Insight Advisors LLC PA Buys 856 Shares of Alphabet Inc. $GOOGL

Insight Advisors LLC PA boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,788 shares of the information services provider’s stock after acquiring an additional 856 shares during the period. Alphabet accounts for about 0.7% of Insight Advisors LLC PA’s portfolio, making the stock its 21st biggest position. Insight Advisors LLC PA’s holdings in Alphabet were worth $4,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Gimbal Financial grew its position in Alphabet by 1.9% during the 2nd quarter. Gimbal Financial now owns 2,776 shares of the information services provider’s stock worth $489,000 after acquiring an additional 53 shares during the last quarter. Missouri Trust & Investment Co grew its position in Alphabet by 0.3% during the 2nd quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider’s stock worth $2,981,000 after acquiring an additional 55 shares during the last quarter. AM Investment Strategies LLC grew its position in Alphabet by 0.9% during the 2nd quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider’s stock worth $1,141,000 after acquiring an additional 57 shares during the last quarter. Bfsg LLC grew its position in Alphabet by 0.6% during the 2nd quarter. Bfsg LLC now owns 10,428 shares of the information services provider’s stock worth $1,838,000 after acquiring an additional 59 shares during the last quarter. Finally, Financial Council LLC grew its position in Alphabet by 1.0% during the 2nd quarter. Financial Council LLC now owns 5,800 shares of the information services provider’s stock worth $1,022,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Susquehanna boosted their price objective on Alphabet from $225.00 to $350.00 and gave the stock a “positive” rating in a research report on Thursday. Moffett Nathanson upped their price target on Alphabet from $295.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday. Canaccord Genuity Group boosted their price objective on Alphabet from $270.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday. HSBC upped their price objective on Alphabet from $295.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Truist Financial increased their target price on Alphabet from $285.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $302.20.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $229.73, for a total value of $7,466,225.00. Following the sale, the chief executive officer owned 2,429,892 shares in the company, valued at $558,219,089.16. This represents a 1.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the sale, the chief accounting officer owned 17,293 shares in the company, valued at $4,236,785. The trade was a 13.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 222,330 shares of company stock worth $51,167,625 over the last quarter. Insiders own 11.64% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL stock opened at $281.31 on Monday. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $291.59. The business’s 50 day moving average price is $244.00 and its 200-day moving average price is $200.31. 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 firm has a market cap of $3.40 trillion, a P/E ratio of 27.74, a P/E/G ratio of 1.86 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping 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 firm had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. On average, equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

About Alphabet

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.