Cape Cod Five Cents Savings Bank Grows Position in Alphabet Inc. (NASDAQ:GOOGL)

Cape Cod Five Cents Savings Bank lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,807.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,740 shares of the information services provider’s stock after buying an additional 12,072 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in Alphabet were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Provident Investment Management Inc. increased its holdings in shares of Alphabet by 1,900.0% in the third quarter. Provident Investment Management Inc. now owns 8,480 shares of the information services provider’s stock valued at $811,000 after purchasing an additional 8,056 shares during the last quarter. M Holdings Securities Inc. increased its stake in shares of Alphabet by 1,888.6% in the 3rd quarter. M Holdings Securities Inc. now owns 37,704 shares of the information services provider’s stock worth $3,606,000 after acquiring an additional 35,808 shares during the last quarter. Brooks Moore & Associates Inc. raised its holdings in shares of Alphabet by 1,890.4% during the 3rd quarter. Brooks Moore & Associates Inc. now owns 26,930 shares of the information services provider’s stock worth $2,576,000 after acquiring an additional 25,577 shares during the period. Clarkston Capital Partners LLC boosted its position in shares of Alphabet by 1,949.0% during the 3rd quarter. Clarkston Capital Partners LLC now owns 163,303 shares of the information services provider’s stock valued at $15,620,000 after acquiring an additional 155,333 shares during the last quarter. Finally, Montchanin Asset Management LLC grew its holdings in shares of Alphabet by 1,885.0% in the third quarter. Montchanin Asset Management LLC now owns 13,240 shares of the information services provider’s stock valued at $1,266,000 after purchasing an additional 12,573 shares during the period. 34.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 11,313 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $4,197,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 stock was sold at an average price of $100.00, for a total transaction of $1,131,300.00. Following the transaction, the insider now owns 41,970 shares in the company, valued at approximately $4,197,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of Alphabet stock in a transaction on Monday, March 13th. The stock was purchased at an average price of $29.29 per share, with a total value of $12,155,350.00. Following the purchase, the insider now owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The disclosure for this purchase can be found here. Insiders have sold 36,745 shares of company stock valued at $3,424,078 in the last ninety days. Insiders own 11.44% of the company’s stock.

Alphabet Trading Up 2.3 %

GOOGL opened at $96.11 on Thursday. 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 Inc. has a one year low of $83.34 and a one year high of $143.79. The company has a market cap of $1.23 trillion, a P/E ratio of 21.12, a PEG ratio of 1.25 and a beta of 1.09. The business’s 50-day simple moving average is $94.51 and its 200-day simple moving average is $96.29.

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 the consensus estimate of $1.14 by ($0.09). The company had revenue of $76.05 billion during the quarter, compared to analysts’ expectations 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 prior year, the company earned $1.53 earnings per share. As a group, equities research analysts expect that Alphabet Inc. will post 5.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Mizuho reduced their target price on shares of Alphabet from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, November 30th. Tigress Financial decreased their price objective on Alphabet from $186.00 to $160.00 and set a “strong-buy” rating on the stock in a report on Friday, January 6th. Wells Fargo & Company raised their target price on Alphabet from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Bank of America lifted their target price on 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 reiterated a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. Five 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $132.32.

Alphabet Company 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.