Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Qsemble Capital Management LP

Qsemble Capital Management LP lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 131.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,100 shares of the information services provider’s stock after acquiring an additional 9,700 shares during the period. Qsemble Capital Management LP’s holdings in Alphabet were worth $2,238,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bornite Capital Management LP purchased a new stake in shares of Alphabet during the 1st quarter worth approximately $16,688,000. Markel Corp lifted its position in shares of Alphabet by 17.0% during the 1st quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock worth $43,110,000 after buying an additional 2,250 shares during the last quarter. United Bank lifted its position in shares of Alphabet by 5.9% during the 1st quarter. United Bank now owns 2,033 shares of the information services provider’s stock worth $5,654,000 after buying an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in 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 raised its position in 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. Institutional investors and hedge funds own 35.08% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, SVP Prabhakar Raghavan sold 16,088 shares of Alphabet stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $139.10, for a total value of $2,237,840.80. Following the completion of the transaction, the senior vice president now owns 52,440 shares of the company’s stock, valued at $7,294,404. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Frances Arnold sold 230 shares of Alphabet 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 sale, the director now directly owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Prabhakar Raghavan sold 16,088 shares of Alphabet stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $139.10, for a total transaction of $2,237,840.80. Following the sale, the senior vice president now owns 52,440 shares in the company, valued at $7,294,404. The disclosure for this sale can be found here. Insiders sold a total of 136,974 shares of company stock valued at $19,427,217 over the last 90 days. 0.88% of the stock is owned by company insiders.

Alphabet Stock Down 1.0 %

GOOGL stock opened at $147.53 on Tuesday. Alphabet Inc. has a twelve month low of $88.57 and a twelve month high of $153.78. 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 capitalization of $1.85 trillion, a P/E ratio of 25.44, a PEG ratio of 1.38 and a beta of 1.06. The firm has a 50 day simple moving average of $141.08 and a 200-day simple moving average of $135.89.

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

Wall Street Analyst Weigh In

GOOGL has been the subject of several research reports. Susquehanna upped their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Mizuho upped their price objective on shares of Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Wells Fargo & Company upped their price objective on shares of Alphabet from $126.00 to $129.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 16th. Barclays cut their price objective on shares of 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 upped their price objective on shares of Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $153.65.

Read Our Latest Stock Analysis on GOOGL

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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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