CMH Wealth Management LLC Grows Holdings in Alphabet Inc. (NASDAQ:GOOGL)

CMH Wealth Management LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,525 shares of the information services provider’s stock after acquiring an additional 4,660 shares during the period. Alphabet accounts for approximately 5.8% of CMH Wealth Management LLC’s holdings, making the stock its 3rd biggest holding. CMH Wealth Management LLC’s holdings in Alphabet were worth $23,821,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. DC Investments Management LLC bought a new stake in Alphabet in the first quarter valued at $114,000. Bridgefront Capital LLC purchased a new position in Alphabet during the first quarter valued at $225,000. Worth Asset Management LLC purchased a new position in Alphabet during the first quarter valued at $206,000. Eudaimonia Advisors LLC lifted its position in Alphabet by 15.1% during the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock valued at $275,000 after buying an additional 13 shares during the period. Finally, Aspire Capital Advisors LLC purchased a new position in Alphabet during the first quarter valued at $281,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 0.2 %

Alphabet stock opened at $154.92 on Thursday. The business has a 50-day simple moving average of $144.10 and a two-hundred day simple moving average of $138.58. The company has a market cap of $1.93 trillion, a P/E ratio of 26.71, a P/E/G ratio of 1.44 and a beta of 1.05. Alphabet Inc. has a 52-week low of $102.63 and a 52-week high of $155.74. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period in the previous year, the company posted $1.05 EPS. Analysts predict that Alphabet Inc. will post 6.77 EPS for the current year.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the transaction, the chief accounting officer now directly owns 27,920 shares in the company, valued at approximately $4,009,032.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $142.14, for a total transaction of $3,198,150.00. Following the completion of the transaction, the chief executive officer now directly owns 2,400,191 shares in the company, valued at approximately $341,163,148.74. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 228,239 shares of company stock worth $32,432,382. 0.88% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on GOOGL. Barclays lowered their price objective on Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Wolfe Research raised their price objective on Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Wedbush raised their price objective on Alphabet from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Roth Mkm lowered their price objective on Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Finally, Wells Fargo & Company lowered their price target on Alphabet from $144.00 to $141.00 and set an “equal weight” rating for the company in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.39.

View Our Latest Analysis on GOOGL

About Alphabet

(Free Report)

Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, devices, 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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