6,832 Shares in Alphabet Inc. (NASDAQ:GOOGL) Bought by DRH Investments Inc.

DRH Investments Inc. bought a new position in Alphabet Inc. (NASDAQ:GOOGLGet Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,832 shares of the information services provider’s stock, valued at approximately $19,002,000. Alphabet accounts for 13.1% of DRH Investments Inc.’s investment portfolio, making the stock its 5th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dravo Bay LLC acquired a new position in Alphabet during the first quarter worth $28,000. Wealthgate Family Office LLC acquired a new position in shares of Alphabet during the 4th quarter worth about $32,000. Verity Asset Management Inc. increased its position in shares of Alphabet by 536,206.4% in the first quarter. Verity Asset Management Inc. now owns 589,937 shares of the information services provider’s stock valued at $39,000 after acquiring an additional 589,827 shares during the last quarter. Greenspring Advisors LLC raised its holdings in Alphabet by 76.6% during the first quarter. Greenspring Advisors LLC now owns 491 shares of the information services provider’s stock worth $49,000 after acquiring an additional 213 shares in the last quarter. Finally, Cordant Inc. acquired a new position in Alphabet during the first quarter valued at approximately $56,000. Institutional investors and hedge funds own 1.88% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the topic of a number of analyst reports. Itau BBA Securities started coverage on Alphabet in a research note on Tuesday, July 26th. They set a “market perform” rating and a $113.00 price objective on the stock. Mizuho decreased their price objective on shares of Alphabet from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, July 22nd. KeyCorp dropped their target price on shares of Alphabet from $153.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, July 26th. Credit Suisse Group reduced their price target on Alphabet from $143.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Finally, Truist Financial cut their price objective on Alphabet from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Five investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.41.

Alphabet Trading Up 2.1 %

NASDAQ GOOGL opened at $110.65 on Friday. The company has a market cap of $1.44 trillion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 1.79 and a beta of 1.09. Alphabet Inc. has a twelve month low of $101.88 and a twelve month high of $151.55. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. The business’s fifty day moving average is $113.69 and its 200 day moving average is $119.73.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. The firm had revenue of $57.47 billion for the quarter, compared to analyst estimates of $57.55 billion. During the same period in the previous year, the business posted $27.26 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 5.21 EPS for the current fiscal year.

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 34,799 shares of Alphabet stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $118.25, for a total transaction of $4,114,981.75. Following the transaction, the insider now directly owns 18,484 shares of the company’s stock, valued at approximately $2,185,733. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Prabhakar Raghavan sold 1,109 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $2,166.74, for a total value of $2,402,914.66. Following the transaction, the senior vice president now owns 1,608 shares in the company, valued at $3,484,117.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider John Kent Walker sold 34,799 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $118.25, for a total value of $4,114,981.75. Following the sale, the insider now owns 18,484 shares of the company’s stock, valued at $2,185,733. The disclosure for this sale can be found here. Insiders sold 43,036 shares of company stock worth $15,564,998 over the last three months. Company insiders own 11.44% of the company’s stock.

Alphabet Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, 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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