Brio Consultants LLC Buys 5,925 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Brio Consultants LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,580.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,300 shares of the information services provider’s stock after acquiring an additional 5,925 shares during the period. Brio Consultants LLC’s holdings in Alphabet were worth $646,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings 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 valued at $64,817,723,000 after purchasing an additional 331,945 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings 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 valued at $1,714,333,000 after purchasing an additional 17,019,726 shares during the period. Fiera Capital Corp increased its holdings 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 valued at $1,945,783,000 after purchasing an additional 16,989,271 shares during the period. Nordea Investment Management AB increased its holdings 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 valued at $1,605,074,000 after purchasing an additional 15,633,495 shares during the period. Finally, Raymond James & Associates increased its holdings in Alphabet by 1,927.0% during the 3rd quarter. Raymond James & Associates now owns 8,284,714 shares of the information services provider’s stock valued at $792,433,000 after purchasing an additional 7,875,993 shares during the period. Institutional investors own 34.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GOOGL. Credit Suisse Group reduced their price target on Alphabet from $134.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Tigress Financial reduced their target price on Alphabet from $186.00 to $160.00 and set a “strong-buy” rating on the stock in a report on Friday, January 6th. Susquehanna reduced their target price on Alphabet from $150.00 to $120.00 and set a “positive” rating on the stock in a report on Wednesday, October 26th. StockNews.com started coverage on Alphabet in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Cowen reduced their target price on Alphabet to $135.00 in a report on Thursday, October 27th. Five investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.00.

Alphabet Price Performance

NASDAQ GOOGL opened at $92.12 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47. The stock has a market capitalization of $1.19 trillion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.62 and a beta of 1.09. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $151.55. The business’s fifty day moving average price is $92.90 and its 200-day moving average price is $102.02.

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

Insider Transactions at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv purchased 800,000 shares of the business’s stock in a transaction on Monday, October 24th. The stock was acquired at an average price of $17.00 per share, for a total transaction of $13,600,000.00. Following the purchase, the insider now owns 11,522,248 shares of the company’s stock, valued at approximately $195,878,216. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv purchased 800,000 shares of the business’s stock in a transaction on Monday, October 24th. The stock was acquired at an average price of $17.00 per share, for a total transaction of $13,600,000.00. Following the purchase, the insider now owns 11,522,248 shares of the company’s stock, valued at approximately $195,878,216. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann Mather sold 280 shares of the stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total value of $28,904.40. Following the completion of the sale, the director now owns 11,200 shares of the company’s stock, valued at approximately $1,156,176. The disclosure for this sale can be found here. In the last three months, 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 currently owned by company insiders.

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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