Relyea Zuckerberg Hanson LLC Purchases 169 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Relyea Zuckerberg Hanson LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,392 shares of the information services provider’s stock after acquiring an additional 169 shares during the quarter. Alphabet comprises 0.6% of Relyea Zuckerberg Hanson LLC’s holdings, making the stock its 29th largest holding. Relyea Zuckerberg Hanson LLC’s holdings in Alphabet were worth $3,128,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. DE Burlo Group Inc. boosted its position in shares of Alphabet by 520.0% during the second quarter. DE Burlo Group Inc. now owns 96,498 shares of the information services provider’s stock valued at $11,551,000 after buying an additional 80,934 shares during the last quarter. West Tower Group LLC purchased a new position in shares of Alphabet during the second quarter valued at approximately $88,000. Ballast Advisors LLC boosted its position in shares of Alphabet by 9.6% during the third quarter. Ballast Advisors LLC now owns 15,747 shares of the information services provider’s stock valued at $2,061,000 after buying an additional 1,385 shares during the last quarter. Quantum Financial Advisors LLC boosted its position in shares of Alphabet by 8.0% during the third quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock valued at $998,000 after buying an additional 564 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Alphabet by 2.4% during the third quarter. Acadian Asset Management LLC now owns 4,416,533 shares of the information services provider’s stock valued at $577,908,000 after buying an additional 104,366 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other news, SVP Prabhakar Raghavan sold 16,088 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 52,440 shares in the company, valued at approximately $7,294,404. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $140.11, for a total transaction of $3,152,475.00. Following the completion of the sale, the chief executive officer now directly owns 2,422,691 shares in the company, valued at approximately $339,443,236.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Prabhakar Raghavan sold 16,088 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 52,440 shares of the company’s stock, valued at $7,294,404. The disclosure for this sale can be found here. In the last three months, insiders sold 263,312 shares of company stock worth $37,268,315. 0.88% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $150.93 on Monday. The firm has a market capitalization of $1.88 trillion, a P/E ratio of 26.02, a P/E/G ratio of 1.39 and a beta of 1.04. 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 stock’s 50-day simple moving average is $143.76 and its two-hundred day simple moving average is $138.33. Alphabet Inc. has a twelve month low of $99.78 and a twelve month high of $153.78.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share 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 analyst estimates 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 prior year, the company earned $1.05 EPS. As a group, equities analysts anticipate that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Truist Financial cut their target price on Alphabet from $160.00 to $158.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Wedbush boosted their price objective on Alphabet from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. JMP Securities boosted their price objective on Alphabet from $150.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 31st. Roth Mkm cut their price objective on Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Finally, Barclays cut their price objective on Alphabet from $180.00 to $173.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. Five equities research 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $155.48.

Check Out Our Latest Stock Report on Alphabet

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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