Alphabet Inc. (NASDAQ:GOOG) Shares Bought by CVA Family Office LLC

CVA Family Office LLC raised its position in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,900.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,240 shares of the information services provider’s stock after purchasing an additional 3,078 shares during the quarter. CVA Family Office LLC’s holdings in Alphabet were worth $312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GOOG. Vanguard Group Inc. boosted its holdings in Alphabet by 1,885.5% in the 3rd quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock valued at $40,593,957,000 after purchasing an additional 400,930,216 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Alphabet by 1,857.3% in the 3rd quarter. BlackRock Inc. now owns 364,589,580 shares of the information services provider’s stock worth $35,055,286,000 after acquiring an additional 345,962,033 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Alphabet by 1,770.6% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock worth $19,639,414,000 after acquiring an additional 192,607,045 shares during the last quarter. State Street Corp lifted its holdings in shares of Alphabet by 1,851.7% in the 3rd quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock worth $18,931,733,000 after acquiring an additional 186,809,281 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Alphabet by 1,862.3% in the 3rd quarter. Alliancebernstein L.P. now owns 63,184,850 shares of the information services provider’s stock worth $6,075,223,000 after acquiring an additional 59,964,963 shares during the last quarter. 28.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on GOOG shares. UBS Group set a $120.00 price objective on shares of Alphabet in a report on Monday, February 6th. Raymond James upped their price objective on shares of Alphabet from $116.00 to $119.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Cowen decreased their price objective on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, January 11th. Sanford C. Bernstein set a $130.00 price objective on shares of Alphabet in a report on Monday, February 6th. Finally, Piper Sandler cut their target price on shares of Alphabet from $122.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, February 3rd. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $137.13.

Alphabet Trading Up 1.4 %

Shares of NASDAQ:GOOG opened at $102.46 on Friday. Alphabet Inc. has a 52 week low of $83.45 and a 52 week high of $144.16. The company’s 50 day moving average is $95.69 and its two-hundred day moving average is $96.82. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.31 trillion, a PE ratio of 22.51, a P/E/G ratio of 1.30 and a beta of 1.09.

Alphabet (NASDAQ:GOOG – Get Rating) last announced 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). Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The firm had revenue of $76.05 billion during the quarter, compared to analysts’ expectations of $76.49 billion. During the same period in the prior year, the company posted $1.53 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts predict that Alphabet Inc. will post 5.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Alphabet

In related news, Director Ann Mather sold 340 shares of the stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $96.92, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Kavitark Ram Shriram sold 37,500 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $100.00, for a total value of $3,750,000.00. Following the transaction, the director now directly owns 144,740 shares of the company’s stock, valued at approximately $14,474,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 340 shares of the stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $96.92, for a total transaction of $32,952.80. Following the completion of the transaction, the director now directly owns 11,300 shares in the company, valued at $1,095,196. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,245 shares of company stock valued at $7,174,078. Insiders own 12.99% of the company’s stock.

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.