Adams Diversified Equity Fund Inc. lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 736,900 shares of the information services provider's stock after selling 97,400 shares during the period. Alphabet accounts for approximately 3.1% of Adams Diversified Equity Fund Inc.'s portfolio, making the stock its 3rd biggest holding. Adams Diversified Equity Fund Inc.'s holdings in Alphabet were worth $65,017,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. VitalStone Financial LLC purchased a new position in shares of Alphabet in the 4th quarter worth about $25,000. IAG Wealth Partners LLC grew its stake in Alphabet by 3,275.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider's stock valued at $26,000 after purchasing an additional 262 shares in the last quarter. Artemis Wealth Advisors LLC grew its position in shares of Alphabet by 1,900.0% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider's stock worth $27,000 after acquiring an additional 266 shares in the last quarter. Laurel Wealth Planning LLC grew its position in shares of Alphabet by 1,900.0% in the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider's stock worth $29,000 after acquiring an additional 285 shares in the last quarter. Finally, Coston McIsaac & Partners lifted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider's stock worth $30,000 after purchasing an additional 304 shares during the last quarter. Institutional investors and hedge funds own 34.06% of the company's stock.

Insider Transactions at Alphabet

In related news, Director Ann Mather sold 380 shares of the company's stock in a transaction on Monday, February 27th. The shares were sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the transaction, the director now owns 11,300 shares of the company's stock, valued at approximately $1,017,565. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Prabhakar Raghavan sold 32,379 shares of Alphabet stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $103.46, for a total value of $3,349,931.34. Following the sale, the senior vice president now directly owns 76,580 shares in the company, valued at approximately $7,922,966.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 380 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $90.05, for a total transaction of $34,219.00. Following the completion of the transaction, the director now owns 11,300 shares of the company's stock, valued at approximately $1,017,565. The disclosure for this sale can be found here. Insiders sold a total of 100,539 shares of company stock valued at $10,209,164 over the last three months. Corporate insiders own 11.44% of the company's stock.

Alphabet Stock Performance

Shares of GOOGL opened at $107.20 on Tuesday. The business has a 50-day simple moving average of $100.46 and a two-hundred day simple moving average of $96.68. The company has a quick ratio of 2.34, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $122.85. The stock has a market cap of $1.37 trillion, a price-to-earnings ratio of 23.88, a PEG ratio of 1.39 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.11. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The company had revenue of $69.79 billion during the quarter, compared to the consensus estimate of $57.19 billion. During the same period in the previous year, the company posted $1.23 EPS. On average, analysts expect that Alphabet Inc. will post 5.39 EPS for the current year.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several recent research reports. Jefferies Financial Group reissued a "buy" rating and issued a $130.00 price target on shares of Alphabet in a report on Friday, February 10th. BNP Paribas raised Alphabet from a "neutral" rating to an "outperform" rating and set a $123.00 price target on the stock in a report on Friday, March 17th. Raymond James raised their price objective on shares of Alphabet from $119.00 to $130.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 26th. Needham & Company LLC reissued a "buy" rating and issued a $115.00 price target on shares of Alphabet in a research report on Monday, April 3rd. Finally, Evercore ISI increased their price target on shares of Alphabet from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 26th. Three analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $130.06.

About Alphabet

(Get Rating)

Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.

Featured Articles

• Get a free copy of the StockNews.com research report on Alphabet (GOOGL)
• Insiders Drive Volatility For Keurig Dr Pepper
• After a 40% Drop, Analysts Remain Bullish on Impinj
• Visa Charges Higher After Better-Than-Expected Q2 Report
• onsemi Puts A Bottom in Chip Stocks, Heads For New Highs
• Can Teladoc Stock Be Resuscitated?

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.