Alphabet Inc. (NASDAQ:GOOGL) is River & Mercantile Asset Management LLP’s 7th Largest Position

River & Mercantile Asset Management LLP raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,395.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,270 shares of the information services provider’s stock after buying an additional 103,827 shares during the period. Alphabet comprises about 1.9% of River & Mercantile Asset Management LLP’s holdings, making the stock its 7th largest holding. River & Mercantile Asset Management LLP’s holdings in Alphabet were worth $10,646,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the business’s stock in a transaction on Monday, March 13th. The shares were bought at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the purchase, the insider now owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the stock in a transaction that occurred on Monday, March 13th. The shares were purchased at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the transaction, the insider now directly owns 1,709,527 shares in the company, valued at $50,072,045.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the transaction, the chief accounting officer now directly owns 25,122 shares in the company, valued at $2,289,870.30. The disclosure for this sale can be found here. Insiders have sold a total of 74,245 shares of company stock worth $7,174,078 over the last quarter. 11.44% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Truist Financial cut their target price on Alphabet from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. Mizuho dropped their price objective on Alphabet from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, November 30th. 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 note on Tuesday, January 31st. Rosenblatt Securities lowered their target price on Alphabet from $130.00 to $128.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. Finally, MKM Partners upped their price objective on Alphabet from $120.00 to $126.00 in a research report on Friday, February 3rd. Five equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.32.

Alphabet Trading Up 4.4 %

NASDAQ:GOOGL opened at $100.32 on Friday. The company has a market cap of $1.28 trillion, a PE ratio of 22.04, a P/E/G ratio of 1.26 and a beta of 1.09. The business’s 50 day moving average is $94.79 and its two-hundred day moving average is $96.32. 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 Inc. has a 52 week low of $83.34 and a 52 week high of $143.79.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings data 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). The business had revenue of $76.05 billion during the quarter, compared to analyst estimates of $63.15 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. During the same period in the prior year, the firm earned $1.53 EPS. On average, analysts predict that Alphabet Inc. will post 5.12 EPS for the current year.

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.