Axa S.A. Acquires 4,327,122 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Axa S.A. grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,977.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,545,943 shares of the information services provider’s stock after purchasing an additional 4,327,122 shares during the period. Alphabet makes up approximately 1.7% of Axa S.A.’s investment portfolio, making the stock its 4th largest holding. Axa S.A.’s holdings in Alphabet were worth $434,819,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GOOGL. IAG Wealth Partners LLC boosted its position in Alphabet by 3,275.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after acquiring an additional 262 shares during the period. Artemis Wealth Advisors LLC lifted its holdings in shares of Alphabet by 1,900.0% during the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after buying an additional 266 shares during the last quarter. Laurel Wealth Planning LLC lifted its holdings in shares of Alphabet by 1,900.0% during the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after buying an additional 285 shares during the last quarter. Coston McIsaac & Partners lifted its holdings in shares of Alphabet by 1,900.0% during the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock valued at $30,000 after buying an additional 304 shares during the last quarter. Finally, Horizons Wealth Management acquired a new stake in shares of Alphabet during the 2nd quarter valued at about $33,000. 34.06% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

GOOGL opened at $92.32 on Friday. The stock has a market cap of $1.18 trillion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.30 and a beta of 1.09. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $143.79. The business has a 50 day moving average of $94.14 and a 200-day moving average of $96.99.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The firm had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $63.15 billion. During the same quarter last year, the business posted $1.53 EPS. On average, equities research analysts expect that Alphabet Inc. will post 5.12 earnings per share for the current year.

Insiders Place Their Bets

In other Alphabet news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the transaction, the senior vice president now owns 76,579 shares in the company, valued at approximately $6,872,965.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, SVP Prabhakar Raghavan sold 22,203 shares of Alphabet stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total value of $1,992,719.25. Following the transaction, the senior vice president now owns 76,579 shares in the company, valued at approximately $6,872,965.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 11,313 shares of Alphabet stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following the completion of the transaction, the insider now owns 41,970 shares in the company, valued at approximately $4,197,000. The disclosure for this sale can be found here. Insiders have sold a total of 36,745 shares of company stock worth $3,424,078 in the last 90 days. Company insiders own 11.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GOOGL shares. Roth Capital restated a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. Bank of America lifted their price target on Alphabet from $116.00 to $119.00 and gave the stock a “buy” rating in a research report on Tuesday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $115.00 price target on shares of Alphabet in a research report on Wednesday. Morgan Stanley lifted their price target on Alphabet from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Finally, Evercore ISI lowered their price objective on Alphabet from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 21st. Five research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $132.32.

Alphabet Company Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.