AIA Group Ltd Raises Position in Alphabet Inc. (NASDAQ:GOOGL)

AIA Group Ltd grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 132,937 shares of the information services provider’s stock after buying an additional 488 shares during the period. Alphabet makes up about 0.8% of AIA Group Ltd’s investment portfolio, making the stock its 27th largest holding. AIA Group Ltd’s holdings in Alphabet were worth $18,570,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GOOGL. Meritage Group LP grew its stake in shares of Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after acquiring an additional 276 shares during the period. Macroview Investment Management LLC grew its stake in shares of Alphabet by 165.8% in the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after acquiring an additional 199 shares during the period. Armor Investment Advisors LLC grew its stake in shares of Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after acquiring an additional 80 shares during the period. Valued Wealth Advisors LLC bought a new stake in shares of Alphabet in the fourth quarter worth approximately $55,000. Finally, LFA Lugano Financial Advisors SA grew its stake 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 worth $73,000 after acquiring an additional 392 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Up 10.2 %

NASDAQ GOOGL opened at $171.95 on Friday. The company’s 50-day moving average price is $147.85 and its 200-day moving average price is $141.39. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.14 trillion, a PE ratio of 29.65, a PEG ratio of 1.47 and a beta of 1.05. Alphabet Inc. has a 12 month low of $103.54 and a 12 month high of $174.71.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The firm 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 prior year, the business posted $1.05 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 6.78 earnings per share for the current year.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now directly owns 5,891 shares in the company, valued at approximately $1,035,402.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now directly owns 5,891 shares in the company, valued at approximately $1,035,402.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 2,303,011 shares in the company, valued at $362,516,961.51. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 253,439 shares of company stock worth $36,746,578. Insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Raymond James boosted their target price on shares of Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada boosted their target price on shares of Alphabet from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Stifel Nicolaus boosted their target price on shares of Alphabet from $174.00 to $196.00 and gave the company a “buy” rating in a research report on Friday. Sanford C. Bernstein boosted their target price on shares of Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Truist Financial boosted their target price on shares of Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.82.

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.