Willner & Heller LLC Purchases 10,430 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Willner & Heller LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 2,141.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,917 shares of the information services provider’s stock after acquiring an additional 10,430 shares during the period. Alphabet accounts for approximately 1.7% of Willner & Heller LLC’s investment portfolio, making the stock its 8th biggest holding. Willner & Heller LLC’s holdings in Alphabet were worth $1,044,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GOOGL. Vanguard Group Inc. grew its position in Alphabet by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 23,304,411 shares of the information services provider’s stock worth $64,817,723,000 after purchasing an additional 331,945 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in Alphabet by 1,884.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,922,978 shares of the information services provider’s stock worth $1,714,333,000 after purchasing an additional 17,019,726 shares during the period. Fiera Capital Corp grew its position in Alphabet by 1,957.3% during the 2nd quarter. Fiera Capital Corp now owns 17,857,280 shares of the information services provider’s stock worth $1,945,783,000 after purchasing an additional 16,989,271 shares during the period. Nordea Investment Management AB grew its position in Alphabet by 1,830.2% during the 3rd quarter. Nordea Investment Management AB now owns 16,487,668 shares of the information services provider’s stock worth $1,605,074,000 after purchasing an additional 15,633,495 shares during the period. Finally, Mackenzie Financial Corp grew its position in shares of Alphabet by 1,876.5% during the 3rd quarter. Mackenzie Financial Corp now owns 7,170,066 shares of the information services provider’s stock valued at $685,817,000 after acquiring an additional 6,807,300 shares during the period. 34.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of analyst reports. Robert W. Baird dropped their target price on Alphabet to $120.00 in a research report on Thursday, October 27th. Cowen dropped their target price on Alphabet to $135.00 in a research report on Thursday, October 27th. MKM Partners dropped their target price on Alphabet from $140.00 to $134.00 and set a “buy” rating on the stock in a research report on Wednesday, October 19th. Sanford C. Bernstein dropped their target price on Alphabet from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, KeyCorp dropped their target price on Alphabet from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 25th. Five equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $132.00.

Alphabet Stock Up 1.1 %

Alphabet stock opened at $92.12 on Friday. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $151.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. The firm has a 50 day moving average price of $92.82 and a 200 day moving average price of $102.19. The company has a market capitalization of $1.19 trillion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.60 and a beta of 1.09.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.19). Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The company had revenue of $57.27 billion during the quarter, compared to analyst estimates of $58.36 billion. During the same quarter last year, the business posted $1.40 EPS. Research analysts expect that Alphabet Inc. will post 4.68 earnings per share for the current year.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the sale, the chief accounting officer now owns 25,122 shares in the company, valued at approximately $2,289,870.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, Director Ann Mather sold 280 shares of the business’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total value of $28,904.40. Following the completion of the transaction, the director now owns 11,200 shares in the company, valued at $1,156,176. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the transaction, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at approximately $2,289,870.30. The disclosure for this sale can be found here. In the last quarter, insiders purchased 1,461,702 shares of company stock worth $36,999,217 and sold 190,744 shares worth $8,564,640. 11.44% of the stock is owned by insiders.

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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