Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Insight Inv LLC

Insight Inv LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,255 shares of the information services provider’s stock after purchasing an additional 115 shares during the quarter. Alphabet accounts for about 2.2% of Insight Inv LLC’s portfolio, making the stock its 10th largest position. Insight Inv LLC’s holdings in Alphabet were worth $2,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Alphabet by 1,919.4% in the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock valued at $45,628,484,000 after purchasing an additional 453,413,389 shares during the last quarter. State Street Corp increased its stake in shares of Alphabet by 1,900.6% in the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock valued at $20,770,809,000 after buying an additional 206,300,042 shares during the period. Moneta Group Investment Advisors LLC boosted its position in Alphabet by 111,197.8% during 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 buying an additional 170,267,122 shares during the period. Price T Rowe Associates Inc. MD increased its position 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 valued at $11,106,502,000 after acquiring an additional 109,870,525 shares during the period. Finally, Norges Bank acquired a new position in shares of Alphabet during the fourth quarter worth $8,335,063,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 1.3 %

Shares of Alphabet stock opened at $152.50 on Friday. The company has a market capitalization of $1.90 trillion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 1.39 and a beta of 1.05. The stock has a fifty day simple moving average of $144.20 and a 200 day simple moving average of $138.88. Alphabet Inc. has a 12-month low of $102.63 and a 12-month high of $155.74. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $1.05 EPS. On average, sell-side analysts anticipate that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on GOOGL. BMO Capital Markets lifted their target price on Alphabet from $170.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Susquehanna increased their target price 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 boosted their price target 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. Wedbush increased their price objective on shares of Alphabet from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Finally, Truist Financial lowered their target price on shares of Alphabet from $160.00 to $158.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned 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 $155.39.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $143.49, for a total value of $28,698.00. Following the transaction, the director now owns 6,784 shares in the company, valued at approximately $973,436.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $143.49, for a total transaction of $28,698.00. Following the sale, the director now directly owns 6,784 shares in the company, valued at approximately $973,436.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the transaction, the chief executive officer now owns 2,325,513 shares of the company’s stock, valued at approximately $362,012,608.71. The disclosure for this sale can be found here. In the last ninety days, insiders sold 250,739 shares of company stock valued at $35,934,957. Corporate insiders own 0.88% of the company’s stock.

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.