Windacre Partnership LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 10.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 257,200 shares of the information services provider's stock after buying an additional 25,200 shares during the quarter. Alphabet makes up about 11.8% of Windacre Partnership LLC's holdings, making the stock its 3rd biggest position. Windacre Partnership LLC's holdings in Alphabet were worth $560,506,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. GW Henssler & Associates Ltd. lifted its stake in shares of Alphabet by 3.5% during the 1st quarter. GW Henssler & Associates Ltd. now owns 10,307 shares of the information services provider's stock worth $28,667,000 after purchasing an additional 351 shares during the period. Farmers Trust Co. lifted its stake in shares of Alphabet by 2.2% during the 2nd quarter. Farmers Trust Co. now owns 5,924 shares of the information services provider's stock worth $12,910,000 after purchasing an additional 129 shares during the period. Cadian Capital Management LP lifted its stake in shares of Alphabet by 26.4% during the 1st quarter. Cadian Capital Management LP now owns 30,448 shares of the information services provider's stock worth $84,687,000 after purchasing an additional 6,350 shares during the period. Ziegler Capital Management LLC lifted its stake in shares of Alphabet by 62.3% during the 2nd quarter. Ziegler Capital Management LLC now owns 33,282 shares of the information services provider's stock worth $72,531,000 after purchasing an additional 12,774 shares during the period. Finally, Privium Fund Management UK Ltd lifted its stake in shares of Alphabet by 1,229.8% during the 1st quarter. Privium Fund Management UK Ltd now owns 5,319 shares of the information services provider's stock worth $14,855,000 after purchasing an additional 4,919 shares during the period. Hedge funds and other institutional investors own 1.88% of the company's stock.
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Insiders Place Their Bets
In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of the business's stock in a transaction on Monday, October 24th. The shares were purchased at an average price of $17.00 per share, with a total value of $13,600,000.00. Following the completion of the acquisition, the insider now directly owns 11,522,248 shares of the company's stock, valued at approximately $195,878,216. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, CAO Amie Thuener O'toole sold 855 shares of the firm's stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $101.13, for a total value of $86,466.15. Following the sale, the chief accounting officer now owns 24,908 shares in the company, valued at $2,518,946.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv purchased 800,000 shares of the company's stock in a transaction on Monday, October 24th. The stock was purchased at an average price of $17.00 per share, for a total transaction of $13,600,000.00. Following the purchase, the insider now directly owns 11,522,248 shares of the company's stock, valued at approximately $195,878,216. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,461,702 shares of company stock valued at $36,999,217 and have sold 303,656 shares valued at $20,129,470. 11.44% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
GOOGL has been the topic of a number of recent analyst reports. Robert W. Baird reduced their price target on Alphabet to $120.00 in a research note on Thursday, October 27th. MKM Partners dropped their price objective on Alphabet from $140.00 to $134.00 and set a "buy" rating for the company in a report on Wednesday, October 19th. Royal Bank of Canada dropped their price objective on Alphabet from $135.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday, October 26th. Wells Fargo & Company dropped their price objective on Alphabet from $160.00 to $145.00 and set an "overweight" rating for the company in a report on Wednesday, October 26th. Finally, Bank of America dropped their price objective on Alphabet from $125.00 to $114.00 and set a "buy" rating for the company in a report on Tuesday, October 4th. Five investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $133.77.
Alphabet Stock Performance
Shares of GOOGL stock opened at $99.47 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. Alphabet Inc. has a one year low of $83.34 and a one year high of $151.55. The company's 50-day simple moving average is $96.74 and its 200-day simple moving average is $106.60. The stock has a market capitalization of $1.29 trillion, a price-to-earnings ratio of 19.73, a PEG ratio of 1.90 and a beta of 1.06.
Alphabet (NASDAQ:GOOGL – Get Rating) last issued its earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by ($0.19). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The business had revenue of $57.27 billion during the quarter, compared to the consensus estimate of $58.36 billion. During the same period in the prior year, the business earned $1.40 EPS. Equities analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.
Alphabet Company Profile
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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.