X Square Capital LLC Purchases 1,200 Shares of Alphabet Inc. (NASDAQ:GOOGL)

X Square Capital LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 37.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,372 shares of the information services provider’s stock after acquiring an additional 1,200 shares during the period. X Square Capital LLC’s holdings in Alphabet were worth $454,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Spreng Capital Management Inc. increased its position in shares of Alphabet by 4.0% during the first quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock worth $364,000 after purchasing an additional 5 shares in the last quarter. West Family Investments Inc. increased its position in shares of Alphabet by 0.3% in the 1st quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock valued at $4,878,000 after acquiring an additional 6 shares during the period. Maple Capital Management Inc. increased its position in shares of Alphabet by 2.1% in the 1st quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock valued at $823,000 after acquiring an additional 6 shares during the period. Private Advisory Group LLC increased its position in shares of Alphabet by 1.8% in the 1st quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock valued at $1,115,000 after acquiring an additional 7 shares during the period. Finally, Weik Capital Management increased its position in shares of Alphabet by 0.5% in the 1st quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock valued at $4,264,000 after acquiring an additional 8 shares during the period. Hedge funds and other institutional investors own 35.08% of the company’s stock.

Alphabet Stock Up 0.2 %

Shares of NASDAQ GOOGL opened at $136.17 on Friday. The company has a 50 day simple moving average of $126.03 and a 200-day simple moving average of $114.21. The company has a market capitalization of $1.72 trillion, a P/E ratio of 28.85, a P/E/G 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. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $138.00.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. The business 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 last year, the firm earned $1.21 EPS. On average, equities research analysts predict that Alphabet Inc. will post 5.68 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays upped their target price on Alphabet from $160.00 to $200.00 in a research report on Wednesday, July 26th. Wolfe Research upped their target price on Alphabet from $130.00 to $140.00 in a research report on Monday, July 10th. UBS Group downgraded Alphabet from a “buy” rating to a “neutral” rating and upped their target price for the company from $123.00 to $132.00 in a research report on Monday, June 26th. Rosenblatt Securities upped their price target on shares of Alphabet from $132.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Finally, Robert W. Baird upped their price target on shares of Alphabet from $123.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, July 21st. Four research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.89.

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 16,031 shares of the firm’s stock in a transaction that occurred on 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 is accessible through this link. In related news, SVP Prabhakar Raghavan sold 16,083 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the completion of the transaction, the senior vice president now owns 127,028 shares of the company’s stock, valued at approximately $15,282,738.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 16,031 shares of the stock in a transaction that occurred on 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 153,813 shares of company stock worth $7,380,379 in the last 90 days. Insiders own 0.88% of the company’s stock.

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.