Alphabet Inc. (NASDAQ:GOOGL) Stock Position Raised by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,147 shares of the information services provider’s stock after acquiring an additional 1,988 shares during the quarter. Alphabet accounts for 1.6% of UNIVEST FINANCIAL Corp’s portfolio, making the stock its 19th largest holding. UNIVEST FINANCIAL Corp’s holdings in Alphabet were worth $5,130,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of GOOGL. Vanguard Group Inc. boosted its stake in shares of Alphabet by 1,919.4% during the 3rd quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after acquiring an additional 453,413,389 shares in the last quarter. State Street Corp boosted its stake in shares of Alphabet by 1,900.6% during the 3rd quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after acquiring an additional 206,300,042 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Alphabet by 1,759.2% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after acquiring an additional 109,870,525 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Alphabet by 1,955.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 61,134,061 shares of the information services provider’s stock worth $5,847,474,000 after acquiring an additional 58,159,150 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Alphabet by 1,896.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 58,060,946 shares of the information services provider’s stock worth $5,553,529,000 after acquiring an additional 55,153,448 shares in the last quarter. 34.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total value of $3,349,931.34. Following the transaction, the senior vice president now 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 SEC, which is available through the SEC website. In other news, SVP Prabhakar Raghavan sold 32,379 shares of the company’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the transaction, the senior vice president now owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 75,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $120.01, for a total value of $9,000,750.00. Following the transaction, the director now directly owns 32,240 shares in the company, valued at approximately $3,869,122.40. 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 601,450 shares valued at $28,354,856. Insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the subject of a number of research analyst reports. Evercore ISI increased their target price on Alphabet from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Roth Capital restated a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. Needham & Company LLC restated a “buy” rating and issued a $115.00 target price on shares of Alphabet in a report on Monday, April 3rd. MKM Partners increased their target price on Alphabet from $120.00 to $126.00 in a report on Friday, February 3rd. Finally, UBS Group increased their target price on Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, April 6th. Four analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.06.

Alphabet Stock Performance

GOOGL opened at $122.76 on Monday. The stock’s 50 day simple moving average is $106.43 and its 200-day simple moving average is $98.26. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $125.97. The stock has a market cap of $1.56 trillion, a PE ratio of 27.34, a P/E/G ratio of 1.56 and a beta of 1.10. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The company had revenue of $69.79 billion for the quarter, compared to analyst estimates of $57.19 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. During the same quarter in the previous year, the firm earned $1.23 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 5.41 EPS for the current year.

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.