Alphabet Inc. (NASDAQ:GOOGL) Position Increased by Mather Group LLC.

Mather Group LLC. grew its holdings in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,662.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,685 shares of the information services provider’s stock after purchasing an additional 27,057 shares during the period. Mather Group LLC.’s holdings in Alphabet were worth $2,744,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GOOGL. Vanguard Group Inc. increased its holdings in Alphabet by 1,919.4% in the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after buying an additional 453,413,389 shares during the last quarter. State Street Corp increased its holdings in Alphabet by 1,900.6% in the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after buying an additional 206,300,042 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Alphabet by 1,759.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after buying an additional 109,870,525 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Alphabet by 1,955.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 61,134,061 shares of the information services provider’s stock worth $5,847,474,000 after buying an additional 58,159,150 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Alphabet by 1,896.9% in the third quarter. Bank of New York Mellon Corp now owns 58,060,946 shares of the information services provider’s stock worth $5,553,529,000 after buying an additional 55,153,448 shares during the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Roth Capital reiterated a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. Morgan Stanley increased their price target on Alphabet from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Loop Capital raised their price objective on shares of Alphabet from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, February 8th. Wells Fargo & Company raised their price objective on shares of Alphabet from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Finally, Mizuho lowered their price objective on shares of Alphabet from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, November 30th. Five investment analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.32.

Alphabet Stock Up 3.1 %

Shares of GOOGL stock opened at $93.97 on Wednesday. The firm has a fifty day moving average of $94.35 and a 200-day moving average of $96.30. 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 company has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 1.25 and a beta of 1.09.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its earnings results 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). 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 analyst estimates of $63.15 billion. During the same quarter in the previous year, the company posted $1.53 EPS. As a group, equities research analysts predict that Alphabet Inc. will post 5.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Ann Mather sold 380 shares of the stock in a transaction on 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 in the company, valued at $1,008,412. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, Director Ann Mather sold 380 shares of the 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 sale, the director now owns 11,300 shares in the company, valued at $1,008,412. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 22,203 shares of the 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 completion of the sale, the senior vice president now owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,745 shares of company stock worth $3,424,078. 11.44% of the stock is owned by insiders.

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.