Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Cohen & Steers Inc.

Cohen & Steers Inc. lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,900.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,680 shares of the information services provider’s stock after purchasing an additional 2,546 shares during the quarter. Cohen & Steers Inc.’s holdings in Alphabet were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GOOGL. Spreng Capital Management Inc. lifted its holdings in Alphabet by 4.0% during the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock worth $364,000 after buying an additional 5 shares in the last quarter. West Family Investments Inc. raised its position in shares of Alphabet by 0.3% in the 1st quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock valued at $4,878,000 after acquiring an additional 6 shares during the period. Maple Capital Management Inc. lifted its holdings in Alphabet by 2.1% during the first quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock worth $823,000 after acquiring an additional 6 shares in the last quarter. Private Advisory Group LLC boosted its holdings in shares of Alphabet by 1.8% in the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock valued at $1,115,000 after buying an additional 7 shares during the period. Finally, Weik Capital Management lifted its position in Alphabet by 0.5% in the 1st quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock valued at $4,264,000 after acquiring an additional 8 shares in the last quarter. 34.06% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $91.11 on Tuesday. The firm has a 50 day moving average of $94.25 and a 200-day moving average of $96.41. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $143.79. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.17 trillion, a PE ratio of 20.02, a PEG ratio of 1.25 and a beta of 1.09.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on GOOGL. Bank of America lifted their price target on Alphabet from $116.00 to $119.00 and gave the company a “buy” rating in a research note on Tuesday, January 31st. Jefferies Financial Group reiterated a “buy” rating and issued a $130.00 price target on shares of Alphabet in a research note on Friday, February 10th. Loop Capital raised their price objective on Alphabet from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, February 8th. Roth Capital reiterated a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. Finally, Morgan Stanley raised their price target on Alphabet from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Five investment analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.32.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of Alphabet stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $90.15, for a total value of $57,425.55. Following the transaction, the chief accounting officer now owns 25,442 shares in the company, valued at $2,293,596.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Ann Mather sold 380 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the transaction, the director now directly owns 11,300 shares in the company, valued at approximately $1,017,565. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $90.15, for a total value of $57,425.55. Following the sale, the chief accounting officer now owns 25,442 shares in the company, valued at approximately $2,293,596.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,745 shares of company stock valued at $3,424,078. Corporate insiders own 11.44% of the company’s stock.

About Alphabet

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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.