Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Lifted by NatWest Group plc

NatWest Group plc raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 24.4% during the third quarter, HoldingsChannel reports. The firm owned 93,419 shares of the information services provider’s stock after purchasing an additional 18,337 shares during the period. Alphabet comprises 4.6% of NatWest Group plc’s portfolio, making the stock its 5th largest holding. NatWest Group plc’s holdings in Alphabet were worth $15,494,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Procyon Advisors LLC grew its position in shares of Alphabet by 5.0% in the 1st quarter. Procyon Advisors LLC now owns 120,165 shares of the information services provider’s stock worth $18,136,000 after buying an additional 5,748 shares during the last quarter. Scharf Investments LLC grew its position in Alphabet by 5.2% during the 1st quarter. Scharf Investments LLC now owns 11,417 shares of the information services provider’s stock worth $1,723,000 after purchasing an additional 563 shares during the last quarter. Chesley Taft & Associates LLC grew its position in Alphabet by 0.5% during the 1st quarter. Chesley Taft & Associates LLC now owns 121,060 shares of the information services provider’s stock worth $18,272,000 after purchasing an additional 581 shares during the last quarter. Towerpoint Wealth LLC grew its position in Alphabet by 10.1% during the 1st quarter. Towerpoint Wealth LLC now owns 4,339 shares of the information services provider’s stock worth $655,000 after purchasing an additional 398 shares during the last quarter. Finally, Thrive Wealth Management LLC grew its position in Alphabet by 11.8% during the 1st quarter. Thrive Wealth Management LLC now owns 13,112 shares of the information services provider’s stock worth $1,979,000 after purchasing an additional 1,387 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on GOOGL shares. Piper Sandler reissued an “overweight” rating and set a $200.00 target price on shares of Alphabet in a research report on Monday, September 30th. Wells Fargo & Company dropped their target price on shares of Alphabet from $190.00 to $182.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. JMP Securities reissued a “market outperform” rating and set a $200.00 target price on shares of Alphabet in a research report on Wednesday, September 25th. Tigress Financial lifted their price objective on shares of Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 26th. Finally, Truist Financial lifted their price objective on shares of Alphabet from $196.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $201.76.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the completion of the sale, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at approximately $350,361,837.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the sale, the senior vice president now owns 312,210 shares of the company’s stock, valued at approximately $50,765,346. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the sale, the chief executive officer now directly owns 2,106,806 shares in the company, valued at $350,361,837.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 220,426 shares of company stock valued at $35,993,340 over the last 90 days. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $165.27 on Monday. Alphabet Inc. has a fifty-two week low of $120.21 and a fifty-two week high of $191.75. The stock has a market capitalization of $2.03 trillion, a PE ratio of 23.71, a P/E/G ratio of 1.27 and a beta of 1.04. The company has a fifty day moving average of $161.95 and a two-hundred day moving average of $168.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08.

About Alphabet

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.