Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 78.0% in the first quarter, HoldingsChannel.com reports. The firm owned 2,969 shares of the information services provider’s stock after acquiring an additional 1,301 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Alphabet were worth $8,258,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. State Street Corp lifted its position in shares of Alphabet by 1.4% during the 4th quarter. State Street Corp now owns 11,252,792 shares of the information services provider’s stock valued at $32,599,789,000 after acquiring an additional 157,280 shares during the period. Geode Capital Management LLC lifted its position in shares of Alphabet by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 5,322,633 shares of the information services provider’s stock valued at $15,381,257,000 after acquiring an additional 116,084 shares during the period. Norges Bank acquired a new stake in shares of Alphabet during the 4th quarter valued at approximately $14,477,662,000. Massachusetts Financial Services Co. MA lifted its position in shares of Alphabet by 0.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,825,959 shares of the information services provider’s stock valued at $8,186,916,000 after acquiring an additional 20,120 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Alphabet by 14.1% during the 4th quarter. Invesco Ltd. now owns 2,292,059 shares of the information services provider’s stock valued at $6,640,190,000 after acquiring an additional 283,907 shares during the period. Institutional investors and hedge funds own 41.70% of the company’s stock.

Insider Activity

In other news, major shareholder 2021 Gp L.L.C. Gv purchased 255,647 shares of the stock in a transaction dated Tuesday, May 10th. The stock was acquired at an average cost of $34.65 per share, for a total transaction of $8,858,168.55. Following the acquisition, the insider now owns 479,695 shares of the company’s stock, valued at $16,621,431.75. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, insider John Kent Walker sold 34,799 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $118.25, for a total value of $4,114,981.75. Following the completion of the sale, the insider now directly owns 18,484 shares in the company, valued at approximately $2,185,733. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2021 Gp L.L.C. Gv acquired 255,647 shares of Alphabet stock in a transaction that occurred on Tuesday, May 10th. The shares were bought at an average price of $34.65 per share, with a total value of $8,858,168.55. Following the transaction, the insider now directly owns 479,695 shares in the company, valued at $16,621,431.75. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 42,383 shares of company stock worth $15,761,666. 11.44% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GOOGL shares. Susquehanna cut their price objective on Alphabet from $187.50 to $150.00 and set a “positive” rating for the company in a research report on Wednesday, July 27th. Piper Sandler cut their price objective on Alphabet from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, July 27th. Wells Fargo & Company cut their price objective on Alphabet from $170.00 to $160.00 and set an “overweight” rating for the company in a research report on Wednesday, July 27th. Wedbush cut their price objective on Alphabet from $190.00 to $155.65 in a research report on Wednesday, April 27th. Finally, JPMorgan Chase & Co. cut their price objective on Alphabet from $160.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, June 29th. Five research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.36.

Alphabet Stock Performance

Shares of GOOGL stock opened at $117.47 on Friday. Alphabet Inc. has a 12 month low of $101.88 and a 12 month high of $151.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 2.78. The firm has a market capitalization of $1.55 trillion, a P/E ratio of 21.85, a P/E/G ratio of 1.91 and a beta of 1.08. The company’s fifty day moving average price is $155.27 and its two-hundred day moving average price is $137.96.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.11). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same quarter in the prior year, the firm posted $27.26 EPS. On average, research analysts anticipate that Alphabet Inc. will post 5.22 earnings per share for the current fiscal year.

About Alphabet

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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