Future Fund LLC Raises Position in Alphabet Inc. (NASDAQ:GOOGL)

Future Fund LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,826.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,012 shares of the information services provider’s stock after acquiring an additional 7,596 shares during the quarter. Alphabet comprises approximately 1.5% of Future Fund LLC’s portfolio, making the stock its 2nd biggest holding. Future Fund LLC’s holdings in Alphabet were worth $766,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares 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 worth $1,774,000 after purchasing an additional 17,631 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of Alphabet in the third quarter worth $55,305,000. Griffin Asset Management Inc. increased its holdings in shares of Alphabet by 1,900.0% in the third quarter. Griffin Asset Management Inc. now owns 52,240 shares of the information services provider’s stock worth $4,997,000 after purchasing an additional 49,628 shares during the period. Bridgewater Advisors Inc. increased its holdings in shares of Alphabet by 3,005.0% in the third quarter. Bridgewater Advisors Inc. now owns 67,503 shares of the information services provider’s stock worth $6,457,000 after purchasing an additional 65,329 shares during the period. Finally, Adell Harriman & Carpenter Inc. increased its holdings in shares of Alphabet by 1,915.2% in the third quarter. Adell Harriman & Carpenter Inc. now owns 129,797 shares of the information services provider’s stock worth $12,415,000 after purchasing an additional 123,356 shares during the period. Institutional investors own 34.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. MKM Partners increased their target price on Alphabet from $120.00 to $126.00 in a research note on Friday, February 3rd. Roth Capital reissued a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. Jefferies Financial Group reissued a “buy” rating and issued a $130.00 target price on shares of Alphabet in a research note on Friday, February 10th. Loop Capital increased their target price on Alphabet from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Finally, Credit Suisse Group reduced their target price on Alphabet from $145.00 to $136.00 and set an “outperform” rating on the stock 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $132.32.

Insider Activity at Alphabet

In related news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the completion of the transaction, the senior vice president now owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of Alphabet stock in a transaction on Monday, March 13th. The stock was acquired at an average price of $29.29 per share, with a total value of $12,155,350.00. Following the acquisition, the insider now owns 1,709,527 shares in the company, valued at $50,072,045.83. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 22,203 shares of Alphabet stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total value of $1,992,719.25. Following the completion of the sale, the senior vice president now directly 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. Insiders sold a total of 36,745 shares of company stock valued at $3,424,078 in the last 90 days. Corporate insiders own 11.44% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $96.11 on Thursday. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $143.79. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.23 trillion, a P/E ratio of 21.12, a PEG ratio of 1.25 and a beta of 1.09. The stock’s 50 day moving average is $94.51 and its 200 day moving average is $96.29.

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

Alphabet Profile

(Get Rating)

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.