Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Anderson Hoagland & Co.

Anderson Hoagland & Co. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 21.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,065 shares of the information services provider’s stock after acquiring an additional 5,421 shares during the period. Anderson Hoagland & Co.’s holdings in Alphabet were worth $4,426,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Alphabet by 0.3% during the third quarter. Vanguard Group Inc. now owns 487,435,495 shares of the information services provider’s stock worth $63,785,809,000 after acquiring an additional 1,302,104 shares during the last quarter. FMR LLC grew its holdings in shares of Alphabet by 5.6% during the 3rd quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after purchasing an additional 12,070,681 shares during the period. State Street Corp increased its position in shares of Alphabet by 0.8% during the 2nd quarter. State Street Corp now owns 218,540,033 shares of the information services provider’s stock worth $26,159,242,000 after purchasing an additional 1,666,205 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in Alphabet by 111,197.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock valued at $15,036,178,000 after buying an additional 170,267,122 shares during the period. Finally, Geode Capital Management LLC lifted its position in Alphabet by 2.3% in the second quarter. Geode Capital Management LLC now owns 121,308,289 shares of the information services provider’s stock valued at $14,481,781,000 after buying an additional 2,731,671 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $150.87 on Thursday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a twelve month low of $99.74 and a twelve month high of $153.78. The stock has a market capitalization of $1.88 trillion, a P/E ratio of 26.01, a PEG ratio of 1.39 and a beta of 1.04. The business’s fifty day moving average price is $143.33 and its 200 day moving average price is $138.03.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating 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 firm had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same period in the previous year, the company posted $1.05 earnings per share. As a group, research analysts anticipate that Alphabet Inc. will post 6.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $155.00 price target on shares of Alphabet in a research report on Wednesday, January 31st. KeyCorp boosted their target price on Alphabet from $153.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. StockNews.com upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Wells Fargo & Company raised their target price on Alphabet from $141.00 to $144.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Finally, Barclays reduced their price target on shares of Alphabet from $180.00 to $173.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.48.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 425 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total transaction of $59,334.25. Following the transaction, the chief accounting officer now directly owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Prabhakar Raghavan sold 16,088 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total value of $2,237,840.80. Following the completion of the sale, the senior vice president now directly owns 52,440 shares of the company’s stock, valued at $7,294,404. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 425 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total value of $59,334.25. Following the transaction, the chief accounting officer now directly owns 27,259 shares in the company, valued at approximately $3,805,628.99. The disclosure for this sale can be found here. In the last three months, insiders sold 251,378 shares of company stock valued at $35,461,377. Company insiders own 0.88% of the company’s stock.

About Alphabet

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.