Alphabet Inc. (NASDAQ:GOOGL) is Great Lakes Retirement Inc.’s 7th Largest Position

Great Lakes Retirement Inc. grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 3.4% in the 4th quarter, HoldingsChannel reports. The firm owned 113,463 shares of the information services provider’s stock after acquiring an additional 3,715 shares during the quarter. Alphabet accounts for approximately 2.6% of Great Lakes Retirement Inc.’s investment portfolio, making the stock its 7th biggest holding. Great Lakes Retirement Inc.’s holdings in Alphabet were worth $15,850,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Live Oak Investment Partners purchased a new stake in Alphabet in the 4th quarter worth about $26,000. VitalStone Financial LLC increased its holdings in Alphabet by 1,900.0% in the 2nd quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock worth $34,000 after acquiring an additional 266 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in Alphabet in the 4th quarter worth about $34,000. Turim 21 Investimentos Ltda. bought a new position in Alphabet in the 3rd quarter worth about $38,000. Finally, Meritage Group LP boosted its stake in Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $150.93 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The business has a 50 day moving average of $143.76 and a 200 day moving average of $138.31. The company has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.39 and a beta of 1.04. Alphabet Inc. has a 1-year low of $99.78 and a 1-year high of $153.78.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period in the previous year, the firm earned $1.05 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alphabet news, SVP Prabhakar Raghavan sold 16,088 shares of Alphabet stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total value of $2,237,840.80. Following the transaction, the senior vice president now directly owns 52,440 shares of the company’s stock, valued at approximately $7,294,404. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Prabhakar Raghavan sold 16,088 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $139.10, for a total value of $2,237,840.80. Following the transaction, the senior vice president now directly owns 52,440 shares in the company, valued at $7,294,404. The disclosure for this sale can be found here. Insiders have sold 263,312 shares of company stock valued at $37,268,315 in the last ninety days. Company insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on GOOGL shares. Wolfe Research raised their target price on Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Barclays cut their target price on Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Mizuho raised their target price on Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Needham & Company LLC restated a “buy” rating and issued a $160.00 target price on shares of Alphabet in a research note on Wednesday, January 31st. Finally, JMP Securities raised their target price on Alphabet from $150.00 to $160.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.48.

Read Our Latest Stock Analysis on Alphabet

Alphabet Profile

(Free Report)

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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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