Murphy Pohlad Asset Management LLC Acquires 218 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Murphy Pohlad Asset Management LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,918 shares of the information services provider’s stock after purchasing an additional 218 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Alphabet were worth $827,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Bornite Capital Management LP bought a new position in Alphabet in the first quarter valued at approximately $16,688,000. Markel Corp increased its stake in Alphabet by 17.0% in the first quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock valued at $43,110,000 after acquiring an additional 2,250 shares during the last quarter. United Bank increased its stake in Alphabet by 5.9% in the first quarter. United Bank now owns 2,033 shares of the information services provider’s stock valued at $5,654,000 after acquiring an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Alphabet by 23.4% in 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 acquiring an additional 61,427 shares during the last quarter. Finally, Dakota Wealth Management increased its stake in Alphabet by 20.4% in the first quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock valued at $25,806,000 after acquiring an additional 1,570 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $154.56 on Wednesday. The firm’s 50-day moving average price is $143.95 and its 200-day moving average price is $138.46. Alphabet Inc. has a 1-year low of $101.93 and a 1-year high of $155.74. The firm has a market capitalization of $1.92 trillion, a P/E ratio of 26.65, a P/E/G ratio of 1.39 and a beta of 1.05. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced 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. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wolfe Research lifted their price objective on shares of Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Susquehanna boosted their target price on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. BMO Capital Markets boosted their target price on shares of Alphabet from $170.00 to $178.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $155.00 target price on shares of Alphabet in a research note on Wednesday, January 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 target price on shares of Alphabet in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $155.48.

Check Out Our Latest Stock Report on GOOGL

Insider Activity

In other news, CAO Amie Thuener O’toole sold 660 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $143.49, for a total transaction of $28,698.00. Following the completion of the sale, the director now directly owns 6,784 shares of the company’s stock, valued at $973,436.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 228,239 shares of company stock worth $32,432,382. Company insiders own 0.88% of the company’s stock.

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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