IPG Investment Advisors LLC Has $6.73 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

IPG Investment Advisors LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,321 shares of the information services provider’s stock after acquiring an additional 21 shares during the period. Alphabet comprises 1.2% of IPG Investment Advisors LLC’s holdings, making the stock its 19th biggest position. IPG Investment Advisors LLC’s holdings in Alphabet were worth $6,725,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Morgan Stanley increased its stake in shares of Alphabet by 1.2% during the second quarter. Morgan Stanley now owns 3,216,517 shares of the information services provider’s stock worth $7,854,059,000 after purchasing an additional 39,437 shares during the period. New World Advisors LLC increased its stake in shares of Alphabet by 7.5% during the third quarter. New World Advisors LLC now owns 428 shares of the information services provider’s stock worth $1,178,000 after purchasing an additional 30 shares during the period. EagleClaw Capital Managment LLC increased its stake in shares of Alphabet by 1.1% during the third quarter. EagleClaw Capital Managment LLC now owns 1,209 shares of the information services provider’s stock worth $3,232,000 after purchasing an additional 13 shares during the period. Manchester Capital Management LLC increased its stake in shares of Alphabet by 5.1% during the third quarter. Manchester Capital Management LLC now owns 2,726 shares of the information services provider’s stock worth $7,288,000 after purchasing an additional 133 shares during the period. Finally, Capitolis Advisors LLC increased its stake in shares of Alphabet by 36.0% during the third quarter. Capitolis Advisors LLC now owns 110,526 shares of the information services provider’s stock worth $315,614,000 after purchasing an additional 29,229 shares during the period. 41.70% of the stock is owned by institutional investors.

In related news, Director Ann Mather sold 21 shares of the business’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $2,102.84, for a total value of $44,159.64. Following the completion of the sale, the director now directly owns 565 shares of the company’s stock, valued at approximately $1,188,104.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Prabhakar Raghavan sold 490 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $2,335.30, for a total value of $1,144,297.00. Following the completion of the sale, the senior vice president now directly owns 497 shares of the company’s stock, valued at $1,160,644.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 550,282 shares of company stock valued at $21,681,939. Corporate insiders own 13.20% of the company’s stock.

GOOGL has been the topic of a number of recent research reports. Piper Sandler lowered their target price on Alphabet from $3,475.00 to $2,900.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 27th. Stifel Nicolaus lowered their price objective on Alphabet from $3,500.00 to $3,100.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27th. Susquehanna Bancshares raised their price objective on Alphabet from $3,600.00 to $3,750.00 and gave the stock a “positive” rating in a research note on Wednesday, February 2nd. UBS Group lowered their price objective on Alphabet from $3,850.00 to $3,600.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27th. Finally, Royal Bank of Canada raised their price objective on Alphabet from $3,400.00 to $3,500.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 2nd. Two research analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $3,312.41.

GOOGL traded up $90.48 during midday trading on Friday, hitting $2,246.33. 1,893,196 shares of the company were exchanged, compared to its average volume of 1,954,017. The firm has a market capitalization of $1.48 trillion, a P/E ratio of 20.32, a P/E/G ratio of 1.03 and a beta of 1.13. Alphabet Inc. has a 1-year low of $2,037.69 and a 1-year high of $3,030.93. The firm’s 50 day moving average price is $2,485.57 and its 200-day moving average price is $2,682.83. The company has a quick ratio of 2.85, a current ratio of 2.87 and a debt-to-equity ratio of 0.06.

Shares of Alphabet are going to split on the morning of Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly issued shares will be payable to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The information services provider reported $24.62 earnings per share for the quarter, missing the consensus estimate of $25.51 by ($0.89). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same period in the prior year, the business earned $26.29 earnings per share. On average, sell-side analysts predict that Alphabet Inc. will post 112.62 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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