Alphabet Inc. (NASDAQ:GOOGL) positions extended by Gamble Jones Investment Counselor

Gamble Jones Investment Council increased its position in shares of Alphabet Inc. (NASDAQ: GOOGL – GET RATINGS) up 1.1% in the first quarter, reports HoldingsChannel.com. The institutional investor held 17,075 shares of the information services provider’s stock after purchasing an additional 180 shares during the quarter. Alphabet comprises approximately 3.0% of Gamble Jones Investment Counsel’s investment portfolio, making the stock its 5th largest holding. Gamble Jones Investment Council’s holding in Alphabet was $47,492,000, as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently revised their holdings of GOOGL. Morling Financial Advisors LLC purchased a new position in Alphabet shares for approximately $29,000 in the fourth quarter. West Bancorporation Inc. bought a new position in Alphabet during the fourth quarter with a price of $29,000. Wealthgate Family Office LLC purchased a new location in Alphabet for a value of $32,000 during the fourth quarter. NS Partners Ltd. purchased a new location in Alphabet during the fourth quarter for a value of $41,000. Finally, Schubert & Co bought a new stake in Alphabet’s shares in the fourth quarter, valued at $43,000. 41.70% of the stock is owned by hedge funds and other institutional investors.

alphabetical price display

The NASDAQ GOOGL opened Friday at $114.22. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.87 and a quick ratio of 2.85. The stock’s fifty-day moving average price is $154.31 and its 200-day moving average price is $138.90. Alphabet Inc. 1-Year low of $101.88 and 1-Year high of $151.55. The company has a market cap of $1.50 trillion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.12 and a beta of 1.10.

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Alphabet (NASDAQ: GOOGL – Get Rating) last released its earnings results on Tuesday, July 26. The information services provider reported earnings per share (EPS) of $1.21 for the quarter, not missing the consensus estimate of $1.32 ($0.11). Alphabet had a net margin of 27.57% and a return on equity of 30.18%. During the same period last year, the company generated earnings of $27.26 per share. As a group, equity research analysts expect Alphabet Inc. to generate earnings per share of 5.37 for the current year. Insider Activity on Alphabet

In other news, Director Ann Mather sold 20 shares of the business’s stock in a transaction on Monday, June 27. The stock was sold at an average price of $2,383.32 for a total value of $47,666.40. Following the completion of the transaction, the director now owns 565 shares of the company’s stock, valued at approximately $1,346,575.80. The sale was disclosed in a legal filing with the SEC, which is accessible via this link. In other news, major shareholder 2021 Gp LLC Gv purchased 255,647 shares of the company’s stock in a transaction that took place on Tuesday, May 10. 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 transaction, the insider now owns 479,695 shares in the company, valued at $16,621,431.75. The purchase was disclosed in a legal filing with the Securities and Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 20 shares of the company’s stock in a transaction on Monday, June 27. The stock was sold at an average price of $2,383.32 for a total transaction of $47,666.40. Following the completion of the transaction, the director now owns 565 shares of the company’s stock, valued at approximately $1,346,575.80. The disclosure of this sale can be found here. Insiders have sold a total of 6,039 shares of the company’s stock worth $12,649,005 in the past ninety days. Company insiders own 11.44% of the company’s stock.

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Analysts set new price targets

GOOGL has been the subject of several recent analyst reports. Evercore ISI lowered its price target on Alphabet shares from $155.50 to $140.00 in a report Wednesday and set an “outperform” rating on the stock. Truist Financial lowered its target price on Alphabet from $150.00 to $145.00 and set a “buy” rating on the stock in a research note Wednesday. William Blair revisited the “outperform” rating on Alphabet’s shares in a research note on Wednesday. Monness Crespi & Hardt lowered its price objective on Alphabet to $145.00 in a research report on Tuesday, July 5. Finally, Canaccord Genuity Group lowered its target price on Alphabet from $175.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, April 27. Five research analysts have rated the stock with a hold rating, thirty-four have a buy rating and one has given a strong buy rating to the company. According to Marketbeat, Alphabet currently has an average rating of “moderate buy” and an average target price of $148.80.

Alphabet Company Profile

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Alphabet Inc. offers a variety of 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 advertising, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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