Mizuho Markets Cayman LP Has $5.07 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Mizuho Markets Cayman LP lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 3,996.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,044 shares of the information services provider’s stock after purchasing an additional 51,749 shares during the quarter. Alphabet accounts for about 0.5% of Mizuho Markets Cayman LP’s portfolio, making the stock its 18th biggest position. Mizuho Markets Cayman LP’s holdings in Alphabet were worth $5,074,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GOOGL. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Alphabet by 1,884.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,922,978 shares of the information services provider’s stock worth $1,714,333,000 after buying an additional 17,019,726 shares in the last quarter. Fiera Capital Corp grew its stake in Alphabet by 1,957.3% in the second quarter. Fiera Capital Corp now owns 17,857,280 shares of the information services provider’s stock valued at $1,945,783,000 after purchasing an additional 16,989,271 shares in the last quarter. Nordea Investment Management AB grew its stake in Alphabet by 1,830.2% in the third quarter. Nordea Investment Management AB now owns 16,487,668 shares of the information services provider’s stock valued at $1,605,074,000 after purchasing an additional 15,633,495 shares in the last quarter. Mackenzie Financial Corp grew its stake in Alphabet by 1,876.5% in the third quarter. Mackenzie Financial Corp now owns 7,170,066 shares of the information services provider’s stock valued at $685,817,000 after purchasing an additional 6,807,300 shares in the last quarter. Finally, Bishop Rock Capital L.P. grew its stake in Alphabet by 95,776.8% in the second quarter. Bishop Rock Capital L.P. now owns 5,500,452 shares of the information services provider’s stock valued at $2,524,000 after purchasing an additional 5,494,715 shares in the last quarter. 34.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GOOGL. Tigress Financial decreased their price target on Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a research note on Friday, January 6th. Susquehanna reduced their target price on Alphabet from $150.00 to $120.00 and set a “positive” rating for the company in a research note on Wednesday, October 26th. Sanford C. Bernstein reduced their target price on Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Mizuho reduced their target price on Alphabet from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, November 30th. Finally, Susquehanna Bancshares reduced their target price on Alphabet from $150.00 to $120.00 and set a “positive” rating for the company in a research note on Wednesday, October 26th. Five analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $132.00.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total transaction of $77,933.25. Following the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at approximately $2,289,870.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Prabhakar Raghavan sold 22,203 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total value of $1,992,719.25. Following the completion of the sale, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the sale, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The disclosure for this sale can be found here. In the last three months, insiders have bought 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. 11.44% of the stock is owned by company insiders.

Alphabet Stock Up 1.1 %

GOOGL stock opened at $92.12 on Friday. The stock’s 50 day simple moving average is $92.82 and its 200 day simple moving average is $102.19. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $151.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. The company has a market cap of $1.19 trillion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.60 and a beta of 1.09.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The firm had revenue of $57.27 billion for the quarter, compared to analyst estimates of $58.36 billion. During the same period last year, the company posted $1.40 earnings per share. On average, research analysts expect that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Alphabet Profile

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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.