TTP Investments Inc. Increases Stake in Alphabet Inc. (NASDAQ:GOOGL)

TTP Investments Inc. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,906.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,382 shares of the information services provider’s stock after buying an additional 17,466 shares during the period. Alphabet comprises 2.1% of TTP Investments Inc.’s investment portfolio, making the stock its 12th largest holding. TTP Investments Inc.’s holdings in Alphabet were worth $1,758,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC increased its position in shares of Alphabet by 3,275.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. Artemis Wealth Advisors LLC increased its position in shares of Alphabet by 1,900.0% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 266 shares during the last quarter. Horizons Wealth Management purchased a new stake in shares of Alphabet in the 2nd quarter valued at approximately $33,000. Schubert & Co increased its position in shares of Alphabet by 1,200.0% in the 3rd quarter. Schubert & Co now owns 364 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 336 shares during the last quarter. Finally, Carolina Wealth Advisors LLC increased its position in shares of Alphabet by 1,900.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 400 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 380 shares during the last quarter. 34.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Ann Mather sold 280 shares of the firm’s stock in a transaction dated Tuesday, October 25th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, Director Ann Mather sold 280 shares of the firm’s stock in a transaction dated Tuesday, October 25th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $90.85, for a total transaction of $77,676.75. Following the transaction, the chief accounting officer now owns 24,694 shares of the company’s stock, valued at $2,243,449.90. The disclosure for this sale can be found here. In the last three months, 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 insiders.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of recent analyst reports. KeyCorp dropped their price objective on shares of Alphabet from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 25th. Susquehanna dropped their price objective on shares of Alphabet from $150.00 to $120.00 and set a “positive” rating on the stock in a research report on Wednesday, October 26th. Morgan Stanley upped their target price on shares of Alphabet from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, January 18th. Robert W. Baird lowered their target price on shares of Alphabet to $120.00 in a report on Thursday, October 27th. Finally, JMP Securities lowered their target price on shares of Alphabet from $145.00 to $132.00 in a report on Wednesday, November 23rd. Five research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.13.

Alphabet Stock Performance

Shares of GOOGL opened at $98.02 on Monday. The company has a 50-day simple moving average of $93.03 and a 200-day simple moving average of $101.55. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.27 trillion, a PE ratio of 19.47, a P/E/G ratio of 1.72 and a beta of 1.09. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $151.55.

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