Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 14.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,829 shares of the information services provider’s stock after buying an additional 473 shares during the quarter. Alphabet comprises approximately 1.7% of International Assets Investment Management LLC’s holdings, making the stock its 6th largest position. International Assets Investment Management LLC’s holdings in Alphabet were worth $10,677,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Morling Financial Advisors LLC acquired a new stake in shares of Alphabet in the fourth quarter worth $29,000. West Bancorporation Inc. acquired a new position in Alphabet during the 4th quarter valued at $29,000. Wealthgate Family Office LLC acquired a new position in Alphabet during the 4th quarter valued at $32,000. NS Partners Ltd acquired a new position in Alphabet during the 4th quarter valued at $41,000. Finally, AHL Investment Management Inc. acquired a new position in Alphabet during the 4th quarter valued at $46,000. 41.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, SVP Prabhakar Raghavan sold 1,109 shares of the company’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $2,166.74, for a total transaction of $2,402,914.66. Following the completion of the sale, the senior vice president now owns 1,608 shares in the company, valued at approximately $3,484,117.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 42 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $2,298.63, for a total transaction of $96,542.46. Following the completion of the sale, the chief accounting officer now owns 1,181 shares in the company, valued at approximately $2,714,682.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 1,109 shares of the company’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $2,166.74, for a total transaction of $2,402,914.66. Following the sale, the senior vice president now owns 1,608 shares of the company’s stock, valued at approximately $3,484,117.92. The disclosure for this sale can be found here. Insiders sold 6,737 shares of company stock worth $11,549,847 in the last quarter. Insiders own 11.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Moffett Nathanson cut their target price on shares of Alphabet to $132.50 in a research note on Thursday, May 26th. Itau BBA Securities assumed coverage on shares of Alphabet in a research note on Tuesday, July 26th. They set a “market perform” rating and a $113.00 target price for the company. Wells Fargo & Company cut their target price on shares of Alphabet from $170.00 to $160.00 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Oppenheimer cut their target price on shares of Alphabet to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. Finally, Rosenblatt Securities reissued a “maintains” rating on shares of Alphabet in a report on Wednesday, July 27th. Five investment analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.29.

Alphabet Stock Performance

GOOGL stock opened at $114.86 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 2.78. The company has a 50 day moving average price of $154.53 and a 200 day moving average price of $138.55. Alphabet Inc. has a fifty-two week low of $101.88 and a fifty-two week high of $151.55. The stock has a market capitalization of $1.51 trillion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.11). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same quarter in the prior year, the firm posted $27.26 earnings per share. Analysts forecast that Alphabet Inc. will post 5.22 EPS for the current year.

About Alphabet

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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