Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Randolph Co Inc

Randolph Co Inc raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,499 shares of the information services provider’s stock after acquiring an additional 627 shares during the period. Randolph Co Inc’s holdings in Alphabet were worth $3,981,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Executive Wealth Management LLC boosted its position in shares of Alphabet by 7.9% during the fourth quarter. Executive Wealth Management LLC now owns 43,054 shares of the information services provider’s stock worth $6,014,000 after buying an additional 3,160 shares during the period. Plimoth Trust Co. LLC boosted its position in shares of Alphabet by 0.4% during the fourth quarter. Plimoth Trust Co. LLC now owns 65,440 shares of the information services provider’s stock worth $9,141,000 after buying an additional 252 shares during the period. Capasso Planning Partners LLC boosted its position in shares of Alphabet by 3.7% during the fourth quarter. Capasso Planning Partners LLC now owns 2,638 shares of the information services provider’s stock worth $369,000 after buying an additional 94 shares during the period. Albion Financial Group UT boosted its position in shares of Alphabet by 1.7% during the fourth quarter. Albion Financial Group UT now owns 264,186 shares of the information services provider’s stock worth $36,904,000 after buying an additional 4,375 shares during the period. Finally, Soltis Investment Advisors LLC boosted its position in shares of Alphabet by 5.1% during the fourth quarter. Soltis Investment Advisors LLC now owns 51,055 shares of the information services provider’s stock worth $7,132,000 after buying an additional 2,494 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Alphabet from $144.00 to $141.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd. Rosenblatt Securities dropped their target price on Alphabet from $174.00 to $172.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Barclays dropped their target price on Alphabet from $180.00 to $173.00 and set an “overweight” rating on the stock in a report on Wednesday, January 31st. Truist Financial boosted their target price on Alphabet from $158.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, KeyCorp boosted their target price on Alphabet from $153.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Alphabet Trading Up 0.7 %

Alphabet stock opened at $155.47 on Thursday. The company’s fifty day simple moving average is $145.95 and its 200-day simple moving average is $140.29. 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 Inc. has a 12 month low of $102.63 and a 12 month high of $160.22. The stock has a market cap of $1.93 trillion, a P/E ratio of 26.81, a P/E/G ratio of 1.43 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly 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 business had revenue of $86.31 billion for 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 previous year, the company posted $1.05 EPS. As a group, sell-side analysts forecast that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the sale, the chief executive officer now directly owns 2,303,011 shares in the company, valued at $362,516,961.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 230 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the sale, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 251,339 shares of company stock worth $36,377,482. Corporate insiders own 0.88% of the company’s stock.

Alphabet 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.