Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by ACT Advisors LLC.

ACT Advisors LLC. boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 6.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,869 shares of the information services provider’s stock after buying an additional 107 shares during the quarter. ACT Advisors LLC.’s holdings in Alphabet were worth $310,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Burns J W & Co. Inc. NY raised its position in shares of Alphabet by 7.4% in the first quarter. Burns J W & Co. Inc. NY now owns 24,861 shares of the information services provider’s stock valued at $3,752,000 after buying an additional 1,720 shares during the last quarter. Grimes & Company Inc. grew its stake in Alphabet by 1.6% during the 1st quarter. Grimes & Company Inc. now owns 176,121 shares of the information services provider’s stock valued at $26,582,000 after acquiring an additional 2,727 shares in the last quarter. Saratoga Research & Investment Management raised its holdings in Alphabet by 19.1% in the 1st quarter. Saratoga Research & Investment Management now owns 1,001,128 shares of the information services provider’s stock valued at $151,100,000 after acquiring an additional 160,884 shares during the last quarter. First Bank & Trust lifted its stake in Alphabet by 2.5% in the 1st quarter. First Bank & Trust now owns 9,694 shares of the information services provider’s stock worth $1,463,000 after purchasing an additional 239 shares in the last quarter. Finally, Baker Ellis Asset Management LLC boosted its holdings in shares of Alphabet by 5.7% during the 1st quarter. Baker Ellis Asset Management LLC now owns 21,355 shares of the information services provider’s stock worth $3,223,000 after purchasing an additional 1,150 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28. Following the sale, the chief accounting officer now owns 29,183 shares in the company, valued at approximately $4,927,257.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total value of $230,804.28. Following the completion of the sale, the chief accounting officer now owns 29,183 shares in the company, valued at $4,927,257.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the sale, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 220,426 shares of company stock valued at $35,993,340 in the last ninety days. Insiders own 11.55% of the company’s stock.

Alphabet Stock Up 2.8 %

GOOGL stock opened at $174.46 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. Alphabet Inc. has a fifty-two week low of $122.68 and a fifty-two week high of $191.75. The firm has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 26.76, a PEG ratio of 1.27 and a beta of 1.04. The company’s 50 day moving average price is $162.17 and its 200 day moving average price is $168.78.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter in the prior year, the business posted $1.55 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 7.65 EPS for the current fiscal year.

Analyst Ratings Changes

GOOGL has been the topic of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $217.00 price objective (up previously from $215.00) on shares of Alphabet in a research report on Wednesday. Cantor Fitzgerald reiterated a “neutral” rating and set a $190.00 price target on shares of Alphabet in a report on Wednesday. Tigress Financial upped their price objective on shares of Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a report on Thursday, September 26th. KeyCorp lifted their target price on shares of Alphabet from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Sanford C. Bernstein increased their price target on shares of Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $205.51.

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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.