Exencial Wealth Advisors LLC Makes New $20.24 Million Investment in Alphabet Inc. (NASDAQ:GOOGL)

Exencial Wealth Advisors LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOGLGet Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,987 shares of the information services provider’s stock, valued at approximately $20,242,000. Alphabet makes up about 1.0% of Exencial Wealth Advisors LLC’s investment portfolio, making the stock its 16th largest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Morling Financial Advisors LLC purchased a new stake in Alphabet in the 4th quarter worth approximately $29,000. West Bancorporation Inc. purchased a new position in shares of Alphabet during the 4th quarter valued at approximately $29,000. J Arnold Wealth Management Co purchased a new position in shares of Alphabet during the 3rd quarter valued at approximately $40,000. NS Partners Ltd purchased a new position in shares of Alphabet during the 4th quarter valued at approximately $41,000. Finally, Schubert & Co purchased a new position in shares of Alphabet during the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 41.70% of the company’s stock.

Shares of NASDAQ GOOGL traded up $64.13 during mid-day trading on Friday, reaching $2,321.01. 1,748,103 shares of the company’s stock were exchanged, compared to its average volume of 2,051,722. The firm has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.06 and a beta of 1.13. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.85 and a current ratio of 2.87. Alphabet Inc. has a 52-week low of $2,196.49 and a 52-week high of $3,030.93. The company’s 50-day moving average is $2,570.32 and its 200-day moving average is $2,733.56.

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

Alphabet (NASDAQ:GOOGLGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The information services provider reported $24.62 earnings per share 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 period in the previous year, the firm earned $26.29 EPS. As a group, equities analysts predict that Alphabet Inc. will post 112.62 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on GOOGL shares. Canaccord Genuity Group decreased their target price on Alphabet from $3,500.00 to $3,300.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. Truist Financial decreased their target price on Alphabet from $3,600.00 to $3,500.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. Barclays decreased their target price on Alphabet from $3,300.00 to $3,200.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 27th. StockNews.com lowered Alphabet from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. Finally, Sanford C. Bernstein increased their price objective on Alphabet from $3,250.00 to $3,500.00 and gave the company an “outperform” rating in a research note on Wednesday, February 2nd. Four analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and an average price target of $3,314.08.

In related news, major shareholder 2016 Gp L.L.C. Gv sold 544,249 shares of the firm’s stock in a transaction dated Monday, April 11th. The stock was sold at an average price of $11.16, for a total transaction of $6,073,818.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brin Sergey sold 2,639 shares of the firm’s stock in a transaction dated Monday, April 11th. The shares were sold at an average price of $2,632.28, for a total value of $6,946,586.92. Following the transaction, the director now owns 18,599,842 shares of the company’s stock, valued at $48,959,992,099.76. The disclosure for this sale can be found here. Insiders have sold a total of 550,261 shares of company stock valued at $21,637,779 over the last 90 days. 13.20% of the stock is currently owned by company insiders.

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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