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EPG Wealth Management LLC Increases Stake in Alphabet Inc. (NASDAQ:GOOGL)

EPG Wealth Management LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 16.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 643 shares of the information services provider’s stock after buying an additional 91 shares during the quarter. EPG Wealth Management LLC’s holdings in Alphabet were worth $1,787,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. Martin Investment Management LLC lifted its stake in Alphabet by 8.1% during the first quarter. Martin Investment Management LLC now owns 4,441 shares of the information services provider’s stock worth $12,352,000 after purchasing an additional 331 shares during the last quarter. Foster Dykema Cabot & Co. Inc. MA lifted its stake in Alphabet by 1.7% during the first quarter. Foster Dykema Cabot & Co. Inc. MA now owns 1,294 shares of the information services provider’s stock worth $3,599,000 after purchasing an additional 22 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake in Alphabet by 699,790.2% during the first quarter. Aaron Wealth Advisors LLC now owns 4,703,262 shares of the information services provider’s stock worth $1,691,000 after purchasing an additional 4,702,590 shares during the last quarter. Peninsula Asset Management Inc. lifted its stake in Alphabet by 0.6% during the first quarter. Peninsula Asset Management Inc. now owns 1,633 shares of the information services provider’s stock worth $4,542,000 after purchasing an additional 9 shares during the last quarter. Finally, Sterling Investment Counsel LLC lifted its stake in Alphabet by 5.7% during the first quarter. Sterling Investment Counsel LLC now owns 1,379 shares of the information services provider’s stock worth $3,835,000 after purchasing an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 41.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wedbush cut their price target on Alphabet from $190.00 to $155.65 in a research report on Wednesday, April 27th. Truist Financial cut their price target on Alphabet from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Mizuho cut their price target on Alphabet from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, July 22nd. Canaccord Genuity Group cut their price target on Alphabet from $175.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. Finally, Rosenblatt Securities cut their price target on Alphabet from $205.00 to $154.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. Five research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $147.36.

Insider Activity

In other news, Director Ann Mather sold 20 shares of the company’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $2,383.32, for a total value of $47,666.40. Following the sale, the director now directly owns 565 shares in the company, valued at $1,346,575.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Amie Thuener O’toole sold 42 shares of the company’s stock in a transaction on 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 sale, the chief accounting officer now directly owns 1,181 shares in the company, valued at $2,714,682.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann Mather sold 20 shares of the company’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total value of $47,666.40. Following the completion of the sale, the director now owns 565 shares in the company, valued at $1,346,575.80. The disclosure for this sale can be found here. Insiders have sold 42,831 shares of company stock worth $15,706,796 over the last three months. 11.44% of the stock is currently owned by corporate insiders.

Alphabet Stock Down 0.3 %

GOOGL opened at $113.86 on Wednesday. The business’s fifty day moving average is $156.48 and its two-hundred day moving average is $136.60. 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 company has a market cap of $1.50 trillion, a price-to-earnings ratio of 21.18, a PEG ratio of 1.90 and a beta of 1.08. Alphabet Inc. has a one year low of $101.88 and a one year high of $151.55.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its earnings results on Tuesday, July 26th. The information services provider reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. The firm had revenue of $57.47 billion for the quarter, compared to analysts’ expectations of $57.55 billion. During the same quarter in the previous year, the firm posted $27.26 earnings per share. Analysts anticipate that Alphabet Inc. will post 5.2 EPS for the current fiscal year.

Alphabet Company 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.

See Also

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