Clark Financial Services Group Inc. BD Makes New $202,000 Investment in Alphabet Inc. (NASDAQ:GOOGL)

Clark Financial Services Group Inc. BD acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,113 shares of the information services provider’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOGL. Bornite Capital Management LP bought a new position in shares of Alphabet in the first quarter worth approximately $16,688,000. Markel Corp increased its position in shares of Alphabet by 17.0% in the first quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock valued at $43,110,000 after acquiring an additional 2,250 shares during the period. United Bank raised its stake in shares of Alphabet by 5.9% during the first quarter. United Bank now owns 2,033 shares of the information services provider’s stock valued at $5,654,000 after acquiring an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Alphabet by 23.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock worth $900,929,000 after purchasing an additional 61,427 shares during the period. Finally, Dakota Wealth Management grew its stake in shares of Alphabet by 20.4% in the first quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock worth $25,806,000 after purchasing an additional 1,570 shares during the last quarter. Institutional investors own 34.06% of the company’s stock.

Alphabet Stock Up 0.5 %

Shares of GOOGL stock opened at $91.11 on Tuesday. Alphabet Inc. has a one year low of $83.34 and a one year high of $143.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34. The company has a market capitalization of $1.17 trillion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.25 and a beta of 1.09. The company’s fifty day moving average price is $94.25 and its 200-day moving average price is $96.41.

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

Insider Buying and Selling

In other Alphabet news, Director Ann Mather sold 380 shares of the stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total transaction of $33,911.20. Following the completion of the transaction, the director now owns 11,300 shares of the company’s stock, valued at approximately $1,008,412. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ann Mather sold 380 shares of the firm’s stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total value of $33,911.20. Following the completion of the transaction, the director now directly owns 11,300 shares of the company’s stock, valued at $1,008,412. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 22,203 shares of the company’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the sale, the senior vice president now directly owns 76,579 shares in the company, valued at approximately $6,872,965.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,745 shares of company stock worth $3,424,078. 11.44% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GOOGL shares. Wells Fargo & Company increased their price objective on Alphabet from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $130.00 price target on shares of Alphabet in a research note on Friday, February 10th. Barclays upped their price objective on shares of Alphabet from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Morgan Stanley lifted their target price on shares of Alphabet from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $115.00 price target on shares of Alphabet in a research note on Wednesday, March 8th. Five equities research 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. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $132.32.

Alphabet 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.