Accredited Investors Inc. Acquires 5,575 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Accredited Investors Inc. grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 53.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,973 shares of the information services provider’s stock after acquiring an additional 5,575 shares during the quarter. Accredited Investors Inc.’s holdings in Alphabet were worth $2,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Alphabet by 1,919.4% in the 3rd quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after acquiring an additional 453,413,389 shares during the last quarter. State Street Corp increased its holdings in Alphabet by 0.8% in the 2nd quarter. State Street Corp now owns 218,540,033 shares of the information services provider’s stock worth $26,159,242,000 after acquiring an additional 1,666,205 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Alphabet by 111,197.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock worth $15,036,178,000 after acquiring an additional 170,267,122 shares during the last quarter. Geode Capital Management LLC boosted its stake in Alphabet by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 121,308,289 shares of the information services provider’s stock worth $14,481,781,000 after purchasing an additional 2,731,671 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Alphabet by 1,759.2% in the 3rd 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. 35.08% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

GOOGL opened at $149.00 on Friday. The stock has a fifty day simple moving average of $140.72 and a two-hundred day simple moving average of $135.72. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.86 trillion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 1.35 and a beta of 1.06. Alphabet Inc. has a 12-month low of $88.57 and a 12-month high of $153.78.

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

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00. Following the sale, the chief executive officer now directly owns 2,377,691 shares of the company’s stock, valued at $347,832,416.39. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00. Following the sale, the chief executive officer now directly owns 2,377,691 shares of the company’s stock, valued at $347,832,416.39. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at $4,009,032.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,974 shares of company stock valued at $19,427,217. Insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on GOOGL. BMO Capital Markets raised their target price on Alphabet from $170.00 to $178.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Rosenblatt Securities dropped their target price on Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. KeyCorp boosted their target price on Alphabet from $153.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Barclays dropped their target price on Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Finally, Redburn Atlantic boosted their target price on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $153.65.

Check Out Our Latest Stock Report on Alphabet

Alphabet 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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