Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Meitav Investment House Ltd.

Meitav Investment House Ltd. boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 24.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 732,950 shares of the information services provider’s stock after acquiring an additional 145,690 shares during the period. Alphabet comprises 1.3% of Meitav Investment House Ltd.’s investment portfolio, making the stock its 22nd biggest holding. Meitav Investment House Ltd.’s holdings in Alphabet were worth $75,112,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. Sun Life Financial Inc. boosted its holdings in shares of Alphabet by 9.1% in the 1st quarter. Sun Life Financial Inc. now owns 7,855 shares of the information services provider’s stock valued at $812,000 after buying an additional 655 shares in the last quarter. Plancorp LLC boosted its holdings in shares of Alphabet by 0.9% in the 1st quarter. Plancorp LLC now owns 15,120 shares of the information services provider’s stock valued at $1,568,000 after buying an additional 133 shares in the last quarter. Intelligence Driven Advisers LLC acquired a new position in shares of Alphabet in the 1st quarter valued at $336,000. Three Bridge Wealth Advisors LLC boosted its holdings in shares of Alphabet by 24.1% in the 1st quarter. Three Bridge Wealth Advisors LLC now owns 18,574 shares of the information services provider’s stock valued at $1,927,000 after buying an additional 3,613 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Alphabet by 3.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,437,585 shares of the information services provider’s stock valued at $2,552,850,000 after buying an additional 72,165 shares in the last quarter. Institutional investors and hedge funds own 35.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on GOOGL shares. Rosenblatt Securities upped their target price on shares of Alphabet from $132.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Mizuho upped their price target on shares of Alphabet from $135.00 to $155.00 in a research report on Wednesday, July 26th. 51job reiterated a “downgrade” rating on shares of Alphabet in a research report on Tuesday, June 27th. Jefferies Financial Group upped their price target on shares of Alphabet from $150.00 to $165.00 in a research report on Wednesday, July 26th. Finally, Wells Fargo & Company upped their price target on shares of Alphabet from $116.00 to $121.00 in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $143.89.

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 16,031 shares of Alphabet stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $14.98, for a total transaction of $240,144.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, 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 sale, the director now directly owns 4,818 shares in the company, valued at $627,014.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 16,031 shares of Alphabet stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $14.98, for a total transaction of $240,144.38. The disclosure for this sale can be found here. Insiders sold a total of 153,813 shares of company stock worth $7,380,379 over the last ninety days. 0.88% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $136.17 on Friday. The company has a current ratio of 2.17, a quick ratio of 2.14 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $126.03 and a two-hundred day moving average price of $114.21. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $138.00. The company has a market capitalization of $1.72 trillion, a P/E ratio of 28.85, a price-to-earnings-growth ratio of 1.51 and a beta of 1.06.

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

Alphabet Company Profile

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.