Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Derbend Asset Management

Derbend Asset Management grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 33.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,721 shares of the information services provider’s stock after buying an additional 679 shares during the period. Derbend Asset Management’s holdings in Alphabet were worth $380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Insight Advisors LLC PA raised its position in shares of Alphabet by 1.1% in the fourth quarter. Insight Advisors LLC PA now owns 28,341 shares of the information services provider’s stock valued at $3,959,000 after buying an additional 321 shares during the last quarter. Semus Wealth Partners LLC grew its holdings in shares of Alphabet by 6.2% in the fourth quarter. Semus Wealth Partners LLC now owns 19,731 shares of the information services provider’s stock valued at $2,756,000 after purchasing an additional 1,158 shares during the period. Leavell Investment Management Inc. grew its holdings in shares of Alphabet by 6.1% in the fourth quarter. Leavell Investment Management Inc. now owns 34,006 shares of the information services provider’s stock valued at $4,750,000 after purchasing an additional 1,949 shares during the period. Regency Capital Management Inc. DE grew its holdings in shares of Alphabet by 6.3% in the fourth quarter. Regency Capital Management Inc. DE now owns 5,594 shares of the information services provider’s stock valued at $781,000 after purchasing an additional 334 shares during the period. Finally, Camelot Portfolios LLC grew its holdings in shares of Alphabet by 116.1% in the fourth quarter. Camelot Portfolios LLC now owns 7,445 shares of the information services provider’s stock valued at $1,040,000 after purchasing an additional 4,000 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Up 1.1 %

GOOGL stock opened at $156.60 on Wednesday. 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 Inc. has a twelve month low of $102.63 and a twelve month high of $158.56. The company’s 50 day moving average is $144.33 and its two-hundred day moving average is $139.28. The stock has a market cap of $1.95 trillion, a P/E ratio of 27.00, a PEG ratio of 1.41 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data 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. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter last year, the company earned $1.05 earnings per share. Research analysts expect that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GOOGL. Redburn Atlantic upped their price objective on shares of Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Wolfe Research upped their price objective on shares of Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. JMP Securities upped their price objective on shares of Alphabet from $150.00 to $160.00 and gave the company a “market outperform” rating in a report on Wednesday, January 31st. 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. Finally, Susquehanna increased 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. Five analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $155.39.

Insiders Place Their Bets

In other Alphabet news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the sale, the chief financial officer now owns 1,777,106 shares of the company’s stock, valued at $243,854,485.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the transaction, the chief financial officer now directly owns 1,777,106 shares in the company, valued at $243,854,485.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the transaction, the senior vice president now owns 144,685 shares in the company, valued at $22,566,519.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 250,539 shares of company stock valued at $35,906,259. 0.88% of the stock is owned by corporate insiders.

About Alphabet

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.