Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Cozad Asset Management Inc.

Cozad Asset Management Inc. raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,062 shares of the information services provider’s stock after buying an additional 1,730 shares during the quarter. Alphabet comprises about 1.3% of Cozad Asset Management Inc.’s investment portfolio, making the stock its 11th biggest position. Cozad Asset Management Inc.’s holdings in Alphabet were worth $9,181,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Crewe Advisors LLC boosted its holdings in shares of Alphabet by 72.1% during the fourth quarter. Crewe Advisors LLC now owns 21,331 shares of the information services provider’s stock worth $1,882,000 after purchasing an additional 8,933 shares during the last quarter. Hikari Tsushin Inc. raised its position in shares of Alphabet by 9.1% in the 4th quarter. Hikari Tsushin Inc. now owns 814,349 shares of the information services provider’s stock worth $71,850,000 after buying an additional 68,009 shares during the period. Pavion Blue Capital LLC raised its position in shares of Alphabet by 1.1% in the 4th quarter. Pavion Blue Capital LLC now owns 9,190 shares of the information services provider’s stock worth $811,000 after buying an additional 100 shares during the period. Amussen Hunsaker Associates LLC raised its position in shares of Alphabet by 0.5% in the 4th quarter. Amussen Hunsaker Associates LLC now owns 79,942 shares of the information services provider’s stock worth $7,055,000 after buying an additional 412 shares during the period. Finally, Nuance Investments LLC raised its position in shares of Alphabet by 38.6% in the 4th quarter. Nuance Investments LLC now owns 37,333 shares of the information services provider’s stock worth $3,294,000 after buying an additional 10,388 shares during the period. Institutional investors and hedge funds own 34.06% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total transaction of $68,483.87. Following the completion of the transaction, the chief accounting officer now owns 25,937 shares of the company’s stock, valued at approximately $2,788,486.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Prabhakar Raghavan sold 32,379 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the sale, the senior vice president now directly owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 637 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total transaction of $68,483.87. Following the sale, the chief accounting officer now directly owns 25,937 shares in the company, valued at $2,788,486.87. The disclosure for this sale can be found here. In the last quarter, insiders bought 732,217 shares of company stock valued at $21,135,371 and sold 326,208 shares valued at $16,803,119. Company insiders own 11.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on GOOGL shares. Piper Sandler raised their price objective on Alphabet from $117.00 to $128.00 and gave the company an “overweight” rating in a research report on Wednesday, April 26th. Jefferies Financial Group reissued a “buy” rating and issued a $130.00 price objective on shares of Alphabet in a research report on Friday, February 10th. Evercore ISI raised their price objective on Alphabet from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Oppenheimer lifted their target price on Alphabet from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Finally, Credit Suisse Group dropped their target price on Alphabet from $136.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 26th. Three 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.06.

Alphabet Trading Up 0.8 %

Alphabet stock opened at $117.51 on Friday. The company’s fifty day simple moving average is $103.71 and its 200-day simple moving average is $97.29. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $122.43. The stock has a market cap of $1.49 trillion, a P/E ratio of 26.17, a P/E/G ratio of 1.35 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The firm had revenue of $69.79 billion during 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 period in the prior year, the company posted $1.23 earnings per share. As a group, sell-side analysts forecast that Alphabet Inc. will post 5.39 EPS for the current fiscal year.

About Alphabet

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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.