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Ameliora Wealth Management Ltd. Purchases Shares of 213 Alphabet Inc. (NASDAQ:GOOGL)

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Ameliora Wealth Management Ltd. purchased a new stake in Alphabet Inc. (NASDAQ:GOOGLGet Rating) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 213 shares of the information services provider’s stock, valued at approximately $545,000. Alphabet makes up 0.4% of Ameliora Wealth Management Ltd.’s holdings, making the stock its 27th largest holding.

A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its position in Alphabet by 1.4% in the fourth quarter. State Street Corp now owns 11,252,792 shares of the information services provider’s stock valued at $32,599,789,000 after buying an additional 157,280 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Alphabet by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,322,633 shares of the information services provider’s stock worth $15,381,257,000 after acquiring an additional 116,084 shares during the last quarter. Norges Bank bought a new position in shares of Alphabet in the fourth quarter worth about $14,477,662,000. Massachusetts Financial Services Co. MA raised its stake in shares of Alphabet by 0.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,825,959 shares of the information services provider’s stock worth $8,186,916,000 after acquiring an additional 20,120 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Alphabet by 14.1% in the fourth quarter. Invesco Ltd. now owns 2,292,059 shares of the information services provider’s stock worth $6,640,190,000 after acquiring an additional 283,907 shares during the last quarter. Hedge funds and other institutional investors own 41.70% of the company’s stock.

A number of equities analysts have weighed in on the stock. JMP Securities dropped their target price on shares of Alphabet from $3,300.00 to $3,200.00 and set a “market outperform” rating for the company in a research note on Thursday, June 30th. Wolfe Research dropped their price target on shares of Alphabet from $3,500.00 to $2,900.00 and set an “outperform” rating for the company in a research note on Wednesday, April 27th. Mizuho dropped their price target on shares of Alphabet from $3,600.00 to $3,500.00 and set a “buy” rating for the company in a research note on Wednesday, April 27th. JPMorgan Chase & Co. dropped their price target on shares of Alphabet from $3,200.00 to $2,800.00 and set an “overweight” rating for the company in a research note on Wednesday, June 29th. Finally, Canaccord Genuity Group dropped their price target on shares of Alphabet from $3,500.00 to $3,300.00 and set a “buy” rating for the company in a research note on Wednesday, April 27th. One analyst has rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $3,244.22.

In other news, major shareholder 2021 Gp L.L.C. Gv purchased 255,647 shares of the business’s stock in a transaction dated Tuesday, May 10th. The stock was bought at an average price of $34.65 per share, with a total value of $8,858,168.55. Following the acquisition, the insider now owns 479,695 shares in the company, valued at approximately $16,621,431.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 75 shares of the company’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $2,337.13, for a total transaction of $175,284.75. Following the sale, the director now directly owns 233 shares of the company’s stock, valued at approximately $544,551.29. The disclosure for this sale can be found here. Insiders sold a total of 5,839 shares of company stock valued at $12,873,739 in the last three months. Insiders own 11.44% of the company’s stock.

NASDAQ GOOGL opened at $2,207.35 on Friday. The company has a quick ratio of 2.85, a current ratio of 2.87 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.45 trillion, a P/E ratio of 19.97, a P/E/G ratio of 1.17 and a beta of 1.10. Alphabet Inc. has a 12-month low of $2,037.69 and a 12-month high of $3,030.93. The firm has a 50-day moving average price of $2,247.90 and a two-hundred day moving average price of $2,526.70.

Alphabet’s stock is going to split on the morning of Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly minted shares will be distributed to shareholders after the market closes on Friday, July 15th.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The information services provider reported $24.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $25.70 by ($1.08). The business had revenue of $56.02 billion during the quarter, compared to the consensus estimate of $56.17 billion. Alphabet had a net margin of 27.57% and a return on equity of 30.18%. During the same period in the prior year, the firm earned $26.29 EPS. Equities analysts expect that Alphabet Inc. will post 110.62 EPS for the current year.

Alphabet Profile (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.

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