Alphabet Inc. (NASDAQ:GOOGL) Stock Position Increased by M Holdings Securities Inc.

M Holdings Securities Inc. boosted its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,888.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,704 shares of the information services provider’s stock after purchasing an additional 35,808 shares during the quarter. M Holdings Securities Inc.’s holdings in Alphabet were worth $3,606,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Alphabet by 1,919.4% during the 3rd quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock valued at $45,628,484,000 after buying an additional 453,413,389 shares during the period. State Street Corp increased its stake 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 valued at $20,770,809,000 after buying an additional 206,300,042 shares during the period. Price T Rowe Associates Inc. MD increased its stake 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 valued at $11,106,502,000 after buying an additional 109,870,525 shares during the period. Massachusetts Financial Services Co. MA increased its stake 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 valued at $5,847,474,000 after buying an additional 58,159,150 shares during the period. Finally, Bank of New York Mellon Corp increased its stake 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 valued at $5,553,529,000 after buying an additional 55,153,448 shares during the period. 34.06% of the stock is currently owned by institutional investors.

Alphabet Trading Up 2.3 %

Shares of NASDAQ:GOOGL opened at $96.11 on Thursday. The company has a market cap 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. The stock’s 50-day moving average is $94.51 and its 200-day moving average is $96.29. Alphabet Inc. has a 52-week low of $83.34 and a 52-week 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.

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

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several recent research reports. Evercore ISI lowered their price objective on shares of Alphabet from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Alphabet in a research note on Friday, February 10th. Loop Capital lifted their price objective on shares of Alphabet from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, February 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Alphabet in a research note on Wednesday, March 8th. Finally, Bank of America lifted their price objective on shares of Alphabet from $116.00 to $119.00 and gave the stock a “buy” rating in a research note 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 given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.32.

Insider Activity

In related news, insider John Kent Walker sold 11,313 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following the completion of the sale, the insider now owns 41,970 shares of the company’s stock, valued at $4,197,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the sale, the senior vice president now owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 11,313 shares of Alphabet stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following the completion of the sale, the insider now directly owns 41,970 shares in the company, valued at approximately $4,197,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,745 shares of company stock worth $3,424,078. Insiders own 11.44% of the company’s stock.

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.