Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Arlington Partners LLC

Arlington Partners LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 17.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,267 shares of the information services provider’s stock after purchasing an additional 3,367 shares during the quarter. Arlington Partners LLC’s holdings in Alphabet were worth $3,693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Trilogy Capital Inc. increased its holdings in Alphabet by 17.3% in the 3rd quarter. Trilogy Capital Inc. now owns 16,283 shares of the information services provider’s stock valued at $2,701,000 after purchasing an additional 2,397 shares during the last quarter. Koss Olinger Consulting LLC lifted its position in shares of Alphabet by 5.6% during the 3rd quarter. Koss Olinger Consulting LLC now owns 4,716 shares of the information services provider’s stock worth $782,000 after purchasing an additional 250 shares during the last quarter. Gilliland Jeter Wealth Management LLC increased its holdings in shares of Alphabet by 0.6% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 11,842 shares of the information services provider’s stock valued at $1,964,000 after acquiring an additional 69 shares during the last quarter. Violich Capital Management Inc. boosted its holdings in shares of Alphabet by 1.3% in the 3rd quarter. Violich Capital Management Inc. now owns 333,115 shares of the information services provider’s stock valued at $55,247,000 after buying an additional 4,175 shares in the last quarter. Finally, Brown Lisle Cummings Inc. increased its position in shares of Alphabet by 2.0% during the third quarter. Brown Lisle Cummings Inc. now owns 48,480 shares of the information services provider’s stock worth $8,040,000 after purchasing an additional 965 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 31,334 shares in the company, valued at $5,264,112. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total value of $3,741,750.00. Following the transaction, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at approximately $350,361,837.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. 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 in the last three months. 11.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $190.00 price objective on shares of Alphabet in a research report on Wednesday. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $181.00 price target on shares of Alphabet in a research note on Wednesday, July 24th. Bank of America upped their price objective on Alphabet from $206.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley lifted their target price on shares of Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $205.51.

Alphabet Stock Up 2.8 %

NASDAQ:GOOGL opened at $174.46 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. Alphabet Inc. has a one year low of $122.68 and a one year high of $191.75. The stock has a 50-day simple moving average of $162.17 and a 200 day simple moving average of $168.78.

Alphabet (NASDAQ:GOOGL) last released 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 business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same quarter in the previous year, the firm posted $1.55 EPS. Sell-side analysts predict that Alphabet Inc. will post 7.65 EPS for the current fiscal year.

Alphabet Company 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.