Tamar Securities LLC Purchases 3,590 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Tamar Securities LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 37.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,219 shares of the information services provider’s stock after acquiring an additional 3,590 shares during the period. Tamar Securities LLC’s holdings in Alphabet were worth $2,192,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Henrickson Nauta Wealth Advisors Inc. increased its holdings in shares of Alphabet by 2.1% during the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,274 shares of the information services provider’s stock valued at $511,000 after acquiring an additional 68 shares in the last quarter. CFM Wealth Partners LLC lifted its position in shares of Alphabet by 1.7% during the first quarter. CFM Wealth Partners LLC now owns 126,927 shares of the information services provider’s stock valued at $19,157,000 after purchasing an additional 2,169 shares in the last quarter. CIC Wealth LLC boosted its stake in shares of Alphabet by 2.7% in the 1st quarter. CIC Wealth LLC now owns 25,316 shares of the information services provider’s stock worth $3,821,000 after buying an additional 675 shares during the last quarter. Eagle Wealth Strategies LLC purchased a new position in Alphabet in the first quarter worth $219,000. Finally, Elevated Capital Advisors LLC purchased a new position in shares of Alphabet in the 1st quarter worth about $215,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $165.27 on Friday. The firm’s fifty day simple moving average is $161.90 and its 200 day simple moving average is $168.36. Alphabet Inc. has a twelve month low of $120.21 and a twelve month high of $191.75. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.04 trillion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business had revenue of $84.74 billion during the quarter, compared to analyst estimates of $70.60 billion. During the same period last year, the business posted $1.44 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 7.64 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Tuesday, October 15th. Wells Fargo & Company reduced their price target on Alphabet from $190.00 to $182.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd. Scotiabank raised Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Wedbush restated an “outperform” rating and issued a $205.00 price objective on shares of Alphabet in a research report on Thursday. Finally, Roth Mkm reissued a “buy” rating and issued a $206.00 price target on shares of Alphabet in a report on Thursday, August 29th. Seven analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $201.76.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total value of $230,804.28. Following the completion of the transaction, the chief accounting officer now owns 29,183 shares in the company, valued at approximately $4,927,257.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total transaction of $230,804.28. Following the sale, the chief accounting officer now owns 29,183 shares of the company’s stock, valued at $4,927,257.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the transaction, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 220,426 shares of company stock worth $35,993,340 in the last quarter. 11.55% of the stock is owned by company insiders.

About Alphabet

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.