Banque Cantonale Vaudoise Purchases 22,324 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Banque Cantonale Vaudoise boosted its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 9.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,974 shares of the information services provider’s stock after buying an additional 22,324 shares during the period. Alphabet makes up approximately 1.2% of Banque Cantonale Vaudoise’s portfolio, making the stock its 11th biggest position. Banque Cantonale Vaudoise’s holdings in Alphabet were worth $23,377,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Alphabet by 1,919.4% during the 3rd 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 boosted its stake in Alphabet by 1,900.6% during the 3rd quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock valued at $20,770,809,000 after purchasing an additional 206,300,042 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Alphabet by 1,759.2% during 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 purchasing an additional 109,870,525 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Alphabet by 1,955.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 61,134,061 shares of the information services provider’s stock valued at $5,847,474,000 after purchasing an additional 58,159,150 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Alphabet by 1,896.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 58,060,946 shares of the information services provider’s stock valued at $5,553,529,000 after purchasing an additional 55,153,448 shares during the last quarter. 34.06% of the stock is owned by institutional investors.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $123.48 on Friday. The company has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.54 and a beta of 1.10. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $126.43. The firm’s 50-day moving average is $108.64 and its 200 day moving average is $99.13. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.06 by $0.11. The company had revenue of $69.79 billion for the quarter, compared to the consensus estimate of $57.19 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. During the same period in the prior year, the firm posted $1.23 EPS. Research analysts predict that Alphabet Inc. will post 5.41 EPS for the current year.

Insiders Place Their Bets

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $12.72, for a total value of $347,128.80. Following the transaction, the insider now directly owns 10,958,925 shares in the company, valued at approximately $139,397,526. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director John L. Hennessy sold 800 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $125.00, for a total transaction of $100,000.00. Following the transaction, the director now directly owns 5,940 shares in the company, valued at $742,500. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $12.72, for a total transaction of $347,128.80. Following the transaction, the insider now owns 10,958,925 shares in the company, valued at $139,397,526. The disclosure for this sale can be found here. In the last three months, insiders have purchased 732,217 shares of company stock worth $21,135,371 and have sold 753,384 shares worth $30,574,577. Insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GOOGL. Stifel Nicolaus started coverage on Alphabet in a research note on Monday, March 20th. They set a “buy” rating and a $130.00 price target for the company. Morgan Stanley boosted their target price on Alphabet from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 26th. Needham & Company LLC restated a “buy” rating and issued a $115.00 target price on shares of Alphabet in a research note on Monday, April 3rd. 1-800-FLOWERS.COM restated a “downgrade” rating on shares of Alphabet in a research note on Monday, May 15th. Finally, Wolfe Research boosted their target price on Alphabet from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Four investment 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 stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.56.

Alphabet 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.