25 LLC Purchases New Shares in Alphabet Inc. (NASDAQ:GOOG)

25 LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,057 shares of the information services provider’s stock, valued at approximately $1,699,000. Alphabet comprises 0.9% of 25 LLC’s investment portfolio, making the stock its 16th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its stake in shares of Alphabet by 61,587.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock valued at $11,539,004,000 after buying an additional 129,835,437 shares during the period. FMR LLC boosted its holdings in Alphabet by 3.8% in the third quarter. FMR LLC now owns 120,234,117 shares of the information services provider’s stock valued at $15,852,868,000 after acquiring an additional 4,348,188 shares during the last quarter. JPMorgan Chase & Co. increased its position in Alphabet by 11.3% in the third quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock worth $12,649,838,000 after purchasing an additional 9,703,425 shares during the period. Morgan Stanley raised its holdings in Alphabet by 37.6% during the 4th quarter. Morgan Stanley now owns 71,779,112 shares of the information services provider’s stock worth $6,368,961,000 after purchasing an additional 19,612,974 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Alphabet by 2.3% during the 3rd quarter. Northern Trust Corp now owns 57,269,184 shares of the information services provider’s stock valued at $7,550,942,000 after purchasing an additional 1,275,060 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Up 0.1 %

Alphabet stock traded up $0.18 during midday trading on Thursday, hitting $152.12. 7,996,089 shares of the stock were exchanged, compared to its average volume of 22,909,428. Alphabet Inc. has a 52 week low of $100.29 and a 52 week high of $155.20. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.89 trillion, a PE ratio of 26.16, a P/E/G ratio of 1.40 and a beta of 1.05. The company has a fifty day simple moving average of $144.57 and a two-hundred day simple moving average of $139.30.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company had revenue of $86.31 billion during the quarter, compared to analyst estimates of $85.28 billion. During the same quarter in the previous year, the business earned $1.05 EPS. The firm’s revenue was up 13.5% on a year-over-year basis. Equities research analysts anticipate that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 425 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total value of $59,334.25. Following the completion of the transaction, the chief accounting officer now directly owns 27,259 shares in the company, valued at approximately $3,805,628.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Alphabet news, Director Frances Arnold sold 240 shares of Alphabet stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $140.51, for a total value of $33,722.40. Following the sale, the director now owns 14,815 shares of the company’s stock, valued at approximately $2,081,655.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 425 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total transaction of $59,334.25. Following the transaction, the chief accounting officer now directly owns 27,259 shares of the company’s stock, valued at $3,805,628.99. The disclosure for this sale can be found here. Insiders sold 251,378 shares of company stock worth $35,461,377 over the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Susquehanna boosted their price target on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Raymond James upped their target price on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and a consensus price target of $146.33.

About Alphabet

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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.