Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Everett Harris & Co. CA

Everett Harris & Co. CA grew its position in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 629,632 shares of the information services provider’s stock after acquiring an additional 3,325 shares during the quarter. Alphabet comprises 1.3% of Everett Harris & Co. CA’s portfolio, making the stock its 18th biggest position. Everett Harris & Co. CA’s holdings in Alphabet were worth $87,953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Live Oak Investment Partners purchased a new position in Alphabet in the fourth quarter valued at about $26,000. VitalStone Financial LLC raised its holdings in shares of Alphabet by 1,900.0% during the 2nd quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock valued at $34,000 after buying an additional 266 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new position in Alphabet during the 4th quarter worth approximately $34,000. Turim 21 Investimentos Ltda. purchased a new position in Alphabet in the 3rd quarter worth approximately $38,000. Finally, Meritage Group LP grew its position in Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 276 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 12,084 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total value of $1,826,979.96. Following the completion of the transaction, the insider now owns 48,717 shares in the company, valued at approximately $7,365,523.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Amie Thuener O’toole sold 425 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total value of $59,334.25. Following the sale, the chief accounting officer now owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Kent Walker sold 12,084 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total value of $1,826,979.96. Following the transaction, the insider now directly owns 48,717 shares of the company’s stock, valued at approximately $7,365,523.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 263,312 shares of company stock valued at $37,268,315. 0.88% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 0.0 %

Alphabet stock opened at $150.93 on Friday. Alphabet Inc. has a 52-week low of $99.78 and a 52-week high of $153.78. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm 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. The firm has a 50-day moving average price of $143.76 and a two-hundred day moving average price of $138.31.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on GOOGL. 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. Wells Fargo & Company raised their target price on Alphabet from $141.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. Wolfe Research boosted their price target on Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Royal Bank of Canada restated an “outperform” rating and set a $155.00 price objective on shares of Alphabet in a research note on Wednesday, January 31st. Finally, Susquehanna upped their target price on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.48.

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Alphabet Company 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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