Mather Group LLC. Acquires 16,223 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Mather Group LLC. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 34.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,043 shares of the information services provider’s stock after acquiring an additional 16,223 shares during the period. Mather Group LLC.’s holdings in Alphabet were worth $8,250,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. DC Investments Management LLC bought a new position in shares of Alphabet in the first quarter worth approximately $114,000. Bridgefront Capital LLC bought a new position in shares of Alphabet in the first quarter worth approximately $225,000. Worth Asset Management LLC bought a new position in shares of Alphabet in the first quarter worth approximately $206,000. Eudaimonia Advisors LLC lifted its stake in shares of Alphabet by 15.1% in the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after buying an additional 13 shares in the last quarter. Finally, Aspire Capital Advisors LLC bought a new position in shares of Alphabet in the first quarter worth approximately $281,000. Institutional investors own 35.08% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Monday, December 11th. The stock was sold at an average price of $133.97, for a total transaction of $26,794.00. Following the completion of the sale, the director now directly owns 6,984 shares in the company, valued at $935,646.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $133.97, for a total value of $26,794.00. Following the completion of the transaction, the director now directly owns 6,984 shares in the company, valued at $935,646.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 425 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total transaction of $59,334.25. Following the completion of the transaction, the chief accounting officer now owns 27,259 shares of the company’s stock, valued at $3,805,628.99. The disclosure for this sale can be found here. Insiders sold 207,800 shares of company stock worth $29,529,164 over the last 90 days. Company insiders own 0.88% of the company’s stock.

Alphabet Price Performance

GOOGL stock opened at $137.14 on Friday. Alphabet Inc. has a 52 week low of $89.42 and a 52 week high of $153.78. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $142.81 and a two-hundred day simple moving average of $136.85. The firm has a market capitalization of $1.72 trillion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 1.28 and a beta of 1.06.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The business 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 last year, the business earned $1.05 earnings per share. Analysts anticipate that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GOOGL. Needham & Company LLC restated a “buy” rating and set a $160.00 price objective on shares of Alphabet in a research report on Wednesday, January 31st. Barclays reduced their target price on shares of Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. Rosenblatt Securities reduced their target price on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. JMP Securities upped their target price on shares of Alphabet from $150.00 to $160.00 and gave the company a “market outperform” rating in a report on Wednesday, January 31st. Finally, Roth Mkm reduced their price objective on shares of Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $153.65.

Check Out Our Latest Stock Report on Alphabet

Alphabet Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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