Linden Thomas Advisory Services LLC Acquires 2,140 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Linden Thomas Advisory Services LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 11.6% during the fourth quarter, HoldingsChannel reports. The fund owned 20,619 shares of the information services provider’s stock after acquiring an additional 2,140 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Alphabet were worth $3,903,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. LMR Partners LLP acquired a new position in shares of Alphabet during the third quarter worth $32,000. Denver PWM LLC grew its stake in Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after buying an additional 57 shares during the last quarter. Quarry LP acquired a new position in Alphabet during the 2nd quarter valued at about $53,000. Teachers Insurance & Annuity Association of America purchased a new stake in Alphabet in the third quarter valued at about $66,000. Finally, Mendota Financial Group LLC boosted its holdings in Alphabet by 19.0% in the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after acquiring an additional 64 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GOOGL has been the topic of several recent analyst reports. Loop Capital upped their price objective on shares of Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Truist Financial boosted their price objective on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. KeyCorp raised their target price on Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Finally, Bank of America reissued a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. Nine analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $209.82.

Alphabet Stock Performance

NASDAQ GOOGL opened at $200.87 on Friday. The stock’s fifty day moving average is $187.53 and its two-hundred day moving average is $173.84. The firm has a market capitalization of $2.46 trillion, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $202.29.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter in the prior year, the firm posted $1.55 earnings per share. On average, research analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current year.

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the sale, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at $4,085,531.55. This trade represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,630 shares of company stock worth $22,258,133. Insiders own 11.55% of the company’s stock.

Alphabet 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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.