O Dell Group LLC Buys 1,500 Shares of Alphabet Inc. (NASDAQ:GOOGL)

O Dell Group LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 28.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,842 shares of the information services provider’s stock after buying an additional 1,500 shares during the quarter. O Dell Group LLC’s holdings in Alphabet were worth $895,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Live Oak Investment Partners bought a new stake in shares of Alphabet in the fourth quarter worth $26,000. VitalStone Financial LLC grew its stake in shares of Alphabet by 1,900.0% in the second quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock worth $34,000 after purchasing an additional 266 shares during the last quarter. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Alphabet in the fourth quarter worth $34,000. Turim 21 Investimentos Ltda. bought a new stake in shares of Alphabet in the third quarter worth $38,000. Finally, Macroview Investment Management LLC grew its stake in shares of Alphabet by 165.8% in the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after purchasing an additional 199 shares during the last quarter. Institutional investors own 35.08% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $155.00 price target on shares of Alphabet in a research report on Wednesday, January 31st. Mizuho upped their price target on shares of Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. JMP Securities upped their price target on shares of Alphabet from $150.00 to $160.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 31st. Redburn Atlantic upped their price target on shares of Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Finally, Citigroup upped their price target on shares of Alphabet from $153.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $153.65.

View Our Latest Stock Report on Alphabet

Insider Activity

In other news, Director Frances Arnold sold 230 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Frances Arnold sold 230 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 48,076 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $142.20, for a total transaction of $6,836,407.20. Following the transaction, the insider now directly owns 12,725 shares of the company’s stock, valued at $1,809,495. The disclosure for this sale can be found here. Insiders sold 207,800 shares of company stock valued at $29,529,164 in the last three months. Company insiders own 0.88% of the company’s stock.

Alphabet Trading Down 1.0 %

Shares of GOOGL stock opened at $137.14 on Friday. Alphabet Inc. has a 52-week low of $89.42 and a 52-week high of $153.78. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The company has a 50-day simple moving average of $142.81 and a two-hundred day simple moving average of $136.85. The company has a market capitalization of $1.72 trillion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.28 and a beta of 1.06.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same period in the prior year, the firm posted $1.05 EPS. Research analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Alphabet Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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