Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 16.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 296,237 shares of the information services provider’s stock after purchasing an additional 42,209 shares during the period. Alphabet accounts for about 1.7% of Banque Cantonale Vaudoise’s holdings, making the stock its 8th biggest position. Banque Cantonale Vaudoise’s holdings in Alphabet were worth $35,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of GOOGL. Live Oak Investment Partners acquired a new position in Alphabet in the 4th quarter valued at $26,000. Armor Investment Advisors LLC acquired a new position in Alphabet in the 2nd quarter valued at $28,000. CarsonAllaria Wealth Management Ltd. raised its holdings in Alphabet by 136.7% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 284 shares of the information services provider’s stock valued at $34,000 after acquiring an additional 164 shares during the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in Alphabet in the 4th quarter valued at $34,000. Finally, Turim 21 Investimentos Ltda. acquired a new position in Alphabet in the 3rd quarter valued at $38,000. 35.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Kavitark Ram Shriram sold 75,000 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $131.09, for a total transaction of $9,831,750.00. Following the sale, the director now owns 104,364 shares in the company, valued at $13,681,076.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 3,749 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $136.28, for a total value of $510,913.72. Following the sale, the chief accounting officer now owns 25,568 shares in the company, valued at $3,484,407.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $131.09, for a total transaction of $9,831,750.00. Following the completion of the sale, the director now owns 104,364 shares in the company, valued at approximately $13,681,076.76. The disclosure for this sale can be found here. Insiders have sold a total of 176,576 shares of company stock worth $23,425,367 over the last quarter. 0.88% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Alphabet from $126.00 to $129.00 and gave the company an “equal weight” rating in a report on Thursday, November 16th. Monness Crespi & Hardt cut shares of Alphabet from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 25th. Bank of America boosted their price objective on shares of Alphabet from $142.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, October 4th. Royal Bank of Canada reissued an “outperform” rating and set a $155.00 price objective on shares of Alphabet in a research note on Wednesday, October 25th. Finally, JMP Securities boosted their price objective on shares of Alphabet from $138.00 to $140.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 25th. Five analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Alphabet Stock Performance

Shares of Alphabet stock opened at $136.25 on Tuesday. The firm has a market cap of $1.71 trillion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 1.51 and a beta of 1.05. The firm’s 50-day simple moving average is $133.42 and its 200-day simple moving average is $127.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.04. Alphabet Inc. has a 1 year low of $84.86 and a 1 year high of $141.22.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, October 24th. The information services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The business had revenue of $64.05 billion for the quarter, compared to analyst estimates of $63.13 billion. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. Equities analysts forecast that Alphabet Inc. will post 5.74 earnings per share for the current fiscal year.

Alphabet Company Profile

Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.