Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 16.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 329,588 shares of the information services provider’s stock after acquiring an additional 47,557 shares during the quarter. Alphabet accounts for approximately 3.3% of Van Hulzen Asset Management LLC’s investment portfolio, making the stock its 4th biggest holding. Van Hulzen Asset Management LLC’s holdings in Alphabet were worth $43,130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spreng Capital Management Inc. increased its position in shares of Alphabet by 4.0% during the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after purchasing an additional 5 shares during the last quarter. West Family Investments Inc. increased its position in shares of Alphabet by 0.3% during the 1st quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock valued at $4,878,000 after purchasing an additional 6 shares during the last quarter. Maple Capital Management Inc. increased its position in shares of Alphabet by 2.1% during the 1st quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock valued at $823,000 after purchasing an additional 6 shares during the last quarter. Private Advisory Group LLC increased its position in shares of Alphabet by 1.8% during the 1st quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock valued at $1,115,000 after purchasing an additional 7 shares during the last quarter. Finally, Weik Capital Management increased its position in shares of Alphabet by 0.5% during the 1st quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock valued at $4,264,000 after purchasing an additional 8 shares during the last quarter. 35.08% of the stock is owned by institutional investors.

Alphabet Trading Up 2.1 %

Shares of NASDAQ GOOGL opened at $149.00 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market capitalization of $1.86 trillion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 1.38 and a beta of 1.06. Alphabet Inc. has a 1-year low of $88.57 and a 1-year high of $153.78. The business has a fifty day moving average price of $140.72 and a 200 day moving average price of $135.76.

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 for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period in the prior year, the business posted $1.05 EPS. Equities research analysts expect that Alphabet Inc. will post 6.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on GOOGL. Redburn Atlantic boosted their target price on Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Monness Crespi & Hardt downgraded Alphabet from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 25th. Piper Sandler upped their price objective on Alphabet from $147.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, October 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $155.00 price objective on shares of Alphabet in a research report on Wednesday, January 31st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of Alphabet in a research report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.65.

View Our Latest Stock Analysis on GOOGL

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $141.43, for a total value of $3,182,175.00. Following the completion of the sale, the chief executive officer now directly owns 2,407,688 shares in the company, valued at $340,519,313.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Frances Arnold sold 230 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $141.43, for a total value of $3,182,175.00. Following the completion of the transaction, the chief executive officer now directly owns 2,407,688 shares in the company, valued at $340,519,313.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 136,974 shares of company stock worth $19,427,217. 0.88% of the stock is owned by insiders.

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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