Appleton Partners Inc. MA Acquires 67,437 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Appleton Partners Inc. MA increased its holdings in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,875.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,032 shares of the information services provider’s stock after purchasing an additional 67,437 shares during the quarter. Appleton Partners Inc. MA’s holdings in Alphabet were worth $6,794,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GOOGL. Bornite Capital Management LP bought a new stake in Alphabet during the first quarter valued at $16,688,000. Markel Corp boosted its position in Alphabet by 17.0% during the first quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock valued at $43,110,000 after acquiring an additional 2,250 shares during the last quarter. United Bank boosted its position in Alphabet by 5.9% during the first quarter. United Bank now owns 2,033 shares of the information services provider’s stock valued at $5,654,000 after acquiring an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Alphabet by 23.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock valued at $900,929,000 after acquiring an additional 61,427 shares during the last quarter. Finally, Dakota Wealth Management boosted its position in Alphabet by 20.4% during the first quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock valued at $25,806,000 after acquiring an additional 1,570 shares during the last quarter. Institutional investors own 34.06% of the company’s stock.

Insider Buying and Selling

In related news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total value of $1,992,719.25. Following the completion of the transaction, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total value of $1,992,719.25. Following the completion of the transaction, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder 2021 Gp L.L.C. Gv acquired 182,312 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was acquired at an average cost of $34.60 per share, with a total value of $6,307,995.20. Following the completion of the acquisition, the insider now owns 1,294,527 shares in the company, valued at approximately $44,790,634.20. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 661,702 shares of company stock valued at $23,399,217 and sold 190,464 shares valued at $8,535,735. 11.44% of the stock is owned by insiders.

Alphabet Stock Up 1.8 %

Alphabet stock opened at $99.79 on Tuesday. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $151.55. The firm has a 50 day moving average price of $93.12 and a 200-day moving average price of $101.49. The company has a market capitalization of $1.29 trillion, a P/E ratio of 19.82, a P/E/G ratio of 1.72 and a beta of 1.09. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGLGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.19). The business had revenue of $57.27 billion during the quarter, compared to the consensus estimate 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 business posted $1.40 earnings per share. As a group, equities analysts predict that Alphabet Inc. will post 4.68 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on GOOGL. JMP Securities dropped their price objective on shares of Alphabet from $145.00 to $132.00 in a report on Wednesday, November 23rd. Susquehanna Bancshares dropped their price objective on shares of Alphabet from $150.00 to $120.00 and set a “positive” rating on the stock in a report on Wednesday, October 26th. Rosenblatt Securities dropped their price objective on shares of Alphabet from $156.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Bank of America dropped their price objective on shares of Alphabet from $125.00 to $114.00 and set a “buy” rating on the stock in a report on Tuesday, October 4th. Finally, Morgan Stanley upped their price objective on shares of Alphabet from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, January 18th. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $132.13.

Alphabet Company 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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