Gilbert & Cook Inc. Has $2.09 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Gilbert & Cook Inc. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 22.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 750 shares of the information services provider’s stock after acquiring an additional 136 shares during the quarter. Alphabet makes up approximately 0.3% of Gilbert & Cook Inc.’s portfolio, making the stock its 23rd largest position. Gilbert & Cook Inc.’s holdings in Alphabet were worth $2,086,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Morling Financial Advisors LLC acquired a new position in shares of Alphabet during the 4th quarter worth about $29,000. West Bancorporation Inc. bought a new position in Alphabet during the fourth quarter valued at about $29,000. Wealthgate Family Office LLC bought a new position in Alphabet during the fourth quarter valued at about $32,000. NS Partners Ltd bought a new position in Alphabet during the fourth quarter valued at about $41,000. Finally, Schubert & Co bought a new position in Alphabet during the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 41.70% of the company’s stock.

Alphabet Stock Up 1.8 %

NASDAQ:GOOGL opened at $116.32 on Friday. Alphabet Inc. has a 12-month low of $101.88 and a 12-month high of $151.55. The company has a quick ratio of 2.85, a current ratio of 2.87 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.53 trillion, a P/E ratio of 21.04, a P/E/G ratio of 1.12 and a beta of 1.10. The stock’s fifty day simple moving average is $154.46 and its 200-day simple moving average is $138.74.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.11). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same period in the prior year, the business earned $27.26 earnings per share. Equities research analysts expect that Alphabet Inc. will post 5.37 earnings per share for the current year.

Analysts Set New Price Targets

GOOGL has been the topic of several research reports. Itaú Unibanco initiated coverage on Alphabet in a research note on Tuesday. They set a “market perform” rating and a $113.00 price target on the stock. MKM Partners lowered their price target on Alphabet from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, July 18th. BMO Capital Markets lowered their price target on Alphabet from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 27th. Morgan Stanley upped their price objective on Alphabet from $140.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, BNP Paribas lowered Alphabet from an “outperform” rating to a “neutral” rating and set a $118.00 price objective on the stock. in a research note on Wednesday, July 20th. Five analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $147.29.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 1,230 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $116.44, for a total value of $143,221.20. Following the transaction, the director now directly owns 9,230 shares in the company, valued at approximately $1,074,741.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, Director Frances Arnold sold 1,230 shares of Alphabet stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $116.44, for a total transaction of $143,221.20. Following the transaction, the director now directly owns 9,230 shares in the company, valued at $1,074,741.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder 2021 Gp L.L.C. Gv bought 255,647 shares of Alphabet stock in a transaction on Tuesday, May 10th. The shares were acquired at an average price of $34.65 per share, for a total transaction of $8,858,168.55. Following the completion of the acquisition, the insider now owns 479,695 shares of the company’s stock, valued at approximately $16,621,431.75. The disclosure for this purchase can be found here. Insiders have sold 7,269 shares of company stock worth $12,792,226 in the last three months. Insiders own 11.44% of the company’s stock.

Alphabet Company Profile

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