Slow Capital Inc. Purchases 80,345 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Slow Capital Inc. lifted its position in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,823.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,752 shares of the information services provider’s stock after buying an additional 80,345 shares during the period. Alphabet comprises 1.8% of Slow Capital Inc.’s portfolio, making the stock its 11th largest holding. Slow Capital Inc.’s holdings in Alphabet were worth $8,107,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Spreng Capital Management Inc. increased its stake in shares of Alphabet by 4.0% in the first quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock worth $364,000 after purchasing an additional 5 shares in the last quarter. Grand Central Investment Group increased its stake in shares of Alphabet by 1.4% in the second quarter. Grand Central Investment Group now owns 362 shares of the information services provider’s stock worth $789,000 after purchasing an additional 5 shares in the last quarter. Ignite Planners LLC increased its stake in shares of Alphabet by 1.4% in the second quarter. Ignite Planners LLC now owns 351 shares of the information services provider’s stock worth $834,000 after purchasing an additional 5 shares in the last quarter. Kaizen Financial Strategies increased its stake in shares of Alphabet by 0.7% in the second quarter. Kaizen Financial Strategies now owns 759 shares of the information services provider’s stock worth $1,654,000 after purchasing an additional 5 shares in the last quarter. Finally, West Family Investments Inc. increased its stake in shares of Alphabet by 0.3% in the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock worth $4,878,000 after purchasing an additional 6 shares in the last quarter. Institutional investors own 34.06% of the company’s stock.

Alphabet Trading Up 1.8 %

Shares of GOOGL opened at $99.79 on Tuesday. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $151.55. The company has a 50-day moving average of $93.12 and a 200 day moving average of $101.49. The firm has a market capitalization of $1.29 trillion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.72 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47.

Alphabet (NASDAQ:GOOGLGet Rating) last announced 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). Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The company had revenue of $57.27 billion for the quarter, compared to the consensus estimate of $58.36 billion. During the same quarter in the previous year, the business earned $1.40 EPS. On average, research analysts expect that Alphabet Inc. will post 4.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Mizuho cut their target price on shares of Alphabet from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, November 30th. Sanford C. Bernstein cut their target price on shares of Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Susquehanna cut their target price on shares of Alphabet from $150.00 to $120.00 and set a “positive” rating for the company in a research note on Wednesday, October 26th. Credit Suisse Group cut their target price on shares of Alphabet from $134.00 to $128.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Finally, New Street Research assumed coverage on shares of Alphabet in a research note on Wednesday, January 4th. They set a “buy” rating and a $118.00 target price for the company. Five analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $132.13.

Insider Activity at Alphabet

In other Alphabet news, Director Ann Mather sold 360 shares of the firm’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $98.48, for a total transaction of $35,452.80. Following the transaction, the director now owns 11,300 shares of the company’s stock, valued at approximately $1,112,824. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, Director Ann Mather sold 360 shares of the firm’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $98.48, for a total transaction of $35,452.80. Following the transaction, the director now owns 11,300 shares of the company’s stock, valued at approximately $1,112,824. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the transaction, the senior vice president now directly owns 76,579 shares in the company, valued at approximately $6,872,965.25. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 661,702 shares of company stock worth $23,399,217 and sold 190,464 shares worth $8,535,735. 11.44% of the stock is currently owned by company insiders.

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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