Wills Financial Group Inc. Raises Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Wills Financial Group Inc. grew its position in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,538 shares of the information services provider’s stock after buying an additional 36 shares during the quarter. Alphabet accounts for 1.8% of Wills Financial Group Inc.’s holdings, making the stock its 23rd largest holding. Wills Financial Group Inc.’s holdings in Alphabet were worth $4,455,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of GOOGL. Morling Financial Advisors LLC purchased a new stake in shares of Alphabet during the 4th quarter worth $29,000. West Bancorporation Inc. purchased a new stake in Alphabet in the fourth quarter valued at about $29,000. NS Partners Ltd purchased a new stake in Alphabet in the fourth quarter valued at about $41,000. Schubert & Co purchased a new stake in Alphabet in the fourth quarter valued at about $43,000. Finally, AHL Investment Management Inc. purchased a new stake in Alphabet in the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 41.70% of the company’s stock.

In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv purchased 13,528 shares of the business’s stock in a transaction dated Tuesday, May 24th. The shares were bought at an average price of $33.72 per share, with a total value of $456,164.16. Following the completion of the acquisition, the insider now owns 593,402 shares in the company, valued at approximately $20,009,515.44. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder 2016 Gp L.L.C. Gv sold 544,249 shares of Alphabet stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $11.16, for a total value of $6,073,818.84. The disclosure for this sale can be found here. Insiders sold 550,261 shares of company stock worth $21,637,779 in the last three months. 13.20% of the stock is currently owned by corporate insiders.

NASDAQ:GOOGL traded up $81.66 during mid-day trading on Friday, reaching $2,237.51. The stock had a trading volume of 75,663 shares, compared to its average volume of 1,954,289. The company has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.03 and a beta of 1.13. Alphabet Inc. has a 1-year low of $2,037.69 and a 1-year high of $3,030.93. The stock’s 50 day simple moving average is $2,495.09 and its two-hundred day simple moving average is $2,687.92. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.87 and a quick ratio of 2.85.

Alphabet shares are scheduled to split on the morning of Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly issued shares will be issued to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its earnings results on Tuesday, April 26th. The information services provider reported $24.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $25.51 by ($0.89). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same quarter in the prior year, the firm posted $26.29 earnings per share. Sell-side analysts anticipate that Alphabet Inc. will post 112.62 EPS for the current fiscal year.

A number of research analysts have recently weighed in on the company. Tigress Financial increased their price objective on Alphabet from $3,540.00 to $3,670.00 and gave the company a “strong-buy” rating in a report on Friday, March 18th. Credit Suisse Group cut their price objective on Alphabet from $3,450.00 to $3,400.00 and set an “outperform” rating on the stock in a report on Wednesday, April 27th. Morgan Stanley dropped their target price on Alphabet from $3,450.00 to $3,270.00 and set an “overweight” rating on the stock in a report on Wednesday, April 27th. Wells Fargo & Company dropped their target price on Alphabet from $3,600.00 to $3,400.00 in a report on Wednesday, April 27th. Finally, Stifel Nicolaus dropped their target price on Alphabet from $3,500.00 to $3,100.00 and set a “buy” rating on the stock in a report on Wednesday, April 27th. Two analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $3,312.41.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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