Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. increased its stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 102,409 shares of the information services provider’s stock after buying an additional 1,970 shares during the quarter. Alphabet comprises 3.0% of Asahi Life Asset Management CO. LTD.’s portfolio, making the stock its 6th largest position. Asahi Life Asset Management CO. LTD.’s holdings in Alphabet were worth $9,036,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. DC Investments Management LLC acquired a new stake in Alphabet during the 1st quarter valued at approximately $114,000. Bridgefront Capital LLC acquired a new stake in Alphabet during the 1st quarter valued at approximately $225,000. Worth Asset Management LLC acquired a new stake in Alphabet during the 1st quarter valued at approximately $206,000. Eudaimonia Advisors LLC lifted its holdings in Alphabet by 15.1% during the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after buying an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC bought a new position in Alphabet during the 1st quarter worth approximately $281,000. Institutional investors and hedge funds own 34.06% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $132.00 target price on shares of Alphabet in a report on Thursday, March 16th. Sanford C. Bernstein reduced their target price on Alphabet from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, April 20th. Barclays increased their target price on Alphabet from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Piper Sandler increased their target price on Alphabet from $117.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, April 26th. Finally, Raymond James increased their target price on Alphabet from $119.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Four research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $130.56.

Insider Transactions at Alphabet

In other news, Director Ann Mather sold 380 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the sale, the director now owns 11,300 shares of the company’s stock, valued at $1,017,565. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Ann Mather sold 380 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the sale, the director now owns 11,300 shares of the company’s stock, valued at $1,017,565. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $90.15, for a total value of $57,425.55. Following the completion of the sale, the chief accounting officer now directly owns 25,442 shares of the company’s stock, valued at approximately $2,293,596.30. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 732,217 shares of company stock valued at $21,135,371 and sold 753,384 shares valued at $30,574,577. 0.88% of the stock is currently owned by insiders.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $123.48 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.54 and a beta of 1.10. The stock’s fifty day simple moving average is $108.64 and its 200 day simple moving average is $99.13. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $126.43.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The business had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $57.19 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. During the same period in the previous year, the firm posted $1.23 EPS. As a group, sell-side analysts forecast that Alphabet Inc. will post 5.41 earnings per share for the current fiscal year.

Alphabet Profile

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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.