Bridge Creek Capital Management LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 7.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,460 shares of the information services provider’s stock after purchasing an additional 400 shares during the quarter. Bridge Creek Capital Management LLC’s holdings in Alphabet were worth $566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Alphabet by 1,919.4% during the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after acquiring an additional 453,413,389 shares in the last quarter. State Street Corp grew its stake in shares of Alphabet by 1,900.6% in the 3rd quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock valued at $20,770,809,000 after buying an additional 206,300,042 shares during the period. Moneta Group Investment Advisors LLC increased its position 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 in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Alphabet by 1,759.2% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after buying an additional 109,870,525 shares during the period. Finally, Norges Bank bought a new position in Alphabet in the fourth quarter worth approximately $8,335,063,000. Institutional investors own 35.38% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on GOOGL shares. Stifel Nicolaus started coverage on Alphabet in a report on Monday, March 20th. They set a “buy” rating and a $130.00 price objective for the company. StockNews.com started coverage on shares of Alphabet in a research note on Thursday, May 18th. They issued a “buy” rating on the stock. Citigroup boosted their target price on shares of Alphabet from $120.00 to $130.00 in a research report on Wednesday, April 26th. Wells Fargo & Company assumed coverage on shares of Alphabet in a research report on Wednesday, June 7th. They issued an “equal weight” rating and a $117.00 price target on the stock. Finally, Robert W. Baird lifted their price target on Alphabet from $120.00 to $123.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Five analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.67.
Alphabet Stock Down 0.7 %
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, beating analysts’ consensus estimates of $1.06 by $0.11. The company had revenue of $69.79 billion for the quarter, compared to analyst estimates of $57.19 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. During the same period in the previous year, the company posted $1.23 EPS. On average, analysts predict that Alphabet Inc. will post 5.41 earnings per share for the current year.
Insider Activity
In related news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the completion of the transaction, the insider now owns 11,421,476 shares of the company’s stock, valued at $161,385,455.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of Alphabet stock in a transaction on Monday, May 8th. The stock was sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the completion of the sale, the insider now owns 11,421,476 shares of the company’s stock, valued at $161,385,455.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $125.65, for a total value of $25,130.00. Following the transaction, the director now owns 5,740 shares of the company’s stock, valued at $721,231. The disclosure for this sale can be found here. Insiders have sold a total of 854,930 shares of company stock worth $29,996,488 over the last ninety days. Company insiders own 0.88% of the company’s stock.
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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