Thomas White International Ltd. Increases Position in Alphabet Inc. (NASDAQ:GOOGL)

Thomas White International Ltd. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,900.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,820 shares of the information services provider’s stock after acquiring an additional 17,879 shares during the period. Thomas White International Ltd.’s holdings in Alphabet were worth $1,800,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GOOGL. IAG Wealth Partners LLC grew its stake in shares of Alphabet by 3,275.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock valued at $26,000 after buying an additional 262 shares during the period. Artemis Wealth Advisors LLC grew its stake in shares of Alphabet by 1,900.0% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after buying an additional 266 shares during the period. Laurel Wealth Planning LLC grew its stake in shares of Alphabet by 1,900.0% in the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after buying an additional 285 shares during the period. Coston McIsaac & Partners grew its stake in shares of Alphabet by 1,900.0% in the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock valued at $30,000 after buying an additional 304 shares during the period. Finally, Horizons Wealth Management purchased a new stake in shares of Alphabet in the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 34.06% of the company’s stock.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the sale, the chief accounting officer now directly owns 25,122 shares in the company, valued at approximately $2,289,870.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at approximately $2,289,870.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 380 shares of the firm’s stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $89.24, for a total transaction of $33,911.20. Following the transaction, the director now directly owns 11,300 shares in the company, valued at $1,008,412. The disclosure for this sale can be found here. Insiders have sold 36,745 shares of company stock worth $3,424,078 in the last ninety days. 11.44% of the stock is owned by corporate insiders.

Alphabet Price Performance

Shares of GOOGL opened at $93.97 on Wednesday. The firm’s fifty day simple moving average is $94.35 and its 200-day simple moving average is $96.30. Alphabet Inc. has a twelve month low of $83.34 and a twelve 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 firm 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.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its quarterly 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 company had revenue of $76.05 billion for the quarter, compared to analyst estimates of $63.15 billion. During the same quarter in the prior year, the business earned $1.53 earnings per share. Equities analysts forecast that Alphabet Inc. will post 5.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on GOOGL. Barclays increased their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. JMP Securities reissued a “market outperform” rating and issued a $132.00 price target on shares of Alphabet in a research note on Friday, February 3rd. Tigress Financial lowered their price objective on shares of Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a research report on Friday, January 6th. Truist Financial lowered their price objective on shares of Alphabet from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Finally, Wells Fargo & Company increased their price objective on shares of Alphabet from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Five research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.32.

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.