Fishman Jay A Ltd. MI Has $41 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Fishman Jay A Ltd. MI lifted its position in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,907.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 428,605 shares of the information services provider’s stock after buying an additional 407,254 shares during the period. Alphabet comprises 5.9% of Fishman Jay A Ltd. MI’s holdings, making the stock its 4th largest position. Fishman Jay A Ltd. MI’s holdings in Alphabet were worth $40,996,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Waypoint Wealth Partners Inc. boosted its stake in Alphabet by 1,898.3% in the 3rd quarter. Waypoint Wealth Partners Inc. now owns 3,437 shares of the information services provider’s stock worth $329,000 after purchasing an additional 3,265 shares during the period. Ballentine Partners LLC boosted its stake in shares of Alphabet by 2,316.3% during the 3rd quarter. Ballentine Partners LLC now owns 99,480 shares of the information services provider’s stock worth $9,515,000 after buying an additional 95,363 shares during the last quarter. Hixon Zuercher LLC boosted its stake in shares of Alphabet by 1,966.1% during the 3rd quarter. Hixon Zuercher LLC now owns 50,330 shares of the information services provider’s stock worth $4,814,000 after buying an additional 47,894 shares during the last quarter. Kirr Marbach & Co. LLC IN boosted its stake in shares of Alphabet by 1,899.9% during the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 128,732 shares of the information services provider’s stock worth $12,313,000 after buying an additional 122,295 shares during the last quarter. Finally, Westwood Management Corp IL boosted its stake in shares of Alphabet by 1,852.6% during the 3rd quarter. Westwood Management Corp IL now owns 370,840 shares of the information services provider’s stock worth $35,471,000 after buying an additional 351,848 shares during the last quarter. 34.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of the stock in a transaction on Monday, October 24th. The stock was acquired at an average price of $17.00 per share, with a total value of $13,600,000.00. Following the acquisition, the insider now directly owns 11,522,248 shares in the company, valued at $195,878,216. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder 2019 Gp L.L.C. Gv purchased 800,000 shares of Alphabet stock in a transaction on Monday, October 24th. The shares were purchased at an average price of $17.00 per share, for a total transaction of $13,600,000.00. Following the transaction, the insider now owns 11,522,248 shares of the company’s stock, valued at approximately $195,878,216. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. In the last 90 days, insiders bought 1,461,702 shares of company stock valued at $36,999,217 and sold 190,744 shares valued at $8,564,640. Insiders own 11.44% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $98.02 on Friday. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $151.55. The stock has a fifty day moving average of $93.03 and a 200-day moving average of $101.55. 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 stock has a market capitalization of $1.27 trillion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 1.62 and a beta of 1.09.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Tigress Financial reduced their price objective on shares of Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a research note on Friday, January 6th. MKM Partners reduced their price objective on shares of Alphabet from $140.00 to $134.00 and set a “buy” rating for the company in a research note on Wednesday, October 19th. Evercore ISI dropped their target price on shares of Alphabet from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, December 21st. Susquehanna Bancshares reduced their price target on Alphabet from $150.00 to $120.00 and set a “positive” rating for the company in a report on Wednesday, October 26th. Finally, Mizuho cut their price objective on Alphabet from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, November 30th. Five investment 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 stock. According to data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.13.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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