Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Boosted by C Partners Holding GmbH

C Partners Holding GmbH raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,900.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 380,080 shares of the information services provider’s stock after acquiring an additional 361,076 shares during the period. Alphabet makes up 7.6% of C Partners Holding GmbH’s investment portfolio, making the stock its 5th biggest holding. C Partners Holding GmbH’s holdings in Alphabet were worth $36,355,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in GOOGL. IAG Wealth Partners LLC boosted its position in shares of Alphabet by 3,275.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Artemis Wealth Advisors LLC increased its holdings in Alphabet by 1,900.0% in the third quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after buying an additional 266 shares in the last quarter. Laurel Wealth Planning LLC lifted its position in shares of Alphabet by 1,900.0% during the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 285 shares during the period. Coston McIsaac & Partners boosted its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock worth $30,000 after acquiring an additional 304 shares in the last quarter. Finally, Horizons Wealth Management acquired a new stake in shares of Alphabet in the 2nd quarter worth approximately $33,000. 34.06% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Up 0.5 %

GOOGL opened at $91.11 on Tuesday. The firm’s 50 day moving average is $94.25 and its 200-day moving average is $96.41. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $143.79. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.17 trillion, a P/E ratio of 20.02, a P/E/G ratio of 1.25 and a beta of 1.09.

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

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $90.15, for a total transaction of $57,425.55. Following the completion of the sale, the chief accounting officer now owns 25,442 shares in the company, valued at approximately $2,293,596.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Ann Mather sold 380 shares of the company’s stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total value of $33,911.20. Following the sale, the director now owns 11,300 shares in the company, valued at approximately $1,008,412. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 637 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $90.15, for a total transaction of $57,425.55. Following the transaction, the chief accounting officer now directly owns 25,442 shares in the company, valued at approximately $2,293,596.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,745 shares of company stock worth $3,424,078. 11.44% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research analyst reports. Rosenblatt Securities dropped their price target on Alphabet from $130.00 to $128.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Mizuho lowered their price target on shares of 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 note on Wednesday, January 4th. They issued a “buy” rating and a $118.00 target price on the stock. Bank of America boosted their price target on Alphabet from $116.00 to $119.00 and gave the stock a “buy” rating in a report on Tuesday, January 31st. Finally, Loop Capital increased their price objective on Alphabet from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Five analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $132.32.

Alphabet Company Profile

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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.