Westhampton Capital LLC Buys 13,165 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Westhampton Capital LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,831.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,884 shares of the information services provider’s stock after purchasing an additional 13,165 shares during the period. Westhampton Capital LLC’s holdings in Alphabet were worth $1,328,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GOOGL. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of 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 in the last quarter. Fiera Capital Corp increased its holdings in shares of 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 acquiring an additional 16,989,271 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of 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 acquiring an additional 15,633,495 shares during the last quarter. Raymond James & Associates increased its holdings in shares of 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 worth $792,433,000 after acquiring an additional 7,875,993 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings 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 worth $685,817,000 after acquiring an additional 6,807,300 shares during the last quarter. Institutional investors own 34.06% of the company’s stock.

Insider Activity

In other news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $38.64, for a total transaction of $4,149,665.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction dated 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 directly owns 25,122 shares in the company, valued at $2,289,870.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $38.64, for a total value of $4,149,665.52. The disclosure for this sale can be found here. Over the last three months, insiders have bought 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. Insiders own 11.44% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL stock opened at $98.02 on Friday. The business’s 50-day moving average price is $93.03 and its 200-day moving average price is $101.55. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $151.55. The firm has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 19.47, a PEG ratio of 1.62 and a beta of 1.09. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank of Canada decreased their target price on Alphabet from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Cowen decreased their target price on Alphabet to $135.00 in a report on Thursday, October 27th. Rosenblatt Securities decreased their price objective on Alphabet from $156.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Bank of America decreased their price objective on Alphabet from $125.00 to $114.00 and set a “buy” rating on the stock in a report on Tuesday, October 4th. Finally, Credit Suisse Group decreased their price objective on Alphabet from $134.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Five investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.13.

Alphabet 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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