Alphabet Inc. (NASDAQ:GOOGL) Holdings Boosted by Boston Trust Walden Corp

Boston Trust Walden Corp grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,580,457 shares of the information services provider’s stock after acquiring an additional 33,058 shares during the period. Alphabet comprises about 1.7% of Boston Trust Walden Corp’s investment portfolio, making the stock its 4th biggest position. Boston Trust Walden Corp’s holdings in Alphabet were worth $220,774,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Alphabet by 0.3% in the third quarter. Vanguard Group Inc. now owns 487,435,495 shares of the information services provider’s stock valued at $63,785,809,000 after acquiring an additional 1,302,104 shares in the last quarter. FMR LLC lifted its position in shares of Alphabet by 5.6% in the third quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after buying an additional 12,070,681 shares in the last quarter. State Street Corp lifted its position in shares of Alphabet by 1,900.6% in the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after buying an additional 206,300,042 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Alphabet by 111,197.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock worth $15,036,178,000 after buying an additional 170,267,122 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Alphabet by 1.3% in the first quarter. Geode Capital Management LLC now owns 118,576,618 shares of the information services provider’s stock worth $12,271,705,000 after buying an additional 1,499,107 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Down 0.3 %

Shares of NASDAQ:GOOGL opened at $156.14 on Thursday. Alphabet Inc. has a 52-week low of $102.63 and a 52-week high of $158.56. The stock has a market cap of $1.94 trillion, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. The business’s 50 day moving average is $144.65 and its 200 day moving average is $139.39. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last announced 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 company had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 6.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on GOOGL. Royal Bank of Canada reiterated an “outperform” rating and issued a $155.00 target price on shares of Alphabet in a research report on Wednesday, January 31st. KeyCorp boosted their target price on Alphabet from $153.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Wedbush reiterated an “outperform” rating and issued a $175.00 target price on shares of Alphabet in a research report on Wednesday. Mizuho boosted their target price on Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, StockNews.com upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Five research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.61.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $142.14, for a total transaction of $3,198,150.00. Following the sale, the chief executive officer now owns 2,400,191 shares of the company’s stock, valued at approximately $341,163,148.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. Insiders have sold a total of 250,539 shares of company stock valued at $35,906,259 over the last quarter. 0.88% of the stock is owned by corporate insiders.

Alphabet Company Profile

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.