Schaper Benz & Wise Investment Counsel Inc. WI Buys 1,657 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 140,651 shares of the information services provider’s stock after purchasing an additional 1,657 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Alphabet were worth $12,410,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Alphabet by 1,919.4% in the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after purchasing an additional 453,413,389 shares during the period. State Street Corp increased its holdings in shares of Alphabet by 1,900.6% in the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after purchasing an additional 206,300,042 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Alphabet by 1,759.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after purchasing an additional 109,870,525 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Alphabet by 1,955.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 61,134,061 shares of the information services provider’s stock worth $5,847,474,000 after purchasing an additional 58,159,150 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Alphabet by 1,896.9% in the third quarter. Bank of New York Mellon Corp now owns 58,060,946 shares of the information services provider’s stock worth $5,553,529,000 after purchasing an additional 55,153,448 shares during the period. Institutional investors own 34.06% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 87,397 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $14.03, for a total value of $1,226,179.91. Following the transaction, the insider now directly owns 11,012,841 shares in the company, valued at approximately $154,510,159.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,397 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $14.03, for a total transaction of $1,226,179.91. Following the transaction, the insider now directly owns 11,012,841 shares in the company, valued at $154,510,159.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 637 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total transaction of $68,483.87. Following 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. In the last three months, insiders have purchased 732,217 shares of company stock worth $21,135,371 and have sold 326,208 shares worth $16,803,119. Insiders own 11.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on GOOGL. Wolfe Research upped their target price on shares of Alphabet from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. JMP Securities reiterated a “market outperform” rating and issued a $132.00 target price on shares of Alphabet in a research report on Thursday, March 16th. StockNews.com upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Wednesday, April 26th. Credit Suisse Group cut their price target on shares of Alphabet from $136.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, April 26th. Finally, Jefferies Financial Group restated a “buy” rating and set a $130.00 price target on shares of Alphabet in a research report on Friday, February 10th. Three analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.06.

Alphabet Stock Performance

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

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.06 by $0.11. The company had revenue of $69.79 billion for the quarter, compared to the consensus estimate 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 firm posted $1.23 EPS. Research analysts predict that Alphabet Inc. will post 5.39 EPS for the current 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.