Boston Partners Purchases 308,483 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Boston Partners lifted its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,957,728 shares of the information services provider’s stock after buying an additional 308,483 shares during the period. Alphabet comprises 1.0% of Boston Partners’ portfolio, making the stock its 22nd largest holding. Boston Partners owned about 0.06% of Alphabet worth $706,903,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. FourThought Financial Partners LLC bought a new position in Alphabet in the fourth quarter worth approximately $5,415,000. Willow Creek Wealth Management Inc. raised its position in 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 acquiring an additional 17,631 shares during the period. Bfsg LLC raised its position in Alphabet by 160.5% in the fourth quarter. Bfsg LLC now owns 8,075 shares of the information services provider’s stock worth $712,000 after acquiring an additional 4,975 shares during the period. Ibex Investors LLC purchased a new stake in shares of Alphabet in the fourth quarter worth $2,617,000. Finally, Arjuna Capital increased its stake in shares of Alphabet by 2.8% in the fourth quarter. Arjuna Capital now owns 127,545 shares of the information services provider’s stock worth $11,253,000 after purchasing an additional 3,427 shares in the last quarter. Institutional investors own 34.06% of the company’s stock.

Alphabet Trading Up 4.3 %

NASDAQ GOOGL opened at $116.57 on Friday. The firm’s 50-day moving average is $103.23 and its two-hundred day moving average is $97.19. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $122.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32. The stock has a market capitalization of $1.48 trillion, a P/E ratio of 25.96, a PEG ratio of 1.35 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.11. The business had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $57.19 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. During the same quarter in the prior year, the company earned $1.23 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 5.39 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BNP Paribas raised shares of Alphabet from a “neutral” rating to an “outperform” rating and set a $123.00 price objective for the company in a research note on Friday, March 17th. UBS Group increased their price objective on shares of Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. Bank of America increased their price objective on shares of Alphabet from $125.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Piper Sandler raised their target price on shares of Alphabet from $117.00 to $128.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Finally, Wolfe Research raised their target price on shares of Alphabet from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Three investment analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $130.06.

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the sale, the insider now owns 11,421,476 shares of the company’s stock, valued at $161,385,455.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the stock in a transaction dated Monday, March 13th. The shares were acquired at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the transaction, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the transaction, the insider now owns 11,421,476 shares in the company, valued at $161,385,455.88. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 732,217 shares of company stock valued at $21,135,371 and have sold 238,811 shares valued at $15,576,939. Corporate insiders own 11.44% of the company’s stock.

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.