Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Lifted by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co raised its stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2,193.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 167,297 shares of the information services provider’s stock after buying an additional 160,002 shares during the period. Alphabet makes up about 0.4% of Meiji Yasuda Life Insurance Co’s investment portfolio, making the stock its 14th largest holding. Meiji Yasuda Life Insurance Co’s holdings in Alphabet were worth $16,002,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Willow Creek Wealth Management Inc. increased its holdings 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 valued at $1,774,000 after buying an additional 17,631 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in Alphabet during the 3rd quarter valued at $55,305,000. Griffin Asset Management Inc. raised its stake in Alphabet by 1,900.0% during the 3rd quarter. Griffin Asset Management Inc. now owns 52,240 shares of the information services provider’s stock valued at $4,997,000 after purchasing an additional 49,628 shares during the period. Bridgewater Advisors Inc. raised its stake in Alphabet by 3,005.0% during the 3rd quarter. Bridgewater Advisors Inc. now owns 67,503 shares of the information services provider’s stock valued at $6,457,000 after purchasing an additional 65,329 shares during the period. Finally, Adell Harriman & Carpenter Inc. raised its stake in Alphabet by 1,915.2% during the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 129,797 shares of the information services provider’s stock valued at $12,415,000 after purchasing an additional 123,356 shares during the period. Institutional investors own 34.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Alphabet from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Tigress Financial lowered their price target on shares of Alphabet from $186.00 to $160.00 and set a “strong-buy” rating on the stock in a report on Friday, January 6th. New Street Research started coverage on shares of Alphabet in a report on Wednesday, January 4th. They issued a “buy” rating and a $118.00 price objective for the company. Rosenblatt Securities decreased their price objective on shares of Alphabet from $130.00 to $128.00 and set a “buy” rating for the company in a report on Friday, February 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $130.00 price objective on shares of Alphabet in a report on Friday, February 10th. Five analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.32.

Insider Buying and Selling

In related news, Director Ann Mather sold 340 shares of Alphabet stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $96.92, for a total transaction of $32,952.80. Following the completion of the sale, the director now directly owns 11,300 shares of the company’s stock, valued at $1,095,196. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of the business’s 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 completion of the transaction, the chief accounting officer now directly owns 25,442 shares of the company’s stock, valued at $2,293,596.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 340 shares of the business’s stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $96.92, for a total value of $32,952.80. Following the completion of the transaction, the director now directly owns 11,300 shares of the company’s stock, valued at $1,095,196. The disclosure for this sale can be found here. Insiders sold a total of 36,745 shares of company stock valued at $3,424,078 over the last three months. Company insiders own 11.44% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $93.97 on Wednesday. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $143.79. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38. The stock has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.25 and a beta of 1.09. The firm has a fifty day moving average of $94.35 and a two-hundred day moving average of $96.30.

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 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 company had revenue of $76.05 billion for the quarter, compared to analyst estimates of $63.15 billion. During the same period last year, the firm earned $1.53 earnings per share. As a group, equities research analysts predict that Alphabet Inc. will post 5.12 EPS 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.