Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Hendershot Investments Inc.

Hendershot Investments Inc. raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 192,130 shares of the information services provider’s stock after acquiring an additional 2,949 shares during the quarter. Alphabet makes up about 4.1% of Hendershot Investments Inc.’s investment portfolio, making the stock its 3rd largest holding. Hendershot Investments Inc.’s holdings in Alphabet were worth $26,839,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GOOGL. Live Oak Investment Partners acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $26,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $34,000. Turim 21 Investimentos Ltda. acquired a new stake in shares of Alphabet in the 3rd quarter valued at approximately $38,000. Meritage Group LP boosted its position in Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after buying an additional 276 shares during the period. Finally, Macroview Investment Management LLC boosted its position in Alphabet by 165.8% during the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, Director Frances Arnold sold 230 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the transaction, the director now directly owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were 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. Insiders have sold 251,339 shares of company stock valued at $36,377,482 over the last three months. 0.88% of the stock is owned by corporate insiders.

Alphabet Trading Up 0.7 %

Shares of GOOGL opened at $155.47 on Thursday. The firm’s 50 day simple moving average is $145.95 and its 200 day simple moving average is $140.29. The company has a market capitalization 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. 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 Inc. has a 1-year low of $102.63 and a 1-year high of $160.22.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same period last year, the firm posted $1.05 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several recent research reports. StockNews.com upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Susquehanna lifted their target price on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Truist Financial raised their price target on shares of Alphabet from $158.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank of Canada restated an “outperform” rating and set a $155.00 price target on shares of Alphabet in a report on Wednesday, January 31st. Finally, Citigroup restated a “buy” rating and set a $168.00 price target on shares of Alphabet in a report on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

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.