HPC Germany GmbH & Co. KG Invests $9.09 Million in Alphabet Inc. (NASDAQ:GOOGL)

HPC Germany GmbH & Co. KG bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,268 shares of the information services provider’s stock, valued at approximately $9,089,000. Alphabet accounts for approximately 6.0% of HPC Germany GmbH & Co. KG’s holdings, making the stock its 5th biggest position.

Several other large investors have also made changes to their positions in the business. Dravo Bay LLC purchased a new stake in shares of Alphabet during the first quarter worth approximately $28,000. Wealthgate Family Office LLC purchased a new stake in shares of Alphabet during the fourth quarter worth approximately $32,000. Verity Asset Management Inc. increased its position in shares of Alphabet by 536,206.4% during the first quarter. Verity Asset Management Inc. now owns 589,937 shares of the information services provider’s stock worth $39,000 after purchasing an additional 589,827 shares in the last quarter. Greenspring Advisors LLC increased its position in shares of Alphabet by 76.6% during the first quarter. Greenspring Advisors LLC now owns 491 shares of the information services provider’s stock worth $49,000 after purchasing an additional 213 shares in the last quarter. Finally, Cordant Inc. purchased a new stake in shares of Alphabet during the first quarter worth approximately $56,000. 1.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In related news, Director Ann Mather sold 20 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $2,383.32, for a total transaction of $47,666.40. Following the transaction, the director now owns 565 shares in the company, valued at approximately $1,346,575.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Amie Thuener O’toole sold 42 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total transaction of $91,003.08. Following the transaction, the chief accounting officer now owns 1,192 shares in the company, valued at approximately $2,582,754.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 20 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $2,383.32, for a total value of $47,666.40. Following the transaction, the director now owns 565 shares in the company, valued at approximately $1,346,575.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,536 shares of company stock valued at $15,729,998. Corporate insiders own 11.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on GOOGL shares. Exane BNP Paribas cut Alphabet from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 20th. Guggenheim dropped their target price on Alphabet to $130.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Tigress Financial upped their target price on Alphabet from $183.00 to $186.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 3rd. Itaú Unibanco began coverage on Alphabet in a report on Tuesday, July 26th. They set a “market perform” rating and a $113.00 price target for the company. Finally, Monness Crespi & Hardt lowered their price target on Alphabet to $145.00 in a report on Tuesday, July 5th. Five research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.41.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $110.86 on Tuesday. 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 Inc. has a fifty-two week low of $101.88 and a fifty-two week high of $151.55. The firm has a market capitalization of $1.45 trillion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.79 and a beta of 1.09. The stock’s 50-day simple moving average is $113.69 and its 200-day simple moving average is $119.66.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.06). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. The business had revenue of $57.47 billion for the quarter, compared to analyst estimates of $57.55 billion. During the same period last year, the business posted $27.26 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 5.21 EPS for the current fiscal year.

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.

Further Reading

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLGet Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.