Mawer Investment Management Ltd. Decreases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Mawer Investment Management Ltd. reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,847 shares of the information services provider’s stock after selling 868 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Alphabet were worth $5,457,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. FourThought Financial Partners LLC acquired a new stake in Alphabet in the 4th quarter valued at about $5,415,000. Willow Creek Wealth Management Inc. lifted its position in Alphabet by 1,926.9% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 18,546 shares of the information services provider’s stock worth $1,774,000 after acquiring an additional 17,631 shares during the last quarter. Bfsg LLC lifted its position in Alphabet by 160.5% during the 4th quarter. Bfsg LLC now owns 8,075 shares of the information services provider’s stock worth $712,000 after acquiring an additional 4,975 shares during the last quarter. Ibex Investors LLC bought a new position in shares of Alphabet during the 4th quarter worth about $2,617,000. Finally, Arjuna Capital increased its stake in Alphabet by 2.8% in the fourth quarter. Arjuna Capital now owns 127,545 shares of the information services provider’s stock valued at $11,253,000 after acquiring an additional 3,427 shares during the period. 34.06% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Up 0.8 %

Shares of Alphabet stock opened at $117.51 on Friday. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $122.43. The company has a market cap of $1.49 trillion, a price-to-earnings ratio of 26.17, a PEG ratio of 1.35 and a beta of 1.10. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $103.71 and its 200-day moving average price is $97.24.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.11. The company had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $57.19 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. During the same period in the prior year, the business earned $1.23 earnings per share. On average, equities analysts expect that Alphabet Inc. will post 5.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GOOGL has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, April 6th. KeyCorp decreased their target price on shares of Alphabet from $118.00 to $117.00 and set an “overweight” rating for the company in a research report on Monday, January 30th. Roth Capital reiterated a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. Roth Mkm increased their price target on shares of Alphabet from $126.00 to $134.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Finally, Jefferies Financial Group restated a “buy” rating and set a $130.00 target price on shares of Alphabet in a research note on Friday, February 10th. Three investment analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.06.

Insider Buying and Selling at Alphabet

In other news, Director Ann Mather sold 380 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $90.05, for a total value of $34,219.00. Following the transaction, the director now owns 11,300 shares in the company, valued at $1,017,565. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ann Mather sold 380 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the sale, the director now owns 11,300 shares of the company’s stock, valued at $1,017,565. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total value of $68,483.87. Following the completion of the sale, the chief accounting officer now directly owns 25,937 shares of the company’s stock, valued at approximately $2,788,486.87. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 732,217 shares of company stock worth $21,135,371 and have sold 326,208 shares worth $16,803,119. Company insiders own 11.44% 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.