Janney Montgomery Scott LLC Has $210.99 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Janney Montgomery Scott LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 2.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 75,857 shares of the information services provider’s stock after acquiring an additional 1,617 shares during the period. Alphabet comprises about 0.9% of Janney Montgomery Scott LLC’s holdings, making the stock its 15th biggest position. Janney Montgomery Scott LLC’s holdings in Alphabet were worth $210,987,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of GOOGL. Aptus Capital Advisors LLC grew its position in Alphabet by 78.0% during the 1st quarter. Aptus Capital Advisors LLC now owns 2,969 shares of the information services provider’s stock worth $8,258,000 after acquiring an additional 1,301 shares during the last quarter. Advisor Group Holdings Inc. grew its position in Alphabet by 8.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 89,717 shares of the information services provider’s stock worth $237,648,000 after acquiring an additional 6,866 shares during the last quarter. State of Michigan Retirement System grew its position in Alphabet by 0.3% during the 1st quarter. State of Michigan Retirement System now owns 115,329 shares of the information services provider’s stock worth $320,770,000 after acquiring an additional 314 shares during the last quarter. Investment Advisory Services Inc. TX ADV grew its position in Alphabet by 2.1% during the 1st quarter. Investment Advisory Services Inc. TX ADV now owns 298 shares of the information services provider’s stock worth $830,000 after acquiring an additional 6 shares during the last quarter. Finally, ClariVest Asset Management LLC grew its position in shares of Alphabet by 4.6% in the 1st quarter. ClariVest Asset Management LLC now owns 27,456 shares of the information services provider’s stock valued at $76,366,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 41.70% of the company’s stock.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 31 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $2,280.98, for a total value of $70,710.38. Following the transaction, the director now directly owns 265 shares of the company’s stock, valued at approximately $604,459.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director John L. Hennessy sold 31 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $2,280.98, for a total value of $70,710.38. Following the sale, the director now directly owns 265 shares in the company, valued at approximately $604,459.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder 2021 Gp L.L.C. Gv acquired 255,647 shares of the stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average price of $34.65 per share, for a total transaction of $8,858,168.55. Following the completion of the purchase, the insider now directly owns 479,695 shares in the company, valued at approximately $16,621,431.75. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 42,383 shares of company stock valued at $15,761,666. 11.44% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on GOOGL. UBS Group reduced their price target on Alphabet from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. StockNews.com lowered Alphabet from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. Stifel Nicolaus set a $155.00 price target on Alphabet in a research report on Monday, July 18th. Susquehanna reduced their price target on Alphabet from $187.50 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, July 27th. Finally, Rosenblatt Securities reduced their price target on Alphabet from $205.00 to $154.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. Five investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $147.36.

Alphabet Price Performance

GOOGL opened at $117.47 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 2.78. The company has a market capitalization of $1.55 trillion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 1.91 and a beta of 1.08. The firm’s fifty day moving average price is $155.27 and its two-hundred day moving average price is $137.96. Alphabet Inc. has a 1 year low of $101.88 and a 1 year high of $151.55.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly 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 return on equity of 28.65% and a net margin of 25.89%. During the same quarter in the previous year, the company earned $27.26 earnings per share. As a group, analysts anticipate that Alphabet Inc. will post 5.22 earnings per share for the current fiscal year.

About Alphabet

(Get Rating)

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.

Featured Articles

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)

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.