Alphabet Inc. (NASDAQ:GOOGL) Stake Raised by D L Carlson Investment Group Inc.

D L Carlson Investment Group Inc. lifted its stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,885.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,672 shares of the information services provider’s stock after purchasing an additional 122,192 shares during the period. Alphabet comprises about 2.7% of D L Carlson Investment Group Inc.’s investment portfolio, making the stock its 9th largest position. D L Carlson Investment Group Inc.’s holdings in Alphabet were worth $12,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Alphabet by 1,919.4% in the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after purchasing an additional 453,413,389 shares during the last quarter. State Street Corp grew its holdings in Alphabet by 1,900.6% during the 3rd quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after acquiring an additional 206,300,042 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Alphabet by 1,759.2% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after acquiring an additional 109,870,525 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Alphabet by 1,955.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 61,134,061 shares of the information services provider’s stock worth $5,847,474,000 after acquiring an additional 58,159,150 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Alphabet by 1,896.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 58,060,946 shares of the information services provider’s stock worth $5,553,529,000 after acquiring an additional 55,153,448 shares in the last quarter. 34.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Alphabet news, Director Ann Mather sold 380 shares of Alphabet stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total transaction of $33,911.20. Following the sale, the director now owns 11,300 shares of the company’s stock, valued at approximately $1,008,412. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Ann Mather sold 380 shares of Alphabet stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $89.24, for a total transaction of $33,911.20. Following the transaction, the director now owns 11,300 shares in the company, valued at approximately $1,008,412. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 22,203 shares of Alphabet stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total value of $1,992,719.25. Following the transaction, the senior vice president now owns 76,579 shares in the company, valued at approximately $6,872,965.25. The disclosure for this sale can be found here. Insiders have sold a total of 36,745 shares of company stock valued at $3,424,078 in the last 90 days. 11.44% of the stock is owned by insiders.

Alphabet Price Performance

Alphabet stock opened at $96.11 on Thursday. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $143.79. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38. The company’s fifty day moving average price is $94.51 and its 200 day moving average price is $96.29. The stock has a market capitalization of $1.23 trillion, a P/E ratio of 21.12, a P/E/G ratio of 1.25 and a beta of 1.09.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its 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). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The business had revenue of $76.05 billion for the quarter, compared to analyst estimates of $63.15 billion. During the same period last year, the firm earned $1.53 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 5.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on GOOGL. MKM Partners increased their target price on shares of Alphabet from $120.00 to $126.00 in a report on Friday, February 3rd. Needham & Company LLC reissued a “buy” rating and set a $115.00 price target on shares of Alphabet in a research report on Wednesday, March 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $132.00 price objective on shares of Alphabet in a research report on Friday, February 3rd. Bank of America increased their price objective on shares of Alphabet from $116.00 to $119.00 and gave the company a “buy” rating in a research report on Tuesday, January 31st. Finally, Roth Capital reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, February 3rd. Five analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $132.32.

About Alphabet

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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.