DeDora Capital Inc. Has $3.10 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

DeDora Capital Inc. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,160 shares of the information services provider’s stock after selling 238 shares during the quarter. Alphabet comprises approximately 1.1% of DeDora Capital Inc.’s investment portfolio, making the stock its 22nd biggest holding. DeDora Capital Inc.’s holdings in Alphabet were worth $3,096,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GOOGL. Bornite Capital Management LP acquired a new position in Alphabet during the first quarter valued at approximately $16,688,000. Markel Corp grew its holdings in Alphabet by 17.0% during the first quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock valued at $43,110,000 after purchasing an additional 2,250 shares during the period. United Bank grew its holdings in Alphabet by 5.9% during the first quarter. United Bank now owns 2,033 shares of the information services provider’s stock valued at $5,654,000 after purchasing an additional 113 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Alphabet by 23.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock valued at $900,929,000 after purchasing an additional 61,427 shares during the period. Finally, Dakota Wealth Management grew its holdings in Alphabet by 20.4% during the first quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock valued at $25,806,000 after purchasing an additional 1,570 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL opened at $150.93 on Monday. The firm has a market capitalization of $1.88 trillion, a PE ratio of 26.02, a PEG ratio of 1.39 and a beta of 1.04. The company’s 50-day moving average is $143.76 and its 200-day moving average is $138.33. Alphabet Inc. has a fifty-two week low of $99.78 and a fifty-two week high of $153.78. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

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 for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same period in the prior year, the firm earned $1.05 earnings per share. Equities analysts forecast that Alphabet Inc. will post 6.77 EPS for the current year.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 425 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $139.61, for a total value of $59,334.25. Following the transaction, the chief accounting officer now directly owns 27,259 shares of the company’s stock, valued at $3,805,628.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $143.49, for a total value of $28,698.00. Following the transaction, the director now directly owns 6,784 shares in the company, valued at $973,436.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 425 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $139.61, for a total transaction of $59,334.25. Following the completion of the transaction, the chief accounting officer now owns 27,259 shares in the company, valued at $3,805,628.99. The disclosure for this sale can be found here. Insiders have sold 263,312 shares of company stock valued at $37,268,315 over the last ninety days. 0.88% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GOOGL shares. StockNews.com upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Citigroup upped their price target on shares of Alphabet from $153.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Truist Financial reduced their price target on shares of Alphabet from $160.00 to $158.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Wolfe Research upped their price target on shares of Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, Roth Mkm reduced their price target on shares of Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a report 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 given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.48.

Check Out Our Latest Analysis on GOOGL

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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