Stevens Capital Management LP Has $13.19 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Stevens Capital Management LP boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 4,516.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,568 shares of the information services provider’s stock after buying an additional 91,541 shares during the quarter. Alphabet makes up about 3.3% of Stevens Capital Management LP’s holdings, making the stock its 4th biggest position. Stevens Capital Management LP’s holdings in Alphabet were worth $13,187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOG. Kozak & Associates Inc. grew its position in Alphabet by 2.9% in the 3rd quarter. Kozak & Associates Inc. now owns 9,412 shares of the information services provider’s stock worth $1,306,000 after purchasing an additional 265 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Alphabet by 1.4% in the 3rd quarter. Avior Wealth Management LLC now owns 24,970 shares of the information services provider’s stock worth $3,292,000 after buying an additional 346 shares in the last quarter. Founders Financial Securities LLC raised its stake in Alphabet by 32.1% during the third quarter. Founders Financial Securities LLC now owns 2,548 shares of the information services provider’s stock worth $336,000 after acquiring an additional 619 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. lifted its holdings in Alphabet by 4.3% during the 3rd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 2,543 shares of the information services provider’s stock valued at $335,000 after purchasing an additional 106 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its stake in shares of Alphabet by 10.2% in the third quarter. Integrated Investment Consultants LLC now owns 7,552 shares of the information services provider’s stock valued at $996,000 after acquiring an additional 700 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on GOOG shares. Morgan Stanley restated an “overweight” rating and set a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. Oppenheimer increased their price objective on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Raymond James upped their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Stifel Nicolaus raised their price target on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Susquehanna upped their price objective on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $165.67.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 2,100 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now directly owns 5,891 shares in the company, valued at approximately $1,035,402.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at $4,009,032.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 2,100 shares of Alphabet stock in a transaction on Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 253,439 shares of company stock valued at $36,746,578. 12.99% of the stock is currently owned by company insiders.

Alphabet Trading Up 10.0 %

GOOG opened at $173.69 on Friday. The firm has a 50 day simple moving average of $149.12 and a 200 day simple moving average of $142.75. Alphabet Inc. has a fifty-two week low of $104.42 and a fifty-two week high of $176.42. The company has a market cap of $2.16 trillion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same quarter in the previous year, the company posted $1.17 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Alphabet Inc. will post 6.79 earnings per share for the current 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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.