Alphabet Inc. (NASDAQ:GOOGL) is Davy Global Fund Management Ltd’s 2nd largest position



Davy Global Fund Management Ltd raised its position in shares of Alphabet Inc. (NASDAQ: GOOGLGet a rating) by 903.1% in Q1, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor held 4,564 shares of the information services provider after purchasing an additional 4,109 shares during the quarter. Alphabet represents 2.1% of Davy Global Fund Management Ltd’s portfolio, making the stock its second largest holding. Davy Global Fund Management Ltd’s holdings in Alphabet were worth $12,694,000 at the end of the last reporting period.

Other institutional investors have also increased or reduced their stake in the company. Amplius Wealth Advisors LLC bought a new position in Alphabet shares in Q4 for a value of approximately $1,422,000. International Assets Investment Management LLC increased its holdings of Alphabet shares by 6.1% in the fourth quarter. International Assets Investment Management LLC now owns 3,356 shares of the information services provider worth $9,717,000 after purchasing an additional 192 shares during the period. JW Cole Advisors Inc. bought a new position in Alphabet stock in Q4 for a value of approximately $6,518,000. Allred Capital Management LLC increased its holdings of Alphabet shares by 1.5% in the fourth quarter. Allred Capital Management LLC now owns 820 shares of the information services provider worth $2,375,000 after purchasing 12 additional shares during the period. Finally, SWS Partners increased its stake in Alphabet shares by 2.5% in the 4th quarter. SWS Partners now owns 2,319 shares of the information services provider worth $6,718,000 after purchasing an additional 57 shares during the period. Hedge funds and other institutional investors own 41.70% of the company’s shares.

Insider buying and selling at Alphabet

In other Alphabet news, please Prabhakar Raghavan sold 490 shares of the company in a trade dated Tuesday, May 3. The stock was sold at an average price of $2,335.30, for a total transaction of $1,144,297.00. As a result of the sale, the senior vice president now owns 497 shares of the company, valued at approximately $1,160,644.10. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. In other news, CAD Amie Thuener O’toole sold 42 shares of the company in a transaction dated Tuesday, May 3. The stock was sold at an average price of $2,335.30, for a total value of $98,082.60. Following the sale, the chief accountant now owns 1,170 shares of the company, valued at $2,732,301. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Also, please Prabhakar Raghavan sold 490 shares of the company in a transaction dated Tuesday, May 3. The stock was sold at an average price of $2,335.30, for a total value of $1,144,297.00. Following the completion of the sale, the senior vice president now owns 497 shares of the company, valued at approximately $1,160,644.10. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 5,739 shares of the company worth $12,616,323. 11.44% of the shares are currently held by insiders.

Alphabetical stock down 5.6%

Shares of GOOGL Stock opened at $107.90 on Friday. Alphabet Inc. has a 1-year low of $101.88 and a 1-year high of $151.55. The stock’s fifty-day moving average price is $154.58 and its 200-day moving average price is $139.67. The company has a debt ratio of 0.06, a current ratio of 2.87 and a quick ratio of 2.85. The company has a market capitalization of $71.05 billion, a price-to-earnings ratio of 19.52, a growth price-to-earnings ratio of 1.18 and a beta of 1.10.

Alphabet (NASDAQ: GOOGLGet a rating) last released its quarterly results on Tuesday, April 26. The information services provider reported earnings per share of $1.23 for the quarter, missing the consensus estimate of $1.28 per ($0.05). The company posted revenue of $56.02 billion for the quarter, versus $56.17 billion expected by analysts. Alphabet had a net margin of 27.57% and a return on equity of 30.18%. In the same quarter a year earlier, the company posted EPS of $1.31. On average, research analysts expect Alphabet Inc. to post earnings per share of 5.4 for the current fiscal year.

A Wall Street analyst gives his opinion

GOOGL has been the subject of a number of recent research reports. MKM Partners lowered its price target on Alphabet from $165.00 to $140.00 and set a “buy” rating for the company in a Monday, July 18 report. StockNews.com downgraded Alphabet from a “buy” rating to a “hold” rating in a Friday, April 29 research note. Guggenheim reduced its price target on Alphabet from $167.50 to $150.00 in a Wednesday, April 27 research note. Barclays lowered its price target on Alphabet from $160.00 to $150.00 and set an “overweight” rating for the company in a Tuesday July 5 research note. Finally, JPMorgan Chase & Co. cut its price target on Alphabet from $160.00 to $140.00 and set an “overweight” rating for the company in a Wednesday, June 29 research note. Three research analysts gave the stock a hold rating, thirty-four gave the stock a buy rating and one gave the stock a high buy rating. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $158.36.

Alphabet Company Profile

(Get a rating)

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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Institutional ownership by quarter for Alphabet (NASDAQ:GOOGL)



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