Ameritas Advisory Services LLC Has $5.19 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Ameritas Advisory Services LLC raised its position in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 5.4% in the first quarter, HoldingsChannel reports. The fund owned 1,866 shares of the information services provider’s stock after purchasing an additional 95 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Alphabet were worth $5,191,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GOOGL. International Assets Investment Management LLC grew its stake in Alphabet by 6.1% in the fourth quarter. International Assets Investment Management LLC now owns 3,356 shares of the information services provider’s stock valued at $9,717,000 after acquiring an additional 192 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of Alphabet by 8.6% during the fourth quarter. Qube Research & Technologies Ltd now owns 21,839 shares of the information services provider’s stock valued at $63,268,000 after buying an additional 1,731 shares during the last quarter. BCGM Wealth Management LLC purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $304,000. Grimes & Company Inc. boosted its position in shares of Alphabet by 1.2% during the fourth quarter. Grimes & Company Inc. now owns 7,644 shares of the information services provider’s stock valued at $22,144,000 after buying an additional 87 shares during the last quarter. Finally, Morningstar Investment Services LLC boosted its position in shares of Alphabet by 4.5% during the fourth quarter. Morningstar Investment Services LLC now owns 117,220 shares of the information services provider’s stock valued at $339,779,000 after buying an additional 5,058 shares during the last quarter. Institutional investors and hedge funds own 41.70% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the topic of several analyst reports. Credit Suisse Group cut their target price on Alphabet from $143.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Barclays cut their target price on Alphabet from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 5th. Morgan Stanley lifted their price target on Alphabet from $140.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, July 27th. Ita├║ Unibanco began coverage on Alphabet in a report on Tuesday, July 26th. They set a “market perform” rating and a $113.00 price target on the stock. Finally, Wedbush dropped their price target on Alphabet from $190.00 to $155.65 in a report on Wednesday, April 27th. Five research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $147.36.

Alphabet Price Performance

GOOGL opened at $117.47 on Friday. The stock has a 50-day moving average price of $155.27 and a 200-day moving average price of $137.96. Alphabet Inc. has a 12-month low of $101.88 and a 12-month high of $151.55. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.55 trillion, a P/E ratio of 21.85, a PEG ratio of 1.91 and a beta of 1.08.

Alphabet (NASDAQ:GOOGLGet Rating) last released its earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.11). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same period in the prior year, the business posted $27.26 earnings per share. Equities analysts predict that Alphabet Inc. will post 5.22 earnings per share for the current fiscal year.

Insider Activity

In other news, insider John Kent Walker sold 34,799 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $118.25, for a total value of $4,114,981.75. Following the completion of the sale, the insider now owns 18,484 shares of the company’s stock, valued at approximately $2,185,733. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider John Kent Walker sold 34,799 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $118.25, for a total value of $4,114,981.75. Following the completion of the sale, the insider now owns 18,484 shares of the company’s stock, valued at approximately $2,185,733. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder 2021 Gp L.L.C. Gv purchased 255,647 shares of the stock in a transaction on Tuesday, May 10th. The shares were acquired at an average cost of $34.65 per share, with a total value of $8,858,168.55. Following the transaction, the insider now directly owns 479,695 shares in the company, valued at $16,621,431.75. The disclosure for this purchase can be found here. In the last quarter, insiders sold 42,383 shares of company stock valued at $15,761,666. Insiders own 11.44% of the company’s stock.

Alphabet 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.

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Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLGet Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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