Banque Cantonale Vaudoise increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 19.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,914 shares of the information services provider’s stock after purchasing an additional 19,882 shares during the period. Alphabet makes up 0.6% of Banque Cantonale Vaudoise’s holdings, making the stock its 24th biggest position. Banque Cantonale Vaudoise’s holdings in Alphabet were worth $12,783,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOG. Vanguard Group Inc. grew its position in Alphabet by 1,885.5% during the third quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock valued at $40,593,957,000 after buying an additional 400,930,216 shares during the period. Price T Rowe Associates Inc. MD grew its position in Alphabet by 1,770.6% during the third quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock valued at $19,639,414,000 after buying an additional 192,607,045 shares during the period. State Street Corp grew its position 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 valued at $18,931,733,000 after purchasing an additional 186,809,281 shares during the period. Moneta Group Investment Advisors LLC grew its position in shares of 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 valued at $11,539,004,000 after purchasing an additional 129,835,437 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of Alphabet by 1,862.3% in the third quarter. Alliancebernstein L.P. now owns 63,184,850 shares of the information services provider’s stock valued at $6,075,223,000 after purchasing an additional 59,964,963 shares during the period. Institutional investors and hedge funds own 27.17% of the company’s stock.
Insider Buying and Selling at Alphabet
In other news, SVP Prabhakar Raghavan sold 16,083 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $120.31, for a total value of $1,934,945.73. Following the completion of the sale, the senior vice president now directly owns 127,028 shares of the company’s stock, valued at approximately $15,282,738.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Prabhakar Raghavan sold 16,083 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $120.31, for a total value of $1,934,945.73. Following the completion of the sale, the senior vice president now owns 127,028 shares in the company, valued at approximately $15,282,738.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total transaction of $68,483.87. Following the transaction, the chief accounting officer now directly owns 25,937 shares in the company, valued at $2,788,486.87. The disclosure for this sale can be found here. Insiders sold 832,682 shares of company stock worth $26,077,123 over the last 90 days. Corporate insiders own 12.99% of the company’s stock.
Alphabet Trading Up 1.7 %
Alphabet (NASDAQ:GOOG – Free Report) 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 the consensus estimate of $1.06 by $0.11. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The business had revenue of $69.79 billion during the quarter, compared to analysts’ expectations of $68.80 billion. During the same period in the prior year, the firm posted $1.23 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts predict that Alphabet Inc. will post 5.39 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
GOOG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Alphabet from $120.00 to $125.00 in a research report on Wednesday, April 26th. Raymond James boosted their price target on shares of Alphabet from $119.00 to $130.00 in a research report on Wednesday, April 26th. UBS Group boosted their price target on shares of Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. Oppenheimer lowered their price target on shares of Alphabet from $155.00 to $135.00 in a research report on Monday, April 24th. Finally, Robert W. Baird lifted their target price on shares of Alphabet from $120.00 to $123.00 in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.80.
Alphabet 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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