Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Harel Insurance Investments & Financial Services Ltd.

Posted by Defense World Staff on Jul 24th, 2023

Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,089 shares of the information services provider’s stock after purchasing an additional 2,371 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Alphabet were worth $9,865,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GOOG. Totem Point Management LLC lifted its position in shares of Alphabet by 22.0% during the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock worth $8,857,000 after purchasing an additional 571 shares in the last quarter. Somerville Kurt F raised its holdings in Alphabet by 10.3% in the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after acquiring an additional 11 shares in the last quarter. BCK Partners Inc. acquired a new stake in Alphabet in the first quarter valued at $2,564,000. Hall Capital Management Co. Inc. raised its holdings in Alphabet by 53.2% in the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after acquiring an additional 50 shares in the last quarter. Finally, Fairfield Bush & CO. raised its holdings in Alphabet by 6.8% in the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after acquiring an additional 214 shares in the last quarter. 27.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $12.72, for a total value of $347,128.80. Following the completion of the transaction, the insider now owns 10,958,925 shares in the company, valued at approximately $139,397,526. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $12.72, for a total value of $347,128.80. Following the completion of the sale, the insider now directly owns 10,958,925 shares of the company’s stock, valued at approximately $139,397,526. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 31,240 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $116.82, for a total transaction of $3,649,456.80. Following the completion of the sale, the director now directly owns 5,364 shares of the company’s stock, valued at $626,622.48. The disclosure for this sale can be found here. Insiders sold 864,122 shares of company stock worth $29,751,580 in the last 90 days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Up 0.7 %

Alphabet stock opened at $120.31 on Monday. The company has a 50-day simple moving average of $122.65 and a 200-day simple moving average of $108.11. The firm has a market capitalization of $1.53 trillion, a P/E ratio of 26.80, a P/E/G ratio of 1.54 and a beta of 1.07. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. Alphabet Inc. has a one year low of $83.45 and a one year high of $129.55.

Alphabet (NASDAQ:GOOG – Get Free Report) last announced its earnings results 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 firm had revenue of $69.79 billion during the quarter, compared to analyst estimates of $68.80 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. Alphabet’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.23 EPS. As a group, equities analysts expect that Alphabet Inc. will post 5.39 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on GOOG shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. UBS Group upped their price target on shares of Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, April 6th. Robert W. Baird upped their price target on shares of Alphabet from $120.00 to $123.00 in a report on Wednesday, April 26th. Oppenheimer dropped their target price on shares of Alphabet from $155.00 to $135.00 in a report on Monday, April 24th. Finally, Raymond James increased their target price on shares of Alphabet from $119.00 to $130.00 in a report on Wednesday, April 26th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $130.70.

Alphabet Profile

(Free Report)

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.