David J Yvars Group Buys 2,736 Shares of Alphabet Inc. (NASDAQ:GOOGL)

David J Yvars Group boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,900.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,880 shares of the information services provider’s stock after purchasing an additional 2,736 shares during the quarter. David J Yvars Group’s holdings in Alphabet were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System acquired a new stake in Alphabet in the third quarter worth about $55,305,000. Griffin Asset Management Inc. boosted its holdings in Alphabet by 1,900.0% in the third quarter. Griffin Asset Management Inc. now owns 52,240 shares of the information services provider’s stock worth $4,997,000 after acquiring an additional 49,628 shares in the last quarter. Farmers Trust Co. boosted its holdings in Alphabet by 2.2% in the second quarter. Farmers Trust Co. now owns 5,924 shares of the information services provider’s stock worth $12,910,000 after acquiring an additional 129 shares in the last quarter. Ziegler Capital Management LLC boosted its holdings in Alphabet by 62.3% in the second quarter. Ziegler Capital Management LLC now owns 33,282 shares of the information services provider’s stock worth $72,531,000 after acquiring an additional 12,774 shares in the last quarter. Finally, Wilkinson Global Asset Management LLC boosted its holdings in Alphabet by 1,900.0% in the third quarter. Wilkinson Global Asset Management LLC now owns 6,460 shares of the information services provider’s stock worth $618,000 after acquiring an additional 6,137 shares in the last quarter. Institutional investors own 34.06% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $93.05 on Friday. The stock’s fifty day moving average is $93.00 and its two-hundred day moving average is $101.63. The firm has a market capitalization of $1.20 trillion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 1.62 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $151.55.

Alphabet (NASDAQ:GOOGLGet Rating) last released its quarterly earnings data 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). The company had revenue of $57.27 billion for the quarter, compared to analyst estimates of $58.36 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. During the same period last year, the firm posted $1.40 EPS. On average, research analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Prabhakar Raghavan sold 22,203 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Prabhakar Raghavan sold 22,203 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 76,579 shares in the company, valued at approximately $6,872,965.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The stock was purchased at an average price of $17.00 per share, for a total transaction of $13,600,000.00. Following the acquisition, the insider now directly owns 11,522,248 shares in the company, valued at approximately $195,878,216. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 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 currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on GOOGL shares. Citigroup lowered their price target on Alphabet from $140.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Rosenblatt Securities decreased their target price on Alphabet from $156.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. MKM Partners decreased their target price on Alphabet from $140.00 to $134.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Morgan Stanley lifted their target price on Alphabet from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Truist Financial decreased their target price on Alphabet from $136.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Five equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $132.13.

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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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