Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,501,685 shares of the information services provider’s stock after buying an additional 23,454 shares during the quarter. Alphabet accounts for 0.9% of Federated Hermes Inc.’s holdings, making the stock its 19th largest holding. Federated Hermes Inc.’s holdings in Alphabet were worth $349,460,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GOOGL. Meritage Group LP grew its stake in shares of Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after buying an additional 276 shares in the last quarter. Macroview Investment Management LLC boosted its holdings in Alphabet by 165.8% in the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 199 shares during the period. Armor Investment Advisors LLC boosted its holdings in Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 80 shares during the period. Valued Wealth Advisors LLC purchased a new position in Alphabet in the fourth quarter valued at $55,000. Finally, LFA Lugano Financial Advisors SA boosted its holdings in Alphabet by 301.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock valued at $73,000 after purchasing an additional 392 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the transaction, the director now owns 7,991 shares in the company, valued at approximately $1,275,043.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now owns 15,104 shares in the company, valued at approximately $2,326,922.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the sale, the director now owns 7,991 shares in the company, valued at approximately $1,275,043.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 251,339 shares of company stock worth $36,377,482. Company insiders own 0.88% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $156.00 on Friday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $147.22 and its two-hundred day moving average is $141.16. Alphabet Inc. has a 12-month low of $102.63 and a 12-month high of $160.22. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.46 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. Research analysts expect that Alphabet Inc. will post 6.78 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on GOOGL shares. UBS Group lifted their target price on Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $155.00 target price on shares of Alphabet in a report on Wednesday, January 31st. Wedbush reiterated an “outperform” rating and issued a $175.00 target price on shares of Alphabet in a report on Wednesday, April 10th. Rosenblatt Securities decreased their target price on Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Finally, Redburn Atlantic lifted their price target on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $158.71.

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.