Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Atwater Malick LLC

Atwater Malick LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 87,434 shares of the information services provider’s stock after purchasing an additional 651 shares during the period. Alphabet comprises approximately 4.7% of Atwater Malick LLC’s portfolio, making the stock its 5th largest holding. Atwater Malick LLC’s holdings in Alphabet were worth $14,501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wynn Capital LLC raised its stake in shares of Alphabet by 3.9% during the first quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider’s stock valued at $267,000 after acquiring an additional 67 shares during the last quarter. PFW Advisors LLC increased its holdings in Alphabet by 8.0% in the first quarter. PFW Advisors LLC now owns 7,096 shares of the information services provider’s stock valued at $1,071,000 after purchasing an additional 524 shares during the period. Midwest Financial Group LLC bought a new position in Alphabet during the 1st quarter worth $595,000. Eldred Rock Partners LLC lifted its holdings in Alphabet by 1.0% during the 1st quarter. Eldred Rock Partners LLC now owns 80,024 shares of the information services provider’s stock worth $12,078,000 after buying an additional 801 shares during the period. Finally, Cardano Risk Management B.V. grew its position in shares of Alphabet by 6.7% in the 1st quarter. Cardano Risk Management B.V. now owns 1,201,341 shares of the information services provider’s stock valued at $181,318,000 after buying an additional 75,131 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28. Following the sale, the chief accounting officer now directly owns 29,183 shares in the company, valued at approximately $4,927,257.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28. Following the sale, the chief accounting officer now directly owns 29,183 shares in the company, valued at $4,927,257.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 21,467 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the completion of the transaction, the insider now directly owns 39,334 shares in the company, valued at $6,307,206.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 220,426 shares of company stock valued at $35,993,340 over the last three months. Corporate insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on GOOGL. TD Securities upped their target price on Alphabet from $200.00 to $220.00 in a report on Wednesday, July 10th. The Goldman Sachs Group reduced their price objective on shares of Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Loop Capital reiterated a “hold” rating and set a $170.00 price objective on shares of Alphabet in a research report on Wednesday, July 3rd. Wolfe Research initiated coverage on shares of Alphabet in a report on Tuesday, July 16th. They issued an “outperform” rating and a $240.00 target price on the stock. Finally, Scotiabank upgraded Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Eight research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $201.76.

Alphabet Stock Performance

NASDAQ GOOGL opened at $163.42 on Monday. The company has a fifty day moving average price of $161.77 and a 200-day moving average price of $168.25. The firm has a market cap of $2.02 trillion, a price-to-earnings ratio of 25.06, a PEG ratio of 1.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. Alphabet Inc. has a 1 year low of $120.21 and a 1 year high of $191.75.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. During the same period in the prior year, the firm posted $1.44 EPS. As a group, equities research analysts predict that Alphabet Inc. will post 7.64 EPS for the current fiscal year.

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.