Iowa State Bank raised its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,152 shares of the information services provider’s stock after purchasing an additional 3,459 shares during the quarter. Alphabet accounts for approximately 1.2% of Iowa State Bank’s portfolio, making the stock its 28th largest position. Iowa State Bank’s holdings in Alphabet were worth $4,602,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DC Investments Management LLC purchased a new stake in Alphabet in the first quarter valued at approximately $114,000. Bridgefront Capital LLC purchased a new stake in shares of Alphabet during the first quarter worth $225,000. Worth Asset Management LLC purchased a new stake in shares of Alphabet during the first quarter worth $206,000. Eudaimonia Advisors LLC increased its position in shares of Alphabet by 15.1% during the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after acquiring an additional 13 shares during the period. Finally, Aspire Capital Advisors LLC purchased a new stake in shares of Alphabet during the first quarter worth $281,000. Hedge funds and other institutional investors own 34.06% of the company’s stock.
Insider Buying and Selling
In related news, Director Kavitark Ram Shriram sold 37,500 shares of the stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the completion of the transaction, the director now directly owns 144,740 shares of the company’s stock, valued at $14,474,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Kavitark Ram Shriram sold 37,500 shares of the stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the completion of the transaction, the director now directly owns 144,740 shares of the company’s stock, valued at $14,474,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 380 shares of the stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total transaction of $33,911.20. Following the completion of the transaction, the director now directly owns 11,300 shares of the company’s stock, valued at $1,008,412. The disclosure for this sale can be found here. Insiders sold 74,245 shares of company stock valued at $7,174,078 over the last ninety days. Corporate insiders own 11.44% of the company’s stock.
Analysts Set New Price Targets
Alphabet Price Performance
Shares of GOOGL opened at $101.62 on Friday. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $143.79. The company has a market capitalization of $1.30 trillion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 1.33 and a beta of 1.09. The firm has a 50-day simple moving average of $95.08 and a 200-day simple moving average of $96.18. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38.
Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.09). The firm had revenue of $76.05 billion for the quarter, compared to analysts’ expectations of $63.15 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. During the same period in the prior year, the company earned $1.53 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 5.12 earnings per share for the current year.
Alphabet Profile
Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
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