Alphabet Inc. (NASDAQ:GOOGL) is Alhambra Investment Management LLC’s 10th Largest Position

Alhambra Investment Management LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,535 shares of the information services provider’s stock after acquiring an additional 300 shares during the period. Alphabet makes up approximately 1.6% of Alhambra Investment Management LLC’s holdings, making the stock its 10th biggest holding. Alhambra Investment Management LLC’s holdings in Alphabet were worth $2,729,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. DC Investments Management LLC acquired a new stake in Alphabet in the first quarter valued at approximately $114,000. Bridgefront Capital LLC acquired a new stake in shares of Alphabet during the first quarter worth $225,000. Worth Asset Management LLC acquired a new stake in shares of Alphabet during the first quarter worth $206,000. Eudaimonia Advisors LLC lifted its stake in shares of Alphabet by 15.1% during the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after buying an additional 13 shares during the period. Finally, Aspire Capital Advisors LLC acquired a new stake in shares of Alphabet during the first quarter worth $281,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on GOOGL. Royal Bank of Canada reiterated an “outperform” rating and set a $155.00 price objective on shares of Alphabet in a research note on Wednesday, January 31st. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price objective on shares of Alphabet in a research note on Wednesday, January 31st. Citigroup lifted their price objective on shares of Alphabet from $153.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Redburn Atlantic lifted their price objective on shares of Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, Rosenblatt Securities reduced their target price on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $155.48.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the transaction, the chief executive officer now directly owns 2,310,191 shares in the company, valued at $343,710,216.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the transaction, the chief executive officer now directly owns 2,310,191 shares in the company, valued at $343,710,216.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 500 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $149.50, for a total transaction of $74,750.00. Following the transaction, the director now owns 8,791 shares in the company, valued at $1,314,254.50. The disclosure for this sale can be found here. Insiders sold 251,138 shares of company stock valued at $35,427,655 over the last 90 days. Corporate insiders own 0.88% of the company’s stock.

Alphabet Stock Up 0.0 %

GOOGL stock opened at $150.93 on Friday. The stock has a market capitalization of $1.88 trillion, a P/E ratio of 26.02, a P/E/G ratio of 1.39 and a beta of 1.04. The firm has a 50-day simple moving average of $143.52 and a 200-day simple moving average of $138.12. 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 52 week low of $99.78 and a 52 week high of $153.78.

Alphabet (NASDAQ:GOOGL) 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. The business 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 company earned $1.05 earnings per share. Equities analysts forecast that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

About Alphabet

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.