Toroso Investments LLC Acquires 205,894 Shares of Alphabet Inc. (NASDAQ:GOOG)

Toroso Investments LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 3,053.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 212,637 shares of the information services provider’s stock after purchasing an additional 205,894 shares during the quarter. Alphabet accounts for about 0.8% of Toroso Investments LLC’s holdings, making the stock its 18th biggest position. Toroso Investments LLC’s holdings in Alphabet were worth $20,406,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. OLD Second National Bank of Aurora increased its stake in shares of Alphabet by 1,900.0% during the third quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after purchasing an additional 247 shares during the period. Westchester Capital Management Inc. increased its stake in shares of Alphabet by 1,900.0% during the third quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock worth $25,000 after purchasing an additional 247 shares during the period. Carolina Wealth Advisors LLC increased its stake in shares of Alphabet by 1,900.0% during the third quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock worth $29,000 after purchasing an additional 285 shares during the period. Saban Cheryl increased its stake in shares of Alphabet by 1,900.0% during the third quarter. Saban Cheryl now owns 200 shares of the information services provider’s stock worth $29,000 after purchasing an additional 190 shares during the period. Finally, NewSquare Capital LLC increased its stake in shares of Alphabet by 1,900.0% during the third quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock worth $31,000 after purchasing an additional 304 shares during the period. Institutional investors own 28.69% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the topic of a number of recent research reports. The Goldman Sachs Group set a $128.00 target price on Alphabet in a research note on Friday, February 3rd. UBS Group set a $120.00 price objective on Alphabet in a research note on Monday, February 6th. Bank of America raised their price objective on Alphabet from $116.00 to $119.00 and gave the stock a “buy” rating in a research note on Tuesday, January 31st. Royal Bank of Canada set a $130.00 price objective on Alphabet in a research note on Friday, February 3rd. Finally, Sanford C. Bernstein set a $130.00 price objective on Alphabet in a research note on Monday, February 6th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $137.13.

Insider Activity at Alphabet

In other news, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The shares were bought at an average price of $29.29 per share, with a total value of $12,155,350.00. Following the acquisition, the insider now directly owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, Director Ann Mather sold 340 shares of Alphabet stock in a transaction dated Wednesday, January 25th. The stock was sold at an average price of $96.92, for a total transaction of $32,952.80. Following the transaction, the director now directly owns 11,300 shares of the company’s stock, valued at approximately $1,095,196. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 acquisition, the insider now directly owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The disclosure for this purchase can be found here. Insiders have sold a total of 74,245 shares of company stock valued at $7,174,078 in the last 90 days. 12.99% of the stock is owned by corporate insiders.

Alphabet Trading Up 4.7 %

NASDAQ GOOG opened at $101.07 on Friday. 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 twelve month low of $83.45 and a twelve month high of $144.16. The company has a market cap of $1.29 trillion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.09. The business’s fifty day moving average is $95.41 and its 200 day moving average is $96.87.

Alphabet (NASDAQ:GOOG – Get Rating) last released its quarterly earnings data 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). Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The firm had revenue of $76.05 billion for the quarter, compared to analyst estimates of $76.49 billion. During the same period last year, the business earned $1.53 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts expect that Alphabet Inc. will post 5.12 EPS for the current fiscal year.

Alphabet 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.