Alphabet Inc. (NASDAQ:GOOGL) is Van Strum & Towne Inc.’s 10th Largest Position

Van Strum & Towne Inc. raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,891.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,015 shares of the information services provider’s stock after buying an additional 57,001 shares during the quarter. Alphabet accounts for 2.6% of Van Strum & Towne Inc.’s portfolio, making the stock its 10th largest position. Van Strum & Towne Inc.’s holdings in Alphabet were worth $5,740,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Willow Creek Wealth Management Inc. lifted its position in shares of Alphabet by 1,926.9% in the third quarter. Willow Creek Wealth Management Inc. now owns 18,546 shares of the information services provider’s stock worth $1,774,000 after purchasing an additional 17,631 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Alphabet in the third quarter worth approximately $55,305,000. Griffin Asset Management Inc. increased its holdings in Alphabet by 1,900.0% in the third quarter. Griffin Asset Management Inc. now owns 52,240 shares of the information services provider’s stock worth $4,997,000 after buying an additional 49,628 shares during the last quarter. Bridgewater Advisors Inc. increased its holdings in Alphabet by 3,005.0% in the third quarter. Bridgewater Advisors Inc. now owns 67,503 shares of the information services provider’s stock worth $6,457,000 after buying an additional 65,329 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. increased its holdings in Alphabet by 1,915.2% in the third quarter. Adell Harriman & Carpenter Inc. now owns 129,797 shares of the information services provider’s stock worth $12,415,000 after buying an additional 123,356 shares during the last quarter. 34.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction on 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 of the company’s stock, valued at $2,289,870.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction on 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 of the company’s stock, valued at $2,289,870.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total value of $1,992,719.25. Following the completion of the sale, the senior vice president now owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,745 shares of company stock valued at $3,424,078. 11.44% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GOOGL. Loop Capital increased their price objective on Alphabet from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Truist Financial dropped their price objective on Alphabet from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. JMP Securities restated a “market outperform” rating and issued a $132.00 price objective on shares of Alphabet in a report on Friday, February 3rd. Barclays increased their price objective on Alphabet from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Finally, Evercore ISI lowered their price target on Alphabet from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, December 21st. Five investment analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $132.32.

Alphabet Stock Down 1.8 %

Shares of GOOGL stock opened at $90.63 on Friday. The stock has a market cap of $1.16 trillion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 1.27 and a beta of 1.09. Alphabet Inc. has a one year low of $83.34 and a one year high of $143.79. The stock has a fifty day moving average price of $94.19 and a 200 day moving average price of $96.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34.

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

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.