Adviser Investments LLC Increases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Adviser Investments LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 6.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,779 shares of the information services provider’s stock after purchasing an additional 113 shares during the quarter. Adviser Investments LLC’s holdings in Alphabet were worth $4,948,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Morling Financial Advisors LLC purchased a new position in shares of Alphabet during the fourth quarter worth approximately $29,000. West Bancorporation Inc. purchased a new position in shares of Alphabet during the fourth quarter worth approximately $29,000. Wealthgate Family Office LLC purchased a new position in shares of Alphabet during the fourth quarter worth approximately $32,000. NS Partners Ltd purchased a new position in shares of Alphabet during the fourth quarter worth approximately $41,000. Finally, AHL Investment Management Inc. purchased a new position in Alphabet in the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 41.70% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 847 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $114.33, for a total value of $96,837.51. Following the transaction, the chief accounting officer now directly owns 24,052 shares of the company’s stock, valued at approximately $2,749,865.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Amie Thuener O’toole sold 847 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $114.33, for a total transaction of $96,837.51. Following the sale, the chief accounting officer now directly owns 24,052 shares of the company’s stock, valued at approximately $2,749,865.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 1,109 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $2,166.74, for a total value of $2,402,914.66. Following the sale, the senior vice president now directly owns 1,608 shares in the company, valued at $3,484,117.92. The disclosure for this sale can be found here. Insiders sold a total of 7,584 shares of company stock worth $11,646,684 in the last 90 days. 11.44% of the stock is owned by company insiders.

Alphabet Stock Up 0.1 %

Shares of NASDAQ:GOOGL opened at $118.19 on Friday. The stock has a market capitalization of $1.56 trillion, a P/E ratio of 21.99, a PEG ratio of 1.86 and a beta of 1.08. Alphabet Inc. has a 1 year low of $101.88 and a 1 year high of $151.55. The stock has a 50-day simple moving average of $155.17 and a 200-day simple moving average of $138.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.78 and a current ratio of 2.81.

Alphabet (NASDAQ:GOOGLGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.11). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same period in the previous year, the firm posted $27.26 earnings per share. Equities analysts forecast that Alphabet Inc. will post 5.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Itau BBA Securities assumed coverage on shares of Alphabet in a research report on Tuesday, July 26th. They issued a “market perform” rating and a $113.00 price objective on the stock. Bank of America lowered their price objective on shares of Alphabet from $132.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Ita├║ Unibanco assumed coverage on shares of Alphabet in a research report on Tuesday, July 26th. They set a “market perform” rating and a $113.00 target price on the stock. StockNews.com lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. Finally, Citigroup decreased their target price on shares of Alphabet from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Five research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $147.36.

About Alphabet

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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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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