Alphabet Inc. $GOOGL Shares Bought by Wendell David Associates Inc.

Wendell David Associates Inc. increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 117,496 shares of the information services provider’s stock after purchasing an additional 1,100 shares during the quarter. Alphabet accounts for about 2.1% of Wendell David Associates Inc.’s holdings, making the stock its 13th largest holding. Wendell David Associates Inc.’s holdings in Alphabet were worth $20,706,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GOOGL. Nuveen LLC purchased a new stake in Alphabet during the 1st quarter worth approximately $4,317,606,000. Vanguard Group Inc. increased its stake in Alphabet by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider’s stock worth $78,839,544,000 after buying an additional 14,307,345 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Alphabet by 11.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 43,865,520 shares of the information services provider’s stock worth $6,783,364,000 after buying an additional 4,473,901 shares in the last quarter. Amundi increased its stake in Alphabet by 11.8% during the 1st quarter. Amundi now owns 33,403,871 shares of the information services provider’s stock worth $5,034,992,000 after buying an additional 3,537,173 shares in the last quarter. Finally, Evergreen Quality Fund GP Ltd. increased its stake in Alphabet by 178.3% during the 1st quarter. Evergreen Quality Fund GP Ltd. now owns 4,003,900 shares of the information services provider’s stock worth $619,163,000 after buying an additional 2,565,400 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider John Kent Walker sold 23,820 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the transaction, the insider directly owned 42,999 shares in the company, valued at approximately $8,371,905.30. This represents a 35.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $249.50, for a total value of $8,108,750.00. Following the transaction, the chief executive officer owned 2,397,392 shares of the company’s stock, valued at approximately $598,149,304. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 246,150 shares of company stock worth $55,805,379. Company insiders own 11.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GOOGL shares. Truist Financial increased their price target on Alphabet from $225.00 to $285.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Sanford C. Bernstein increased their price target on Alphabet from $210.00 to $260.00 and gave the company a “market perform” rating in a report on Wednesday, October 22nd. Citizens Jmp increased their price target on Alphabet from $250.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, September 19th. BMO Capital Markets set a $294.00 price target on Alphabet and gave the company an “outperform” rating in a report on Thursday, October 9th. Finally, Melius Research increased their price target on Alphabet from $220.00 to $255.00 in a report on Thursday, September 25th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $266.69.

Alphabet Trading Up 2.7%

Shares of Alphabet stock opened at $274.57 on Thursday. The firm has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 29.24, a PEG ratio of 1.81 and a beta of 1.00. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $275.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a 50 day moving average of $240.86 and a 200 day moving average of $198.25.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. As a group, research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

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.