Andra AP fonden Purchases 4,191 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Andra AP fonden raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 11.9% during the second quarter, Holdings Channel reports. The fund owned 39,442 shares of the information services provider’s stock after acquiring an additional 4,191 shares during the period. Andra AP fonden’s holdings in Alphabet were worth $4,721,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Modera Wealth Management LLC increased its position in Alphabet by 11.4% in the first quarter. Modera Wealth Management LLC now owns 43,230 shares of the information services provider’s stock worth $4,484,000 after buying an additional 4,420 shares in the last quarter. Atria Investments Inc grew its stake in shares of Alphabet by 7.4% during the 1st quarter. Atria Investments Inc now owns 316,800 shares of the information services provider’s stock valued at $32,918,000 after acquiring an additional 21,907 shares during the period. Cadent Capital Advisors LLC increased its holdings in Alphabet by 3.4% in the 2nd quarter. Cadent Capital Advisors LLC now owns 4,158 shares of the information services provider’s stock worth $498,000 after acquiring an additional 136 shares in the last quarter. Hallmark Capital Management Inc. lifted its holdings in Alphabet by 8.9% during the first quarter. Hallmark Capital Management Inc. now owns 167,148 shares of the information services provider’s stock valued at $17,338,000 after purchasing an additional 13,605 shares in the last quarter. Finally, Soltis Investment Advisors LLC boosted its position in shares of Alphabet by 17.1% in the first quarter. Soltis Investment Advisors LLC now owns 46,675 shares of the information services provider’s stock worth $4,842,000 after purchasing an additional 6,825 shares during the period. 35.08% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Shares of Alphabet stock opened at $136.25 on Tuesday. The company has a market capitalization of $1.71 trillion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 1.51 and a beta of 1.05. Alphabet Inc. has a 52 week low of $84.86 and a 52 week high of $141.22. The stock’s fifty day moving average is $133.42 and its two-hundred day moving average is $127.88. The company has a quick ratio of 2.01, a current ratio of 2.04 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, October 24th. The information services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. The business had revenue of $64.05 billion for the quarter, compared to the consensus estimate of $63.13 billion. As a group, analysts expect that Alphabet Inc. will post 5.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Piper Sandler lifted their target price on shares of Alphabet from $147.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, October 25th. Loop Capital upped their price objective on Alphabet from $125.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. Mizuho boosted their price target on Alphabet from $135.00 to $155.00 in a report on Wednesday, July 26th. Susquehanna restated a “positive” rating and issued a $150.00 price target on shares of Alphabet in a research note on Thursday, August 31st. Finally, Citigroup lifted their price objective on shares of Alphabet from $130.00 to $153.00 in a research report on Wednesday, July 26th. Five analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $147.00.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Ann Mather sold 220 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $130.14, for a total transaction of $28,630.80. Following the transaction, the director now owns 4,818 shares of the company’s stock, valued at approximately $627,014.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $133.82, for a total value of $2,152,227.06. Following the transaction, the senior vice president now owns 75,621 shares in the company, valued at $10,119,602.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 220 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $130.14, for a total transaction of $28,630.80. Following the completion of the transaction, the director now owns 4,818 shares of the company’s stock, valued at $627,014.52. The disclosure for this sale can be found here. Insiders sold a total of 176,576 shares of company stock valued at $23,425,367 in the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Alphabet Company Profile

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.