 50-day simple moving average is $155.27 and its 200-day simple moving average is $137.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.78 and a current ratio of 2.81. The firm has a market capitalization of $1.55 trillion, a PE ratio of 21.85, a P/E/G ratio of 1.91 and a beta of 1.08. Alphabet Inc. has a fifty-two week low of $101.88 and a fifty-two week high of $151.55.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.11). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same period last year, the business earned $27.26 earnings per share. Equities analysts expect that Alphabet Inc. will post 5.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on GOOGL. Citigroup dropped their price objective on Alphabet from $145.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Bank of America dropped their price objective on Alphabet from $132.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Credit Suisse Group lowered their target price on Alphabet from $143.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Wedbush lowered their target price on Alphabet from $190.00 to $155.65 in a report on Wednesday, April 27th. Finally, Monness Crespi & Hardt lowered their target price on Alphabet to $145.00 in a report on Tuesday, July 5th. Five research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $147.36.

About Alphabet

(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.