Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 10.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,319,595 shares of the information services provider’s stock after purchasing an additional 912,447 shares during the period. Alphabet accounts for 2.5% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s investment portfolio, making the stock its 3rd largest holding. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned approximately 0.07% of Alphabet worth $1,219,562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GOOGL. Live Oak Investment Partners purchased a new position in Alphabet in the fourth quarter valued at approximately $26,000. CarsonAllaria Wealth Management Ltd. grew its position in shares of Alphabet by 136.7% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 284 shares of the information services provider’s stock valued at $34,000 after buying an additional 164 shares during the last quarter. VitalStone Financial LLC raised its stake in Alphabet by 1,900.0% during the 2nd quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock worth $34,000 after acquiring an additional 266 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in Alphabet in the fourth quarter valued at $34,000. Finally, Turim 21 Investimentos Ltda. acquired a new position in Alphabet in the third quarter valued at $38,000. 35.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wolfe Research boosted their target price on Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. StockNews.com raised Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Redburn Atlantic lifted their target price on shares of Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Morgan Stanley decreased their price target on shares of Alphabet from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 25th. Finally, Piper Sandler lifted their price objective on shares of Alphabet from $147.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, October 25th. Five research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $153.65.

Get Our Latest Research Report on GOOGL

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 420 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $133.32, for a total transaction of $55,994.40. Following the sale, the chief accounting officer now owns 26,833 shares in the company, valued at approximately $3,577,375.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 420 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $133.32, for a total value of $55,994.40. Following the transaction, the chief accounting officer now directly owns 26,833 shares in the company, valued at approximately $3,577,375.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $136.40, for a total transaction of $31,372.00. Following the sale, the director now owns 14,515 shares of the company’s stock, valued at $1,979,846. The disclosure for this sale can be found here. Insiders sold 136,974 shares of company stock worth $19,427,217 in the last ninety days. Insiders own 0.88% of the company’s stock.

Alphabet Trading Up 2.1 %

NASDAQ:GOOGL opened at $149.00 on Friday. Alphabet Inc. has a 52-week low of $88.57 and a 52-week high of $153.78. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $140.72 and a 200-day simple moving average of $135.62. The company has a market capitalization of $1.86 trillion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.35 and a beta of 1.06.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same quarter in the previous year, the business posted $1.05 earnings per share. On average, equities research analysts expect that Alphabet Inc. will post 6.76 earnings per share for the current fiscal year.

Alphabet Company Profile

(Free Report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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