Redwood Wealth Management Group LLC Has $2.49 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Redwood Wealth Management Group LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 17,820 shares of the information services provider’s stock after selling 230 shares during the quarter. Alphabet makes up 2.8% of Redwood Wealth Management Group LLC’s investment portfolio, making the stock its 7th largest position. Redwood Wealth Management Group LLC’s holdings in Alphabet were worth $2,489,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOGL. Spreng Capital Management Inc. lifted its stake in shares of Alphabet by 4.0% in the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after purchasing an additional 5 shares during the period. West Family Investments Inc. lifted its stake in shares of Alphabet by 0.3% in the 1st quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock valued at $4,878,000 after purchasing an additional 6 shares during the period. Maple Capital Management Inc. lifted its stake in shares of Alphabet by 2.1% in the 1st quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock valued at $823,000 after purchasing an additional 6 shares during the period. Private Advisory Group LLC lifted its stake in shares of Alphabet by 1.8% in the 1st quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock valued at $1,115,000 after purchasing an additional 7 shares during the period. Finally, Weik Capital Management lifted its stake in shares of Alphabet by 0.5% in the 1st quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock valued at $4,264,000 after purchasing an additional 8 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the transaction, the chief financial officer now directly owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the transaction, the chief financial officer now directly owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the transaction, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The disclosure for this sale can be found here. In the last three months, insiders sold 250,539 shares of company stock worth $35,906,259. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wedbush restated an “outperform” rating and issued a $175.00 target price on shares of Alphabet in a research note on Wednesday, April 10th. BMO Capital Markets reissued an “outperform” rating and issued a $185.00 target price (up from $178.00) on shares of Alphabet in a report on Wednesday, April 10th. Roth Mkm dropped their target price on Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $155.00 target price on shares of Alphabet in a report on Wednesday, January 31st. Finally, Wolfe Research boosted their target price on Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Five investment 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 company’s stock. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.61.

Alphabet Price Performance

NASDAQ:GOOGL opened at $157.73 on Monday. Alphabet Inc. has a 12 month low of $102.63 and a 12 month high of $160.22. The stock has a 50 day moving average of $145.33 and a two-hundred day moving average of $139.86. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.96 trillion, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. During the same period in the previous year, the business earned $1.05 EPS. On average, analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Alphabet Company Profile

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.