Simon Quick Advisors LLC Purchases 3,012 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Simon Quick Advisors LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,437 shares of the information services provider’s stock after acquiring an additional 3,012 shares during the quarter. Alphabet comprises 0.6% of Simon Quick Advisors LLC’s holdings, making the stock its 25th biggest position. Simon Quick Advisors LLC’s holdings in Alphabet were worth $10,683,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GOOGL. Oppenheimer Asset Management Inc. raised its stake in shares of Alphabet by 15.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 465,680 shares of the information services provider’s stock worth $84,824,000 after acquiring an additional 60,814 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Alphabet by 5.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,816,038 shares of the information services provider’s stock worth $1,241,541,000 after purchasing an additional 325,420 shares during the last quarter. OV Management LLC grew its position in Alphabet by 1.0% during the 2nd quarter. OV Management LLC now owns 38,136 shares of the information services provider’s stock worth $6,946,000 after purchasing an additional 362 shares during the last quarter. American Financial & Tax Strategies Inc. purchased a new stake in Alphabet during the 2nd quarter worth approximately $233,000. Finally, Alta Advisers Ltd grew its position in Alphabet by 1.9% during the 2nd quarter. Alta Advisers Ltd now owns 16,100 shares of the information services provider’s stock worth $2,933,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $200.21 on Monday. The firm has a 50-day simple moving average of $186.46 and a 200-day simple moving average of $173.69. The stock has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $202.29.

Alphabet (NASDAQ:GOOGL) last issued its 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 business had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the prior year, the business earned $1.55 earnings per share. On average, equities analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GOOGL. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Wolfe Research boosted their target price on shares of Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Royal Bank of Canada boosted their target price on shares of Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their target price on shares of Alphabet from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, DA Davidson upped their price objective on shares of Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Friday. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $209.44.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 441 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were 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 approximately $2,820,779.40. This represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the sale, the chief executive officer now directly owns 2,084,306 shares of the company’s stock, valued at $369,672,512.16. This represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,387 shares of company stock valued at $24,368,654. 11.55% of the stock is owned by company insiders.

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.