Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Plancorp LLC

Plancorp LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,120 shares of the information services provider’s stock after buying an additional 133 shares during the quarter. Plancorp LLC’s holdings in Alphabet were worth $1,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. Vanguard Group Inc. grew its position in Alphabet by 1,919.4% during the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after buying an additional 453,413,389 shares during the period. State Street Corp grew its position in shares of Alphabet by 1,900.6% in the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock valued at $20,770,809,000 after purchasing an additional 206,300,042 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Alphabet by 111,197.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock valued at $15,036,178,000 after purchasing an additional 170,267,122 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Alphabet by 1,759.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock valued at $11,106,502,000 after purchasing an additional 109,870,525 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $8,335,063,000. 35.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, Director Ann Mather sold 220 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $130.14, for a total value of $28,630.80. Following the completion of the sale, the director now owns 4,818 shares of the company’s stock, valued at approximately $627,014.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $125.65, for a total value of $25,130.00. Following the completion of the transaction, the director now directly owns 5,740 shares of the company’s stock, valued at approximately $721,231. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 220 shares of Alphabet stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $130.14, for a total transaction of $28,630.80. Following the completion of the transaction, the director now directly owns 4,818 shares of the company’s stock, valued at $627,014.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 163,353 shares of company stock valued at $8,576,028. Insiders own 0.88% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $135.88 on Thursday. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $136.57. The company has a market capitalization of $1.71 trillion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 1.51 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.14. The firm’s fifty day moving average price is $125.77 and its 200 day moving average price is $114.05.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.12. The company had revenue of $74.60 billion during the quarter, compared to the consensus estimate of $60.24 billion. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. During the same quarter in the previous year, the firm earned $1.21 EPS. On average, research analysts forecast that Alphabet Inc. will post 5.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several research reports. UBS Group lowered shares of Alphabet from a “buy” rating to a “neutral” rating and increased their price target for the company from $123.00 to $132.00 in a research report on Monday, June 26th. Credit Suisse Group increased their price target on shares of Alphabet from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, July 17th. Morgan Stanley increased their price target on shares of Alphabet from $150.00 to $155.00 in a research report on Wednesday, July 26th. Jefferies Financial Group upped their price objective on shares of Alphabet from $150.00 to $165.00 in a research note on Wednesday, July 26th. Finally, Truist Financial upped their price objective on shares of Alphabet from $122.00 to $160.00 in a research note on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.08.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.