Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by TTP Investments Inc.

TTP Investments Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,906.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,382 shares of the information services provider’s stock after buying an additional 17,466 shares during the period. Alphabet makes up approximately 2.1% of TTP Investments Inc.’s investment portfolio, making the stock its 12th biggest holding. TTP Investments Inc.’s holdings in Alphabet were worth $1,758,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Alphabet by 1,884.3% during the third 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 last quarter. Fiera Capital Corp raised its holdings in shares of Alphabet by 1,957.3% during the second 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 last quarter. Nordea Investment Management AB raised its holdings in shares of Alphabet by 1,830.2% during the third 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 last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Alphabet by 1,821.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 9,352,658 shares of the information services provider’s stock worth $894,580,000 after purchasing an additional 8,865,958 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Alphabet by 1,927.0% during the third quarter. Raymond James & Associates now owns 8,284,714 shares of the information services provider’s stock worth $792,433,000 after purchasing an additional 7,875,993 shares during the last quarter. 34.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several recent research reports. Sanford C. Bernstein reduced their target price on shares of Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Morgan Stanley lifted their price objective on shares of Alphabet from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, January 18th. New Street Research started coverage on shares of Alphabet in a report on Wednesday, January 4th. They issued a “buy” rating and a $118.00 price objective for the company. Evercore ISI cut their price objective on shares of Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, December 21st. Finally, MKM Partners cut their price objective on shares of Alphabet from $140.00 to $134.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Five equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $132.13.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Ann Mather sold 280 shares of the business’s stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total value of $28,904.40. Following the transaction, the director now directly owns 11,200 shares in the company, valued at approximately $1,156,176. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $90.85, for a total value of $77,676.75. Following the sale, the chief accounting officer now directly owns 24,694 shares of the company’s stock, valued at approximately $2,243,449.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 280 shares of the business’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the completion of the sale, the director now directly owns 11,200 shares in the company, valued at $1,156,176. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 661,702 shares of company stock worth $23,399,217 and have sold 190,744 shares worth $8,564,640. 11.44% of the stock is currently owned by company insiders.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $98.02 on Monday. 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 firm has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 19.47, a PEG ratio of 1.72 and a beta of 1.09. The company’s 50-day moving average is $93.03 and its two-hundred day moving average is $101.55. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $151.55.

Alphabet (NASDAQ:GOOGL – Get 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). The firm had revenue of $57.27 billion during the quarter, compared to analyst estimates of $58.36 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. During the same quarter in the previous year, the firm earned $1.40 earnings per share. Analysts forecast that Alphabet Inc. will post 4.68 EPS for the current year.

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.