Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 16.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 329,588 shares of the information services provider’s stock after acquiring an additional 47,557 shares during the period. Alphabet comprises approximately 3.3% of Van Hulzen Asset Management LLC’s holdings, making the stock its 4th biggest holding. Van Hulzen Asset Management LLC’s holdings in Alphabet were worth $43,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bornite Capital Management LP acquired a new position in shares of Alphabet in the 1st quarter valued at $16,688,000. Markel Corp boosted its holdings in shares of Alphabet by 17.0% in the 1st quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock valued at $43,110,000 after purchasing an additional 2,250 shares during the last quarter. United Bank boosted its holdings in shares of Alphabet by 5.9% in the 1st quarter. United Bank now owns 2,033 shares of the information services provider’s stock valued at $5,654,000 after purchasing an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Alphabet by 23.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock valued at $900,929,000 after purchasing an additional 61,427 shares during the last quarter. Finally, Dakota Wealth Management boosted its holdings in shares of Alphabet by 20.4% in the 1st quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock valued at $25,806,000 after purchasing an additional 1,570 shares during the last quarter. 35.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Mizuho lifted their price target on shares of Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Morgan Stanley reduced their target price on shares of Alphabet from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 25th. Royal Bank of Canada restated an “outperform” rating and set a $155.00 target price on shares of Alphabet in a report on Wednesday, January 31st. Roth Mkm reduced their target price on shares of Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Finally, Tigress Financial boosted their price objective on shares of Alphabet from $172.00 to $176.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 21st. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $153.65.

View Our Latest Stock Report on GOOGL

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the completion of the sale, the chief executive officer now directly owns 2,377,691 shares of the company’s stock, valued at approximately $347,832,416.39. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frances Arnold sold 230 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The disclosure for this sale can be found here. Insiders sold 136,974 shares of company stock valued at $19,427,217 in the last ninety days. Company insiders own 0.88% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $149.00 on Monday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a fifty-two week low of $88.57 and a fifty-two week high of $153.78. The firm has a 50-day simple moving average of $140.72 and a 200 day simple moving average of $135.76. The company has a market cap of $1.86 trillion, a PE ratio of 25.69, a P/E/G ratio of 1.38 and a beta of 1.06.

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

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, devices, 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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