Hendershot Investments Inc. increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 5.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,598 shares of the information services provider’s stock after buying an additional 427 shares during the period. Alphabet comprises 3.7% of Hendershot Investments Inc.’s portfolio, making the stock its 5th largest holding. Hendershot Investments Inc.’s holdings in Alphabet were worth $23,914,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Morling Financial Advisors LLC acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $29,000. West Bancorporation Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $29,000. Wealthgate Family Office LLC acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $32,000. NS Partners Ltd acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $41,000. Finally, AHL Investment Management Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 41.70% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $121.68 on Friday. Alphabet Inc. has a twelve month low of $101.88 and a twelve month high of $151.55. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $155.57 and a 200-day moving average of $137.57. The firm has a market cap of $1.60 trillion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 1.93 and a beta of 1.08.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.11). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same quarter in the prior year, the business posted $27.26 EPS. Analysts forecast that Alphabet Inc. will post 5.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GOOGL. Evercore ISI cut their price objective on shares of Alphabet from $155.50 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Stifel Nicolaus set a $155.00 price target on shares of Alphabet in a research report on Monday, July 18th. Susquehanna dropped their price target on shares of Alphabet from $187.50 to $150.00 and set a “positive” rating for the company in a research report on Wednesday, July 27th. Truist Financial dropped their price target on shares of Alphabet from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Finally, StockNews.com lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. Five research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.36.

Insiders Place Their Bets

In other news, major shareholder 2021 Gp L.L.C. Gv bought 13,528 shares of the firm’s stock in a transaction on Tuesday, May 24th. The stock was bought at an average cost of $33.72 per share, for a total transaction of $456,164.16. Following the completion of the acquisition, the insider now directly owns 593,402 shares in the company, valued at approximately $20,009,515.44. The purchase was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Ann Mather sold 21 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $2,102.84, for a total transaction of $44,159.64. Following the completion of the sale, the director now directly owns 565 shares in the company, valued at $1,188,104.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv purchased 13,528 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The shares were bought at an average price of $33.72 per share, with a total value of $456,164.16. Following the completion of the acquisition, the insider now owns 593,402 shares of the company’s stock, valued at approximately $20,009,515.44. The disclosure for this purchase can be found here. Insiders sold a total of 42,852 shares of company stock worth $15,750,955 over the last ninety days. 11.44% of the stock is currently owned by company insiders.

About Alphabet

(Get Rating)

Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Read More

Cap Expand Partners SECFilingChart Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Increased by Hendershot Investments Inc. Family Offices AND investments



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.


Cap Expand Partners sharing news from: www.defenseworld.net

Share: