Arlington Partners LLC Raises Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Arlington Partners LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 17.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,267 shares of the information services provider’s stock after acquiring an additional 3,367 shares during the period. Arlington Partners LLC’s holdings in Alphabet were worth $3,693,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Trilogy Capital Inc. raised its holdings in shares of Alphabet by 17.3% in the 3rd quarter. Trilogy Capital Inc. now owns 16,283 shares of the information services provider’s stock valued at $2,701,000 after acquiring an additional 2,397 shares in the last quarter. Koss Olinger Consulting LLC boosted its holdings in Alphabet by 5.6% during the 3rd quarter. Koss Olinger Consulting LLC now owns 4,716 shares of the information services provider’s stock valued at $782,000 after acquiring an additional 250 shares during the period. Gilliland Jeter Wealth Management LLC increased its stake in shares of Alphabet by 0.6% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 11,842 shares of the information services provider’s stock worth $1,964,000 after buying an additional 69 shares during the period. Violich Capital Management Inc. boosted its holdings in shares of Alphabet by 1.3% during the third quarter. Violich Capital Management Inc. now owns 333,115 shares of the information services provider’s stock worth $55,247,000 after purchasing an additional 4,175 shares during the period. Finally, Brown Lisle Cummings Inc. lifted its holdings in Alphabet by 2.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 48,480 shares of the information services provider’s stock worth $8,040,000 after buying an additional 965 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 2,835 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total value of $429,587.55. Following the sale, the chief accounting officer now owns 29,182 shares in the company, valued at $4,421,948.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total value of $3,741,750.00. Following the completion of the transaction, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at approximately $350,361,837.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,835 shares of Alphabet stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the sale, the chief accounting officer now directly owns 29,182 shares in the company, valued at $4,421,948.46. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 220,426 shares of company stock worth $35,993,340 in the last 90 days. Insiders own 11.55% of the company’s stock.

Alphabet Stock Up 2.8 %

Alphabet stock opened at $174.46 on Thursday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.16 trillion, a P/E ratio of 26.76, a P/E/G ratio of 1.27 and a beta of 1.04. Alphabet Inc. has a twelve month low of $122.68 and a twelve month high of $191.75. The business has a fifty day moving average of $162.17 and a two-hundred day moving average of $168.78.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results 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. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period last year, the business posted $1.55 earnings per share. On average, analysts forecast that Alphabet Inc. will post 7.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GOOGL has been the subject of a number of research reports. Wedbush reissued an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a research note on Thursday, October 24th. DA Davidson assumed coverage on Alphabet in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 price objective on the stock. 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 report on Wednesday. Sanford C. Bernstein raised their price objective on shares of Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, Citigroup upped their price target on Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $205.51.

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