2,400 Shares in Alphabet Inc. (NASDAQ:GOOGL) Purchased by Helios Capital Management PTE. Ltd.

Helios Capital Management PTE. Ltd. bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) in the fourth quarter, Holdings Channel reports. The firm bought 2,400 shares of the information services provider’s stock, valued at approximately $335,000.

Several other institutional investors also recently bought and sold shares of the company. DC Investments Management LLC acquired a new stake in shares of Alphabet in the first quarter valued at $114,000. Bridgefront Capital LLC acquired a new stake in Alphabet in the 1st quarter valued at about $225,000. Worth Asset Management LLC purchased a new position in shares of Alphabet in the 1st quarter valued at about $206,000. Eudaimonia Advisors LLC grew its position in shares of Alphabet by 15.1% during the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after buying an additional 13 shares in the last quarter. Finally, Aspire Capital Advisors LLC purchased a new stake in shares of Alphabet during the first quarter worth approximately $281,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares in the company, valued at approximately $4,009,032.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Amie Thuener O’toole sold 660 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. 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 quarter. Corporate insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the subject of a number of recent research reports. Canaccord Genuity Group lifted their price target on shares of Alphabet from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday. Wolfe Research lifted their price objective on shares of Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. BMO Capital Markets reiterated an “outperform” rating and set a $185.00 target price (up previously from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. Roth Mkm cut their price target on Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. Finally, Barclays lowered their price objective on Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $157.97.

Alphabet Stock Up 0.3 %

GOOGL opened at $156.01 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.42 and a beta of 1.05. Alphabet Inc. has a one year low of $102.63 and a one year high of $160.22. The business’s fifty day moving average is $146.16 and its two-hundred day moving average is $140.40.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. During the same period in the previous year, the firm earned $1.05 EPS. Analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

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.