Alphabet Inc. $GOOGL Shares Purchased by Courier Capital LLC

Courier Capital LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,884 shares of the information services provider’s stock after purchasing an additional 664 shares during the period. Courier Capital LLC’s holdings in Alphabet were worth $3,857,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GOOGL. Brighton Jones LLC increased its stake in shares of Alphabet by 3.9% during the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after buying an additional 4,110 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Alphabet by 3.5% in 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 acquiring an additional 506 shares during the period. GAMMA Investing LLC raised its stake in shares of Alphabet by 10.5% during the first quarter. GAMMA Investing LLC now owns 103,870 shares of the information services provider’s stock worth $16,062,000 after purchasing an additional 9,900 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Alphabet by 3.0% during the first quarter. Oppenheimer & Co. Inc. now owns 468,308 shares of the information services provider’s stock worth $72,419,000 after purchasing an additional 13,770 shares during the last quarter. Finally, Eagle Strategies LLC lifted its holdings in Alphabet by 6.3% in the first quarter. Eagle Strategies LLC now owns 9,673 shares of the information services provider’s stock valued at $1,496,000 after acquiring an additional 575 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GOOGL. The Goldman Sachs Group reissued a “buy” rating and issued a $288.00 target price on shares of Alphabet in a report on Tuesday, October 14th. Bank of America lifted their price objective on Alphabet from $252.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Rosenblatt Securities lifted their price objective on Alphabet from $191.00 to $224.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Phillip Securities lowered Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, September 8th. Finally, Piper Sandler upped their target price on Alphabet from $220.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $263.55.

Alphabet Trading Up 2.7%

Shares of Alphabet stock opened at $259.92 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.14 trillion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.75 and a beta of 1.00. The business has a fifty day simple moving average of $236.72 and a 200-day simple moving average of $195.60. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $261.68.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The business had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.60 billion. On average, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 17,816 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the transaction, the insider directly owned 42,985 shares of the company’s stock, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total value of $694,638.90. Following the completion of the transaction, the chief accounting officer directly owned 14,516 shares in the company, valued at approximately $3,629,725.80. The trade was a 16.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 246,150 shares of company stock valued at $55,805,379 over the last 90 days. 11.64% of the stock is owned by insiders.

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.