Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by ESG Planning DBA Harper Investing

ESG Planning DBA Harper Investing raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 29.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 23,365 shares of the information services provider’s stock after acquiring an additional 5,277 shares during the period. Alphabet makes up 2.4% of ESG Planning DBA Harper Investing’s investment portfolio, making the stock its 12th largest holding. ESG Planning DBA Harper Investing’s holdings in Alphabet were worth $3,613,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. von Borstel & Associates Inc. purchased a new stake in shares of Alphabet during the 1st quarter worth $28,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Alphabet during the 1st quarter worth $39,000. Elite Financial Inc. purchased a new stake in shares of Alphabet during the 1st quarter worth $42,000. Anderson Financial Strategies LLC purchased a new stake in shares of Alphabet during the 4th quarter worth $49,000. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of Alphabet during the 1st quarter worth $49,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GOOGL shares. Needham & Company LLC boosted their target price on shares of Alphabet from $178.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Alphabet in a research report on Wednesday, April 23rd. Morgan Stanley raised their price target on Alphabet from $185.00 to $205.00 and gave the company an “overweight” rating in a research report on Monday. Wedbush set a $190.00 target price on shares of Alphabet and gave the company an “outperform” rating in a report on Tuesday, April 15th. Finally, Truist Financial restated a “buy” rating and set a $200.00 target price on shares of Alphabet in a report on Wednesday, July 2nd. Ten research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $203.19.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the completion of the sale, the chief executive officer directly owned 2,559,892 shares in the company, valued at $456,991,919.84. This represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of the firm’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $3,448,820.16. Following the completion of the transaction, the director owned 243,400 shares in the company, valued at approximately $45,213,984. This trade represents a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 249,409 shares of company stock worth $43,523,710 in the last quarter. 11.55% of the stock is owned by insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $191.34 on Wednesday. The company has a market cap of $2.32 trillion, a P/E ratio of 21.33, a P/E/G ratio of 1.33 and a beta of 1.00. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The business has a fifty day simple moving average of $172.90 and a 200-day simple moving average of $172.89.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. The business had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. During the same quarter in the previous year, the business earned $1.89 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

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.