Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Value Partners Investments Inc.

Value Partners Investments Inc. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,237 shares of the information services provider’s stock after acquiring an additional 815 shares during the quarter. Value Partners Investments Inc.’s holdings in Alphabet were worth $726,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. IAG Wealth Partners LLC boosted its position in shares of Alphabet by 3,275.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after acquiring an additional 262 shares in the last quarter. Artemis Wealth Advisors LLC boosted its position in shares of Alphabet by 1,900.0% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 266 shares during the period. Laurel Wealth Planning LLC boosted its position in shares of Alphabet by 1,900.0% in the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 285 shares during the period. Coston McIsaac & Partners boosted its position in shares of Alphabet by 1,900.0% in the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 304 shares during the period. Finally, Horizons Wealth Management acquired a new stake in shares of Alphabet in the 2nd quarter valued at about $33,000. 34.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. MKM Partners upped their target price on Alphabet from $120.00 to $126.00 in a research report on Friday, February 3rd. Tigress Financial decreased their target price on Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a research report on Friday, January 6th. Needham & Company LLC reissued a “buy” rating and issued a $115.00 target price on shares of Alphabet in a research report on Wednesday, March 8th. Truist Financial decreased their target price on Alphabet from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Finally, Mizuho decreased their target price on Alphabet from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, November 30th. Four research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.44.

Insider Activity

In other news, Director Ann Mather sold 380 shares of the firm’s stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $89.24, for a total value of $33,911.20. Following the completion of the transaction, the director now owns 11,300 shares in the company, valued at $1,008,412. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Ann Mather sold 380 shares of Alphabet stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $89.24, for a total transaction of $33,911.20. Following the completion of the sale, the director now owns 11,300 shares in the company, valued at approximately $1,008,412. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were bought at an average price of $29.29 per share, with a total value of $12,155,350.00. Following the transaction, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The disclosure for this purchase can be found here. Insiders sold a total of 74,245 shares of company stock worth $7,174,078 over the last 90 days. 11.44% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 1.3 %

Shares of GOOGL stock opened at $101.62 on Friday. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $143.79. The stock has a market cap of $1.30 trillion, a P/E ratio of 22.33, a P/E/G ratio of 1.33 and a beta of 1.09. The business has a fifty day simple moving average of $95.08 and a 200-day simple moving average of $96.18. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The firm had revenue of $76.05 billion during the quarter, compared to analysts’ expectations of $63.15 billion. During the same quarter in the prior year, the business earned $1.53 EPS. On average, analysts forecast that Alphabet Inc. will post 5.12 earnings per share for the current fiscal year.

Alphabet Company Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.