Bourgeon Capital Management LLC Has $21.28 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Bourgeon Capital Management LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,393 shares of the information services provider’s stock after acquiring an additional 93 shares during the quarter. Alphabet accounts for about 4.0% of Bourgeon Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Bourgeon Capital Management LLC’s holdings in Alphabet were worth $21,276,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management UK Ltd. grew its position in Alphabet by 95.0% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 39,000 shares of the information services provider’s stock valued at $7,383,000 after buying an additional 19,000 shares during the period. Howard Capital Management Group LLC grew its position in Alphabet by 0.3% during the fourth quarter. Howard Capital Management Group LLC now owns 308,166 shares of the information services provider’s stock valued at $58,336,000 after buying an additional 986 shares during the period. JBGlobal.com LLC bought a new stake in Alphabet during the fourth quarter valued at approximately $993,000. Exchange Bank grew its position in Alphabet by 1.3% during the fourth quarter. Exchange Bank now owns 8,986 shares of the information services provider’s stock valued at $1,701,000 after buying an additional 113 shares during the period. Finally, Atomi Financial Group Inc. grew its position in Alphabet by 46.9% during the fourth quarter. Atomi Financial Group Inc. now owns 122,756 shares of the information services provider’s stock valued at $23,238,000 after buying an additional 39,208 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Alphabet in a research report on Wednesday, October 30th. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Cantor Fitzgerald dropped their price target on shares of Alphabet from $215.00 to $210.00 and set a “neutral” rating for the company in a research report on Wednesday, January 22nd. Wedbush upped their price target on shares of Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Finally, KeyCorp upped their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Nine research 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. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.44.

Insiders Place Their Bets

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the completion of the sale, the director now directly owns 330,466 shares of the company’s stock, valued at approximately $59,741,643.48. This represents a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the sale, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,387 shares of company stock worth $24,368,654 in the last three months. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Up 1.1 %

Shares of Alphabet stock opened at $200.21 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $202.29. The firm’s 50-day moving average is $186.46 and its two-hundred day moving average is $173.69. The stock has a market cap of $2.45 trillion, a price-to-earnings ratio of 26.55, a PEG ratio of 1.27 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. During the same period in the prior year, the business earned $1.55 EPS. As a group, research analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current fiscal 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.