Xponance Inc. Raises Position in Alphabet Inc. (NASDAQ:GOOGL)

Xponance Inc. grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,433,896 shares of the information services provider’s stock after buying an additional 12,889 shares during the quarter. Alphabet makes up about 2.4% of Xponance Inc.’s investment portfolio, making the stock its 5th biggest position. Xponance Inc.’s holdings in Alphabet were worth $200,301,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. AIA Group Ltd grew its stake in Alphabet by 0.4% during the fourth quarter. AIA Group Ltd now owns 132,937 shares of the information services provider’s stock worth $18,570,000 after buying an additional 488 shares during the last quarter. Ninety One SA PTY Ltd lifted its holdings in Alphabet by 19.1% in the fourth quarter. Ninety One SA PTY Ltd now owns 145,462 shares of the information services provider’s stock valued at $20,320,000 after buying an additional 23,289 shares during the period. Tilt Investment Management Holdings PBC acquired a new position in Alphabet in the fourth quarter valued at approximately $3,241,000. Cambridge Trust Co. lifted its holdings in Alphabet by 0.8% in the fourth quarter. Cambridge Trust Co. now owns 481,770 shares of the information services provider’s stock valued at $67,298,000 after buying an additional 4,054 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group lifted its holdings in Alphabet by 31.2% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 16,571 shares of the information services provider’s stock valued at $2,315,000 after buying an additional 3,943 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Up 10.2 %

Alphabet stock opened at $171.95 on Friday. The company has a market cap of $2.14 trillion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05. Alphabet Inc. has a 1-year low of $103.54 and a 1-year high of $174.71. The company has a fifty day simple moving average of $147.85 and a 200 day simple moving average of $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.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating 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 company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter last year, the firm posted $1.05 EPS. Research analysts anticipate that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

GOOGL has been the topic of several analyst reports. Redburn Atlantic increased their price objective on shares of Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Rosenblatt Securities increased their price objective on shares of Alphabet from $172.00 to $182.00 and gave the company a “buy” rating in a report on Friday. Wolfe Research increased their price objective on shares of Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Friday. Morgan Stanley increased their price objective on shares of Alphabet from $165.00 to $195.00 and gave the company an “overweight” rating in a report on Friday. Finally, Sanford C. Bernstein increased their price objective on shares of Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a report on Friday. Five research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $187.82.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director John L. Hennessy sold 2,100 shares of the firm’s 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 completion of the sale, the director now owns 5,891 shares in the company, valued at approximately $1,035,402.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. Insiders sold a total of 253,439 shares of company stock valued at $36,746,578 in the last quarter. Company insiders own 0.88% of the company’s stock.

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.