Natixis Advisors L.P. Grows Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Natixis Advisors L.P. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,453,556 shares of the information services provider’s stock after acquiring an additional 321,716 shares during the quarter. Alphabet comprises about 1.2% of Natixis Advisors L.P.’s investment portfolio, making the stock its 6th biggest holding. Natixis Advisors L.P.’s holdings in Alphabet were worth $358,237,000 at the end of the most recent reporting period.

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

Alphabet Trading Down 0.4 %

Shares of GOOGL stock opened at $135.66 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.71 trillion, a P/E ratio of 28.74, a P/E/G ratio of 1.51 and a beta of 1.06. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $138.00. The firm has a 50-day moving average price of $126.30 and a 200 day moving average price of $114.49.

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

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $125.65, for a total value of $25,130.00. Following the completion of the sale, the director now directly owns 5,740 shares in the company, valued at $721,231. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Alphabet news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $125.65, for a total value of $25,130.00. Following the transaction, the director now directly owns 5,740 shares of the company’s stock, valued at $721,231. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $135.56, for a total transaction of $31,178.80. Following the sale, the director now directly owns 13,618 shares of the company’s stock, valued at approximately $1,846,056.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,043 shares of company stock worth $7,411,558. Insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on GOOGL. Loop Capital upped their price target on Alphabet from $125.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. TD Cowen increased their price target on Alphabet from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, July 13th. The Goldman Sachs Group boosted their price objective on shares of Alphabet from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, July 17th. Bank of America raised their target price on shares of Alphabet from $142.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $121.00 to $150.00 in a research report 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $143.89.

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.