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

Nisa Investment Advisors LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 14.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,028,235 shares of the information services provider’s stock after acquiring an additional 252,951 shares during the quarter. Alphabet accounts for about 1.5% of Nisa Investment Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Nisa Investment Advisors LLC’s holdings in Alphabet were worth $383,945,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Conrad Siegel Investment Advisors Inc. increased its position in shares of Alphabet by 0.5% during the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider’s stock valued at $1,864,000 after purchasing an additional 53 shares during the period. Denver PWM LLC increased its position in shares of Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 57 shares during the period. Ignite Planners LLC increased its position in shares of Alphabet by 0.4% during the fourth quarter. Ignite Planners LLC now owns 15,078 shares of the information services provider’s stock valued at $2,892,000 after purchasing an additional 57 shares during the period. Fermata Advisors LLC increased its position in shares of Alphabet by 0.8% during the fourth quarter. Fermata Advisors LLC now owns 7,433 shares of the information services provider’s stock valued at $1,407,000 after purchasing an additional 57 shares during the period. Finally, Winch Advisory Services LLC increased its position in shares of Alphabet by 1.3% during the fourth quarter. Winch Advisory Services LLC now owns 4,386 shares of the information services provider’s stock valued at $830,000 after purchasing an additional 58 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $171.42, for a total value of $234,331.14. Following the completion of the sale, the chief accounting officer now directly owns 26,349 shares in the company, valued at $4,516,745.58. This represents a 4.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frances Arnold sold 441 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the sale, the director now owns 16,490 shares of the company’s stock, valued at $2,820,779.40. This trade represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 133,387 shares of company stock worth $24,368,654 over the last ninety days. 11.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. The Goldman Sachs Group restated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research report on Thursday, December 12th. Wedbush boosted their price objective on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Wolfe Research boosted their price objective on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Pivotal Research boosted their price target on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Bank of America reaffirmed a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research note on Monday, December 23rd. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $209.44.

Alphabet Trading Up 1.1 %

NASDAQ GOOGL opened at $200.21 on Monday. The stock has a 50-day simple moving average of $186.46 and a 200 day simple moving average of $173.69. The company has a market capitalization of $2.45 trillion, a PE ratio of 26.55, a P/E/G ratio of 1.27 and a beta of 0.98. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $202.29.

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 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. Research analysts forecast that Alphabet Inc. will post 8.02 EPS for the current year.

About Alphabet

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.