Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Autumn Glory Partners LLC

Autumn Glory Partners LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,410 shares of the information services provider’s stock after acquiring an additional 115 shares during the period. Alphabet comprises approximately 1.3% of Autumn Glory Partners LLC’s holdings, making the stock its 18th biggest position. Autumn Glory Partners LLC’s holdings in Alphabet were worth $2,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Live Oak Investment Partners acquired a new position in shares of Alphabet in the 4th quarter valued at about $26,000. VitalStone Financial LLC boosted its holdings in shares of Alphabet by 1,900.0% in the 2nd quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock valued at $34,000 after buying an additional 266 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Alphabet in the 4th quarter valued at about $34,000. Turim 21 Investimentos Ltda. acquired a new position in shares of Alphabet in the 3rd quarter valued at about $38,000. Finally, Meritage Group LP boosted its holdings in shares of Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after buying an additional 276 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

NASDAQ:GOOGL opened at $156.14 on Thursday. The stock has a market cap of $1.94 trillion, a P/E ratio of 26.92, a PEG ratio of 1.43 and a beta of 1.05. Alphabet Inc. has a one year low of $102.63 and a one year high of $158.56. The company has a fifty day moving average price of $144.65 and a 200 day moving average price of $139.39. 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:GOOGL) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $86.31 billion during the quarter, compared to analysts’ expectations 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 company earned $1.05 EPS. Analysts anticipate that Alphabet Inc. will post 6.77 earnings per share for the current year.

Insider Activity at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,332,691 shares in the company, valued at approximately $309,548,095.70. The disclosure for this sale can be found here. Insiders sold a total of 250,539 shares of company stock worth $35,906,259 in the last ninety days. 0.88% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. StockNews.com raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price objective on shares of Alphabet in a research report on Wednesday, January 31st. Mizuho lifted their price objective on shares of Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Susquehanna lifted their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Finally, Truist Financial cut their price objective on shares of Alphabet from $160.00 to $158.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.61.

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.