Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 868,626 shares of the information services provider’s stock after buying an additional 21,955 shares during the period. Alphabet comprises about 1.0% of Yousif Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Yousif Capital Management LLC’s holdings in Alphabet were worth $76,639,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GOOGL. Wedmont Private Capital increased its holdings in Alphabet by 38.6% in the 4th quarter. Wedmont Private Capital now owns 24,509 shares of the information services provider’s stock worth $2,141,000 after purchasing an additional 6,821 shares in the last quarter. Indiana Trust & Investment Management CO increased its holdings in Alphabet by 4.0% in the 4th quarter. Indiana Trust & Investment Management CO now owns 37,629 shares of the information services provider’s stock worth $3,320,000 after purchasing an additional 1,454 shares in the last quarter. Crestmont Private Wealth LLC acquired a new position in Alphabet in the 4th quarter worth about $286,000. Iowa State Bank increased its holdings in Alphabet by 7.1% in the 4th quarter. Iowa State Bank now owns 52,152 shares of the information services provider’s stock worth $4,602,000 after purchasing an additional 3,459 shares in the last quarter. Finally, Insight Wealth Strategies LLC increased its holdings in Alphabet by 1,941.7% in the 4th quarter. Insight Wealth Strategies LLC now owns 21,009 shares of the information services provider’s stock worth $1,854,000 after purchasing an additional 19,980 shares in the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.

Alphabet Stock Up 1.3 %

GOOGL stock opened at $101.62 on Friday. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.30 trillion, a PE ratio of 22.33, a P/E/G ratio of 1.33 and a beta of 1.09. The stock’s 50 day moving average is $95.08 and its 200-day moving average is $96.18. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $143.79.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). The business had revenue of $76.05 billion for the quarter, compared to analysts’ expectations of $63.15 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. During the same period in the previous year, the business posted $1.53 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 5.12 EPS for the current fiscal year.

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The stock was bought at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the transaction, the insider now owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was acquired at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the transaction, the insider now directly owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 37,500 shares of the firm’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $100.00, for a total value of $3,750,000.00. Following the completion of the sale, the director now directly owns 144,740 shares of the company’s stock, valued at $14,474,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,245 shares of company stock valued at $7,174,078. 11.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays upped 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. StockNews.com assumed coverage on Alphabet in a research note on Thursday. They issued a “hold” rating for the company. MKM Partners increased their price target on Alphabet from $120.00 to $126.00 in a research note on Friday, February 3rd. Evercore ISI decreased their price target on Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, December 21st. Finally, Tigress Financial decreased their price target on Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a research note on Friday, January 6th. Four research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.44.

About Alphabet

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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.