Relyea Zuckerberg Hanson LLC Purchases 2,770 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Relyea Zuckerberg Hanson LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 23.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,595 shares of the information services provider’s stock after purchasing an additional 2,770 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Alphabet were worth $1,288,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Willow Creek Wealth Management Inc. lifted its holdings in shares of Alphabet by 1,926.9% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 18,546 shares of the information services provider’s stock worth $1,774,000 after acquiring an additional 17,631 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Alphabet during the 3rd quarter worth $55,305,000. Griffin Asset Management Inc. lifted its holdings in shares of Alphabet by 1,900.0% during the 3rd quarter. Griffin Asset Management Inc. now owns 52,240 shares of the information services provider’s stock worth $4,997,000 after acquiring an additional 49,628 shares during the last quarter. Bridgewater Advisors Inc. lifted its holdings in shares of Alphabet by 3,005.0% during the 3rd quarter. Bridgewater Advisors Inc. now owns 67,503 shares of the information services provider’s stock worth $6,457,000 after acquiring an additional 65,329 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. raised its position in Alphabet by 1,915.2% in the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 129,797 shares of the information services provider’s stock worth $12,415,000 after purchasing an additional 123,356 shares during the period. 34.06% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of analyst reports. New Street Research initiated coverage on shares of Alphabet in a research report on Wednesday, January 4th. They issued a “buy” rating and a $118.00 target price on the stock. StockNews.com initiated coverage on shares of Alphabet in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. KeyCorp decreased their target price on shares of Alphabet from $118.00 to $117.00 and set an “overweight” rating on the stock in a research report on Monday, January 30th. Bank of America lifted their target price on shares of Alphabet from $116.00 to $119.00 and gave the stock a “buy” rating in a research report on Tuesday, January 31st. Finally, Truist Financial decreased their target price on shares of Alphabet from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. Four analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $131.83.

Insider Transactions at Alphabet

In other news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were purchased at an average price of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the purchase, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were purchased at an average price of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the purchase, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the transaction, the chief accounting officer now owns 25,122 shares in the company, valued at approximately $2,289,870.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,865 shares of company stock worth $7,140,167. Corporate insiders own 11.44% of the company’s stock.

Alphabet Trading Down 2.8 %

NASDAQ:GOOGL opened at $102.46 on Tuesday. Alphabet Inc. has a one year low of $83.34 and a one year high of $143.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34. The company’s 50-day simple moving average is $96.67 and its 200 day simple moving average is $95.90. The firm has a market capitalization of $1.31 trillion, a P/E ratio of 22.51, a PEG ratio of 1.46 and a beta of 1.09.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its 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 during the quarter, compared to the consensus estimate of $63.15 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. During the same quarter in the prior year, the company posted $1.53 EPS. As a group, analysts forecast that Alphabet Inc. will post 5.12 EPS for the current fiscal year.

Alphabet Company Profile

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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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