Bellecapital International Ltd. Buys 3,169 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Bellecapital International Ltd. grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,435 shares of the information services provider’s stock after buying an additional 3,169 shares during the quarter. Alphabet accounts for approximately 3.9% of Bellecapital International Ltd.’s holdings, making the stock its 6th biggest holding. Bellecapital International Ltd.’s holdings in Alphabet were worth $19,477,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GOOGL. Wealth Advisory Solutions LLC grew its stake in Alphabet by 3.3% in the 3rd quarter. Wealth Advisory Solutions LLC now owns 7,459 shares of the information services provider’s stock worth $1,237,000 after acquiring an additional 239 shares during the period. Arlington Partners LLC lifted its holdings in shares of Alphabet by 17.8% during the 3rd quarter. Arlington Partners LLC now owns 22,267 shares of the information services provider’s stock valued at $3,693,000 after acquiring an additional 3,367 shares in the last quarter. Trilogy Capital Inc. grew its stake in shares of Alphabet by 17.3% in the third quarter. Trilogy Capital Inc. now owns 16,283 shares of the information services provider’s stock valued at $2,701,000 after buying an additional 2,397 shares in the last quarter. Koss Olinger Consulting LLC lifted its position in shares of Alphabet by 5.6% during the third quarter. Koss Olinger Consulting LLC now owns 4,716 shares of the information services provider’s stock worth $782,000 after purchasing an additional 250 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC increased its position in shares of Alphabet by 0.6% during 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 acquiring an additional 69 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

GOOGL opened at $174.46 on Thursday. The stock’s 50 day moving average price is $162.17 and its two-hundred day moving average price is $168.78. The firm has a market capitalization of $2.16 trillion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $122.68 and a 12-month high of $191.75.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (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 analysts’ expectations of $72.85 billion. During the same period in the previous year, the business posted $1.55 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post 7.65 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total transaction of $230,804.28. Following the completion of the sale, the chief accounting officer now owns 29,183 shares of the company’s stock, valued at approximately $4,927,257.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 29,183 shares of the company’s stock, valued at approximately $4,927,257.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total value of $3,652,875.00. Following the completion of the sale, the chief executive officer now directly owns 2,182,385 shares of the company’s stock, valued at $354,310,204.75. This trade represents a 0.00 % decrease in their ownership of the stock. 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. 11.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GOOGL shares. Pivotal Research boosted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday. JMP Securities raised their target price on Alphabet from $200.00 to $220.00 and gave the company a “market outperform” rating in a research report on Wednesday. Truist Financial raised their price objective on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday. Roth Mkm increased their target price on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $190.00 price objective on shares of Alphabet in a research note on Wednesday. Seven investment 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 stock. Based on data from MarketBeat, the company presently 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.