Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Dowling & Yahnke LLC

Dowling & Yahnke LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,678 shares of the information services provider’s stock after purchasing an additional 123 shares during the period. Alphabet accounts for approximately 1.2% of Dowling & Yahnke LLC’s investment portfolio, making the stock its 16th biggest position. Dowling & Yahnke LLC’s holdings in Alphabet were worth $26,918,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Summit Financial Strategies Inc. boosted its position in shares of Alphabet by 1.3% during the 4th quarter. Summit Financial Strategies Inc. now owns 322 shares of the information services provider’s stock worth $933,000 after purchasing an additional 4 shares during the period. Palisades Hudson Asset Management L.P. boosted its position in Alphabet by 1.1% in the 4th quarter. Palisades Hudson Asset Management L.P. now owns 361 shares of the information services provider’s stock valued at $1,046,000 after buying an additional 4 shares during the period. AFT Forsyth & Company Inc. boosted its position in Alphabet by 0.3% in the 4th quarter. AFT Forsyth & Company Inc. now owns 1,183 shares of the information services provider’s stock valued at $3,427,000 after buying an additional 4 shares during the period. Bay Harbor Wealth Management LLC boosted its position in Alphabet by 6.8% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 63 shares of the information services provider’s stock valued at $175,000 after buying an additional 4 shares during the period. Finally, Midwest Professional Planners LTD. boosted its position in Alphabet by 2.3% in the 4th quarter. Midwest Professional Planners LTD. now owns 180 shares of the information services provider’s stock valued at $521,000 after buying an additional 4 shares during the period. Institutional investors and hedge funds own 41.70% of the company’s stock.

Alphabet Trading Down 0.6 %

NASDAQ GOOGL opened at $117.47 on Friday. Alphabet Inc. has a 12 month low of $101.88 and a 12 month high of $151.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 2.78. The company has a market capitalization of $1.55 trillion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.91 and a beta of 1.08. The company’s fifty day moving average price is $155.27 and its two-hundred day moving average price is $137.96.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.11). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same quarter in the prior year, the company earned $27.26 EPS. As a group, research analysts predict that Alphabet Inc. will post 5.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 31 shares of the stock in a transaction on Monday, May 9th. The shares were sold at an average price of $2,280.98, for a total transaction of $70,710.38. Following the sale, the director now directly owns 265 shares of the company’s stock, valued at $604,459.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder 2021 Gp L.L.C. Gv acquired 255,647 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The shares were acquired at an average price of $34.65 per share, with a total value of $8,858,168.55. Following the acquisition, the insider now directly owns 479,695 shares in the company, valued at $16,621,431.75. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 31 shares of the stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $2,280.98, for a total transaction of $70,710.38. Following the completion of the sale, the director now directly owns 265 shares in the company, valued at approximately $604,459.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,383 shares of company stock valued at $15,761,666. Company insiders own 11.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GOOGL shares. Wolfe Research decreased their price target on shares of Alphabet from $175.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday, April 27th. KeyCorp reduced their price objective on shares of Alphabet from $153.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, July 26th. Citigroup reduced their price objective on shares of Alphabet from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Ita├║ Unibanco initiated coverage on shares of Alphabet in a report on Tuesday, July 26th. They issued a “market perform” rating and a $113.00 price objective on the stock. Finally, Tigress Financial raised their price objective on shares of Alphabet from $183.00 to $186.00 and gave the company a “strong-buy” rating in a report on Wednesday. Five 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $147.36.

Alphabet Company Profile

(Get Rating)

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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