Henrickson Nauta Wealth Advisors Inc. Acquires 2,650 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Henrickson Nauta Wealth Advisors Inc. lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,920.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,788 shares of the information services provider’s stock after buying an additional 2,650 shares during the quarter. Henrickson Nauta Wealth Advisors Inc.’s holdings in Alphabet were worth $267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Paragon Financial Partners Inc. grew its holdings in shares of Alphabet by 1,789.2% during the 3rd quarter. Paragon Financial Partners Inc. now owns 4,553 shares of the information services provider’s stock valued at $435,000 after purchasing an additional 4,312 shares during the last quarter. Private Wealth Partners LLC grew its holdings in Alphabet by 1,904.7% in the 3rd quarter. Private Wealth Partners LLC now owns 437,820 shares of the information services provider’s stock worth $41,877,000 after acquiring an additional 415,980 shares during the last quarter. Providence First Trust Co grew its holdings in Alphabet by 1,900.0% in the 3rd quarter. Providence First Trust Co now owns 2,300 shares of the information services provider’s stock worth $220,000 after acquiring an additional 2,185 shares during the last quarter. Autumn Glory Partners LLC lifted its position in shares of Alphabet by 10,006.3% in the 3rd quarter. Autumn Glory Partners LLC now owns 16,069 shares of the information services provider’s stock worth $1,537,000 after purchasing an additional 15,910 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Alphabet by 1,950.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 8,083,070 shares of the information services provider’s stock worth $773,145,000 after purchasing an additional 7,688,879 shares during the period. Institutional investors own 34.06% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, Director Ann Mather sold 280 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total value of $28,904.40. Following the completion of the transaction, the director now directly owns 11,200 shares in the company, valued at $1,156,176. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $38.64, for a total value of $4,149,665.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 280 shares of the business’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total transaction of $28,904.40. Following the completion of the transaction, the director now directly owns 11,200 shares in the company, valued at approximately $1,156,176. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 661,702 shares of company stock worth $23,399,217 and sold 190,744 shares worth $8,564,640. 11.44% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $98.02 on Monday. The firm has a 50 day moving average of $93.03 and a 200 day moving average of $101.55. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $151.55.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.19). The business had revenue of $57.27 billion for the quarter, compared to the consensus estimate of $58.36 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. During the same quarter last year, the firm posted $1.40 earnings per share. On average, research analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on GOOGL. Truist Financial dropped their target price on shares of Alphabet from $136.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Rosenblatt Securities dropped their target price on shares of Alphabet from $156.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. New Street Research initiated coverage on shares of Alphabet in a research report on Wednesday, January 4th. They set a “buy” rating and a $118.00 price target for the company. Morgan Stanley lifted their price target on shares of Alphabet from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, January 18th. Finally, StockNews.com initiated coverage on shares of Alphabet in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Five analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $132.13.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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