Van Strum & Towne Inc. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,765 shares of the information services provider’s stock after acquiring an additional 530 shares during the period. Alphabet accounts for approximately 2.7% of Van Strum & Towne Inc.’s investment portfolio, making the stock its 10th biggest position. Van Strum & Towne Inc.’s holdings in Alphabet were worth $6,303,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of GOOGL. Vanguard Group Inc. grew its stake in Alphabet by 1,919.4% during the 3rd quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock valued at $45,628,484,000 after acquiring an additional 453,413,389 shares in the last quarter. State Street Corp boosted its holdings in 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 purchasing an additional 206,300,042 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings 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 purchasing an additional 170,267,122 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Alphabet by 1,759.2% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock valued at $11,106,502,000 after purchasing an additional 109,870,525 shares during the last quarter. Finally, Norges Bank acquired a new position in Alphabet in the 4th quarter valued at about $8,335,063,000. Hedge funds and other institutional investors own 35.08% of the company’s stock.
Insider Activity at Alphabet
In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 15,672 shares of Alphabet stock in a transaction on Friday, June 9th. The shares were sold at an average price of $14.48, for a total value of $226,930.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet 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 transaction, the senior vice president now directly owns 127,028 shares in the company, valued at $15,282,738.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 15,672 shares of Alphabet stock in a transaction on Friday, June 9th. The shares were sold at an average price of $14.48, for a total transaction of $226,930.56. The disclosure for this sale can be found here. Insiders sold a total of 163,353 shares of company stock valued at $8,576,028 over the last ninety days. Insiders own 0.88% of the company’s stock.
Alphabet Price Performance
Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.12. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. The firm had revenue of $74.60 billion during the quarter, compared to analysts’ expectations of $60.24 billion. During the same period in the previous year, the company earned $1.21 earnings per share. Equities analysts expect that Alphabet Inc. will post 5.68 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. Wolfe Research boosted their target price on shares of Alphabet from $130.00 to $140.00 in a report on Monday, July 10th. 51job restated a “downgrade” rating on shares of Alphabet in a report on Tuesday, June 27th. Loop Capital lifted their target price on shares of Alphabet from $125.00 to $140.00 and gave the company a “hold” rating in a report on Friday, August 18th. Rosenblatt Securities lifted their target price on shares of Alphabet from $132.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Finally, Mizuho lifted their target price on shares of Alphabet from $135.00 to $155.00 in a report on Wednesday, July 26th. Four equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.08.
View Our Latest Stock Report on GOOGL
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.
Read More
- Five stocks we like better than Alphabet
- How to Find Cloud Software Company Stocks to Trade and Invest
- Why Ambarella’s 20% Decline is a Strong Signal for New Investment
- 3 Small Caps With Big Return Potential
- Why Analysts Love These 2 Car Sales Platforms, And Avoid Dealers
- Investing in Construction Stocks
- A Significant Reversal is in Sight for These 5 Med Tech Companies
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
