Alphabet Inc. (NASDAQ:GOOGL) Position Raised by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,908.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 310,675 shares of the information services provider’s stock after purchasing an additional 295,205 shares during the quarter. Alphabet makes up approximately 3.1% of Mogy Joel R Investment Counsel Inc.’s portfolio, making the stock its 10th largest holding. Mogy Joel R Investment Counsel Inc.’s holdings in Alphabet were worth $29,716,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its holdings in Alphabet by 1,955.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 61,134,061 shares of the information services provider’s stock valued at $5,847,474,000 after purchasing an additional 58,159,150 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Alphabet by 1,928.6% during the third quarter. Fisher Asset Management LLC now owns 42,474,883 shares of the information services provider’s stock valued at $4,062,723,000 after buying an additional 40,381,114 shares during the period. Nuveen Asset Management LLC increased its position in shares of Alphabet by 1,731.5% during the third quarter. Nuveen Asset Management LLC now owns 33,615,585 shares of the information services provider’s stock valued at $3,215,331,000 after buying an additional 31,780,148 shares during the period. Jennison Associates LLC increased its position in shares of Alphabet by 1,690.3% during the third quarter. Jennison Associates LLC now owns 26,231,920 shares of the information services provider’s stock valued at $2,509,083,000 after buying an additional 24,766,730 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Alphabet by 1.4% during the first quarter. Vanguard Group Inc. now owns 23,304,411 shares of the information services provider’s stock valued at $64,817,723,000 after buying an additional 331,945 shares during the period. 34.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the transaction, the chief accounting officer now owns 25,122 shares in the company, valued at $2,289,870.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the transaction, the chief accounting officer now owns 25,122 shares in the company, valued at $2,289,870.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 11,313 shares of the stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $100.00, for a total value of $1,131,300.00. Following the completion of the transaction, the insider now owns 41,970 shares of the company’s stock, valued at approximately $4,197,000. The disclosure for this sale can be found here. Insiders sold 36,745 shares of company stock valued at $3,424,078 over the last quarter. 11.44% of the stock is owned by company insiders.

Alphabet Stock Performance

Shares of GOOGL stock opened at $90.63 on Friday. The stock has a fifty day moving average of $94.19 and a 200 day moving average of $96.71. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $143.79. The firm has a market capitalization of $1.16 trillion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.27 and a beta of 1.09. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The business had revenue of $76.05 billion during the quarter, compared to analysts’ expectations of $63.15 billion. During the same period in the previous year, the business earned $1.53 EPS. As a group, research analysts expect that Alphabet Inc. will post 5.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $115.00 price target on shares of Alphabet in a research report on Wednesday. Mizuho decreased their price target on Alphabet from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, November 30th. New Street Research assumed coverage on Alphabet in a research report on Wednesday, January 4th. They set a “buy” rating and a $118.00 price target on the stock. Roth Capital reiterated a “buy” rating on shares of Alphabet in a research report on Friday, February 3rd. Finally, Bank of America upped their price objective on shares of Alphabet from $116.00 to $119.00 and gave the stock a “buy” rating in a research report on Tuesday, January 31st. Five research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has assigned 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 $132.32.

Alphabet Profile

(Get Rating)

Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.