Commerzbank Aktiengesellschaft FI Grows Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Commerzbank Aktiengesellschaft FI boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 10.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,671,841 shares of the information services provider’s stock after acquiring an additional 162,551 shares during the quarter. Alphabet accounts for approximately 6.0% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 2nd largest holding. Commerzbank Aktiengesellschaft FI’s holdings in Alphabet were worth $258,533,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Eagle Capital Management LLC boosted its position in Alphabet by 0.7% during the fourth quarter. Eagle Capital Management LLC now owns 50,132 shares of the information services provider’s stock valued at $9,490,000 after buying an additional 371 shares during the period. Brighton Jones LLC boosted its position in Alphabet by 3.9% during the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after buying an additional 4,110 shares during the period. Revolve Wealth Partners LLC boosted its position in Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock valued at $2,826,000 after buying an additional 506 shares during the period. Highview Capital Management LLC DE boosted its position in Alphabet by 3.6% during the fourth quarter. Highview Capital Management LLC DE now owns 29,100 shares of the information services provider’s stock valued at $5,509,000 after buying an additional 1,003 shares during the period. Finally, Hudson Value Partners LLC boosted its position in Alphabet by 22.7% during the fourth quarter. Hudson Value Partners LLC now owns 73,282 shares of the information services provider’s stock valued at $13,873,000 after buying an additional 13,564 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GOOGL. Citigroup upped their price target on shares of Alphabet from $203.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday. Stifel Nicolaus increased their target price on shares of Alphabet from $200.00 to $218.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer increased their target price on shares of Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. Susquehanna increased their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock a “positive” rating in a report on Thursday. Finally, BNP Paribas Exane reiterated a “neutral” rating and set a $172.00 target price on shares of Alphabet in a report on Friday, June 27th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $211.32.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $192.17 on Friday. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The company has a 50 day simple moving average of $175.23 and a two-hundred day simple moving average of $173.10. The company has a market capitalization of $2.33 trillion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 1.33 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.79. The company had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 31.12% and a return on equity of 35.22%. During the same quarter last year, the firm earned $1.89 earnings per share. Analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 400 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $181.98, for a total transaction of $72,792.00. Following the completion of the sale, the director owned 6,013 shares of the company’s stock, valued at $1,094,245.74. This trade represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total transaction of $5,992,350.00. Following the sale, the chief executive officer directly owned 2,527,392 shares of the company’s stock, valued at $466,000,536.96. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 249,409 shares of company stock valued at $43,523,710 over the last 90 days. Corporate insiders own 11.64% of the company’s stock.

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.