Alphabet Inc. $GOOGL Stock Holdings Raised by Farley Capital L.P.

Farley Capital L.P. lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 31.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,212 shares of the information services provider’s stock after buying an additional 3,173 shares during the quarter. Alphabet makes up about 1.8% of Farley Capital L.P.’s portfolio, making the stock its 8th biggest position. Farley Capital L.P.’s holdings in Alphabet were worth $2,328,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GOOGL. Guardian Wealth Management Inc. grew its stake in Alphabet by 242.9% in the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after purchasing an additional 119 shares in the last quarter. von Borstel & Associates Inc. bought a new stake in Alphabet during the 1st quarter valued at $28,000. IMA Advisory Services Inc. bought a new stake in Alphabet during the 1st quarter valued at $28,000. NBZ Investment Advisors LLC boosted its position in shares of Alphabet by 85.7% in the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock worth $30,000 after purchasing an additional 90 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of Alphabet in the 1st quarter worth $39,000. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GOOGL. CIBC raised their target price on Alphabet to $315.00 in a research note on Monday, October 20th. Barclays restated an “overweight” rating and set a $315.00 target price (up from $250.00) on shares of Alphabet in a research report on Thursday. Truist Financial raised their target price on Alphabet from $285.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday. Cantor Fitzgerald boosted their price objective on Alphabet from $265.00 to $310.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Mizuho set a $325.00 price target on Alphabet in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $302.20.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total transaction of $694,638.90. Following the sale, the chief accounting officer owned 14,516 shares of the company’s stock, valued at approximately $3,629,725.80. This represents a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 600 shares of the stock in a transaction on Monday, October 13th. The shares were sold at an average price of $242.92, for a total value of $145,752.00. Following the completion of the transaction, the director directly owned 5,116 shares in the company, valued at $1,242,778.72. This trade represents a 10.50% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 222,330 shares of company stock valued at $51,167,625. Insiders own 11.64% of the company’s stock.

Alphabet Stock Down 0.1%

Shares of NASDAQ GOOGL opened at $281.31 on Monday. The firm has a market cap of $3.40 trillion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.86 and a beta of 1.00. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $291.59. The business’s 50 day moving average is $244.00 and its two-hundred day moving average is $200.31.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The company had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Research analysts predict 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.