Bill Few Associates Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,860 shares of the information services provider’s stock after buying an additional 850 shares during the quarter. Alphabet accounts for approximately 2.1% of Bill Few Associates Inc.’s portfolio, making the stock its 14th largest holding. Bill Few Associates Inc.’s holdings in Alphabet were worth $3,833,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Alphabet by 1,885.5% in the third quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock worth $40,593,957,000 after purchasing an additional 400,930,216 shares during the last quarter. BlackRock Inc. grew its stake in shares of Alphabet by 1,857.3% in the third quarter. BlackRock Inc. now owns 364,589,580 shares of the information services provider’s stock worth $35,055,286,000 after purchasing an additional 345,962,033 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Alphabet by 1,770.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock worth $19,639,414,000 after purchasing an additional 192,607,045 shares during the last quarter. State Street Corp grew its stake in shares of Alphabet by 1,851.7% in the third quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock worth $18,931,733,000 after purchasing an additional 186,809,281 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its holdings in Alphabet by 61,587.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock worth $11,539,004,000 after buying an additional 129,835,437 shares during the period. 27.17% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of Alphabet stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total value of $68,483.87. Following the completion of the sale, the chief accounting officer now owns 25,937 shares of the company’s stock, valued at approximately $2,788,486.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of Alphabet stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total value of $68,483.87. Following the completion of the sale, the chief accounting officer now owns 25,937 shares of the company’s stock, valued at approximately $2,788,486.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 32,379 shares of Alphabet stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the completion of the sale, the senior vice president now directly owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The disclosure for this sale can be found here. Insiders sold a total of 848,978 shares of company stock worth $27,492,109 in the last three months. Insiders own 12.99% of the company’s stock.
Alphabet Price Performance
Alphabet (NASDAQ:GOOG – Free Report) last announced its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The company had revenue of $69.79 billion during the quarter, compared to analyst estimates of $68.80 billion. During the same period in the previous year, the business earned $1.23 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, research analysts expect that Alphabet Inc. will post 5.39 EPS for the current fiscal year.
Analysts Set New Price Targets
GOOG has been the subject of several research analyst reports. Raymond James raised their price objective on shares of Alphabet from $119.00 to $130.00 in a report on Wednesday, April 26th. Robert W. Baird raised their price objective on shares of Alphabet from $120.00 to $123.00 in a report on Wednesday, April 26th. UBS Group raised their price objective on shares of Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. Oppenheimer lowered their price objective on shares of Alphabet from $155.00 to $135.00 in a report on Monday, April 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.80.
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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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