ST Germain D J Co. Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2,403.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 550,033 shares of the information services provider’s stock after acquiring an additional 528,066 shares during the period. Alphabet accounts for 2.6% of ST Germain D J Co. Inc.’s holdings, making the stock its 13th largest position. ST Germain D J Co. Inc.’s holdings in Alphabet were worth $7,589,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the stock. FourThought Financial Partners LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $5,415,000. Glenview Trust Co raised its position in shares of Alphabet by 10.7% in the fourth quarter. Glenview Trust Co now owns 458,830 shares of the information services provider’s stock valued at $40,483,000 after buying an additional 44,278 shares in the last quarter. Bfsg LLC raised its position in shares of Alphabet by 160.5% in the fourth quarter. Bfsg LLC now owns 8,075 shares of the information services provider’s stock valued at $712,000 after buying an additional 4,975 shares in the last quarter. Ibex Investors LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $2,617,000. Finally, Arjuna Capital raised its position in shares of Alphabet by 2.8% in the fourth quarter. Arjuna Capital now owns 127,545 shares of the information services provider’s stock valued at $11,253,000 after buying an additional 3,427 shares in the last quarter. 34.06% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Alphabet
In related news, SVP Prabhakar Raghavan sold 32,379 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $103.46, for a total value of $3,349,931.34. Following the transaction, the senior vice president now owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Prabhakar Raghavan sold 32,379 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $103.46, for a total value of $3,349,931.34. Following the transaction, the senior vice president now owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 37,500 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $105.04, for a total transaction of $3,939,000.00. Following the completion of the transaction, the director now directly owns 107,240 shares in the company, valued at approximately $11,264,489.60. The disclosure for this sale can be found here. Insiders have sold 810,993 shares of company stock valued at $29,335,058 in the last 90 days. 0.88% of the stock is currently owned by corporate insiders.
Alphabet Price Performance
Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The company had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $57.19 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. During the same quarter in the prior year, the firm earned $1.23 EPS. Equities research analysts expect that Alphabet Inc. will post 5.41 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have commented on GOOGL shares. Wolfe Research boosted their price objective on shares of Alphabet from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Bank of America boosted their price objective on shares of Alphabet from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. JMP Securities restated a “market outperform” rating and set a $132.00 price objective on shares of Alphabet in a research report on Thursday, March 16th. Credit Suisse Group lowered their price objective on shares of Alphabet from $136.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, April 26th. Finally, Loop Capital downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Monday, May 15th. Five research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $129.67.
Alphabet Company Profile
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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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