8,162 Shares in Alphabet Inc. (NASDAQ:GOOGL) Bought by Rakuten Securities Inc.

Rakuten Securities Inc. bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, Holdings Channel.com reports. The fund bought 8,162 shares of the information services provider’s stock, valued at approximately $1,140,000. Alphabet comprises 0.9% of Rakuten Securities Inc.’s holdings, making the stock its 21st largest holding.

A number of other large investors also recently bought and sold shares of the business. Meritage Group LP lifted its position in shares of Alphabet by 1,061.5% during 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 in the last quarter. Macroview Investment Management LLC raised its position in shares of 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 purchasing an additional 199 shares during the last quarter. Armor Investment Advisors LLC boosted its holdings in Alphabet by 31.0% in the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after buying an additional 80 shares during the last quarter. Valued Wealth Advisors LLC acquired a new position in shares of Alphabet during the fourth quarter valued at approximately $55,000. Finally, LFA Lugano Financial Advisors SA lifted its position in shares of Alphabet by 301.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock valued at $73,000 after acquiring an additional 392 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Up 0.5 %

GOOGL opened at $159.13 on Thursday. Alphabet Inc. has a one year low of $102.63 and a one year high of $160.22. 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 stock has a market capitalization of $1.98 trillion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. The business’s 50-day simple moving average is $146.96 and its 200-day simple moving average is $141.06.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $1.05 earnings per share. Analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current year.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was 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 of the company’s stock, valued at approximately $362,516,961.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alphabet news, CFO Ruth Porat sold 48,077 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the sale, the chief financial officer now owns 1,777,106 shares of the company’s stock, valued at $243,854,485.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the transaction, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock valued at $36,377,482 over the last quarter. 0.88% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GOOGL has been the subject of several recent research reports. Redburn Atlantic increased their price objective on Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Wells Fargo & Company lowered their price target on shares of Alphabet from $144.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 3rd. Rosenblatt Securities dropped their price objective on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Truist Financial raised their target price on shares of Alphabet from $158.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group upped their price target on Alphabet from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Five analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $158.71.

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.