Ethos Financial Group LLC Buys 1,686 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Ethos Financial Group LLC Buys 1,686 Shares of Alphabet Inc. (NASDAQ:GOOGL)

  • 20.03.2025 10:47
  • etfdailynews.com
  • Keywords: High Risk

Ethos Financial Group LLC increased its stake in Alphabet Inc. by purchasing 1,686 shares during the fourth quarter, raising its holdings to 9,387 shares worth $1,777,000. Other institutional investors also boosted their positions, while insiders sold a total of 93,048 shares over the past 90 days. Analysts have maintained a "Moderate Buy" rating with a target price of $210.59.

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Estimated market influence

Ethos Financial Group LLC

Positivesentiment_satisfied
Analyst rating: N/A

Ethos Financial Group LLC increased its stake in Alphabet Inc. by purchasing additional shares, indicating confidence in the company's future performance.

State Street Corp

Positivesentiment_satisfied
Analyst rating: —

State Street Corp increased its investment in Alphabet Inc., reflecting a positive outlook on the company's stock value and growth potential.

Geode Capital Management LLC

Positivesentiment_satisfied
Analyst rating: N/A

Geode Capital Management LLC upped its holdings, showing belief in Alphabet's continued success and market position.

JPMorgan Chase & Co.

Positivesentiment_satisfied
Analyst rating: —

JPMorgan Chase & Co. increased its stake in Alphabet Inc., signaling confidence in the company's future earnings and growth trajectory.

Fisher Asset Management LLC

Positivesentiment_satisfied
Analyst rating: N/A

Fisher Asset Management LLC boosted its investment, indicating optimism about Alphabet's stock performance and market leadership.

Charles Schwab Investment Management Inc.

Positivesentiment_satisfied
Analyst rating: N/A

Charles Schwab Investment Management Inc. increased its holdings in Alphabet Inc., reflecting a positive assessment of the company's value and growth prospects.

Context

Analysis of Ethos Financial Group LLC's Investment in Alphabet Inc. (NASDAQ:GOOGL)

Market Trends

  • Increase in Institutional Ownership: Ethos Financial Group LLC increased its stake in Alphabet by 21.9%, acquiring an additional 1,686 shares, bringing total holdings to 9,387 shares.
  • Total Holdings Value: The investment was valued at $1,777,000 as of the latest reporting period.

Competitive Dynamics

  • Other Institutional Investors' Activity:
    • State Street Corp: Increased holdings by 0.3%, now owning 222,555,548 shares worth $36,910,838,000.
    • Geode Capital Management LLC: Increased holdings by 2.0%, now owning 134,030,679 shares worth $22,154,651,000.
    • JPMorgan Chase & Co.: Increased holdings by 7.7%, now owning 63,667,407 shares worth $10,559,240,000.
    • Fisher Asset Management LLC: Increased holdings by 1.5%, now owning 50,615,038 shares worth $9,581,427,000.
    • Charles Schwab Investment Management Inc.: Increased holdings by 3.3%, now owning 38,451,718 shares worth $7,278,910,000.

Strategic Considerations

  • Insider Selling:
    • John L. Hennessy: Sold 200 shares at an average price of $165.53, reducing ownership by 2.50%.
    • Another Director: Sold 29,066 shares at an average price of $184.89, reducing ownership by 9.64%.
    • Total insider sales in the last 90 days: 93,048 shares worth $17,374,274.

Analyst Sentiment

  • Rating and Price Targets:
    • Consensus rating: "Moderate Buy".
    • Average price target: $210.59.
    • Mixed ratings: 10 Hold, 29 Buy, 4 Strong Buy.

Financial Performance

  • Earnings: Alphabet reported $2.15 EPS for the latest quarter, beating estimates by $0.03.
  • Dividend Announcement: Declared a quarterly dividend of $0.20, annualized to $0.80, with a yield of 0.49%.

Valuation Metrics

  • Market Cap: $2.00 trillion.
  • P/E Ratio: 20.36.
  • PEG Ratio: 1.34.
  • Beta: 1.02.
  • 52 Week Price Range: $146.74 - $207.05.

Long-Term Implications

  • Institutional Confidence: The consistent buying by major institutions like Ethos Financial Group, State Street, and JPMorgan Chase indicates confidence in Alphabet's long-term growth.
  • Insider Selling: While insider selling has occurred, it is relatively small compared to total holdings, suggesting ongoing confidence among key executives.
  • Analyst Sentiment: The "Moderate Buy" consensus rating reflects a balanced view of potential upside against risks.

Regulatory Impact

  • Alphabet's dividend policy and earnings performance suggest strong financial health, aligning with regulatory expectations for stable and growing companies.