Alphabet Inc. (NASDAQ:GOOGL) is V Square Quantitative Management LLC’s 3rd Largest Position

V Square Quantitative Management LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 7.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 104,370 shares of the information services provider’s stock after purchasing an additional 7,172 shares during the period. Alphabet accounts for approximately 2.5% of V Square Quantitative Management LLC’s investment portfolio, making the stock its 3rd largest holding. V Square Quantitative Management LLC’s holdings in Alphabet were worth $17,310,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc grew its holdings in shares of Alphabet by 75.0% during the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after buying an additional 60 shares in the last quarter. Tributary Capital Management LLC purchased a new stake in shares of Alphabet during the first quarter worth about $30,000. Kings Path Partners LLC purchased a new stake in shares of Alphabet during the second quarter worth about $36,000. Denver PWM LLC purchased a new stake in shares of Alphabet during the second quarter worth about $41,000. Finally, CarsonAllaria Wealth Management Ltd. grew its holdings in shares of Alphabet by 59.2% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock worth $44,000 after buying an additional 109 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares of the company’s stock, valued at $50,765,346. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the completion of the sale, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 34,257 shares of the company’s 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 completion of the sale, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at $50,765,346. The trade was a 0.00 % decrease in their ownership of the stock. 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 company insiders.

Alphabet Stock Performance

GOOGL stock opened at $165.27 on Monday. The company has a market capitalization of $2.03 trillion, a P/E ratio of 23.71, a PEG ratio of 1.27 and a beta of 1.04. The company has a 50-day simple moving average of $161.95 and a 200 day simple moving average of $168.60. Alphabet Inc. has a fifty-two week low of $120.21 and a fifty-two week high of $191.75. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $190.00 price target on shares of Alphabet in a report on Monday, October 7th. Bank of America lifted their price target on shares of Alphabet from $200.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. DA Davidson started coverage on shares of Alphabet in a report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price target for the company. UBS Group raised their target price on shares of Alphabet from $200.00 to $204.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group decreased their target price on shares of Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Seven analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $201.76.

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.