Strategic Blueprint LLC Expands Investment in Alphabet Inc.

Strategic Blueprint LLC has raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.7% in the fourth quarter, as per its latest Form 13F filing with the SEC. Following this acquisition, the fund now holds 71,328 shares of the tech giant, gaining an additional 473 shares during the quarter. Alphabet represents about 0.8% of Strategic Blueprint LLC's total holdings, making it the 26th largest investment in the fund's portfolio. At the close of the last quarter, the value of Strategic Blueprint LLC's holding in Alphabet stood at approximately $13,502,000.

Furthermore, several other hedge funds have recently adjusted their positions in Alphabet. LMR Partners LLP made a new investment in Alphabet, buying shares during the third quarter valued around $32,000. E Fund Management Hong Kong Co. Ltd. significantly increased its stake in Alphabet by 518.8% in the fourth quarter and now owns 198 shares after purchasing an additional 166 shares, giving it a worth of around $37,000. Denver PWM LLC also raised its position by 25.4% in the third quarter, owning 281 shares valued at $47,000 after acquiring 57 more shares. Additionally, Quarry LP established a new position in Alphabet valued at approximately $53,000 during the second quarter, and Teachers Insurance & Annuity Association of America invested around $66,000 during the third quarter. It is noted that institutional investors and hedge funds currently own about 40.03% of the company's shares.

Insider Trading Activities

In related developments, CEO Sundar Pichai sold 22,500 shares of Alphabet stock on November 20. This transaction occurred at an average price of $176.67 per share, totaling $3,975,075. After completing the sale, Pichai's ownership in Alphabet decreased by 1.08%, leaving him with 2,061,806 shares valued at $364,259,266.02. The transaction was reported in a filing with the Securities & Exchange Commission. In another sale, Director Kavitark Ram Shriram sold 37,134 shares on December 10 at an average price of $185.02, amounting to $6,870,532.68. Following this, he holds 282,832 shares worth approximately $52,329,576.64, reflecting an 11.61% decrease in his shareholding. In total, insiders have sold 89,529 shares valued at $16,600,078 over the past three months, and insiders own an aggregate of 11.55% of the company's stock.

Recent Analyst Evaluations

Recent evaluations from various research analysts suggest a generally positive outlook on Alphabet shares. Robert W. Baird reaffirmed an "outperform" rating with a price target of $205.00 on December 10. In a previous report from November 6, Loop Capital increased its price target from $170.00 to $185.00 while assigning a "hold" rating. Wells Fargo & Company raised its price objective to $190.00 from $187.00 with an "equal weight" rating on January 13. Pivotal Research also raised its target from $215.00 to $225.00, advocating for a "buy" rating in its October 30 report. Lastly, Stifel Nicolaus elevated its target from $200.00 to $225.00 with a "buy" recommendation on the same January date. Collectively, nine analysts have given Alphabet a hold rating, while twenty-nine have rated it a buy and four have categorized it as a strong buy. Consequently, Alphabet holds a consensus rating of "Moderate Buy" with an average price target of $210.95 according to MarketBeat.com.

Market Performance

On Thursday, Alphabet's shares opened at $191.33. The company reports a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $190.39 and a 200-day moving average of $174.40. It has fluctuated between a fifty-two week low of $130.66 and a high of $207.05. Alphabet boasts a market capitalization of $2.34 trillion and a P/E ratio of 25.38, along with a P/E/G ratio of 1.31 and a beta of 0.99.

Recently, Alphabet released its quarterly earnings results on February 4, reporting earnings per share (EPS) of $2.15, beating the consensus estimate of $2.12 by $0.03. The company achieved a return on equity of 31.66% and a net margin of 27.74%. Analysts anticipate that Alphabet is set to report an EPS of 8.02 for the current fiscal year.

Company Overview

Alphabet Inc. offers a diverse range of products and services across various global markets including the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada, and Latin America. Its operations are divided into multiple segments, notably Google Services and Google Cloud.

investment, stock, Alphabet