Soditic Asset Management LLP buys shares of 1,000 Alphabet Inc. (NASDAQ:GOOGL)

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Soditic Asset Management LLP purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) during Q1, according to the company in its most recent Form 13F filing with the SEC. The company purchased 1,000 shares of the information services provider, valued at approximately $2,781,000. Alphabet represents approximately 1.6% of Soditic Asset Management LLP’s holdings, making it its 14th position.

Several other large investors have also recently bought and sold shares of GOOGL. AFT Forsyth & Company Inc. increased its stake in Alphabet by 0.3% in the fourth quarter. AFT Forsyth & Company Inc. now owns 1,183 shares of the information services provider valued at $3,427,000 after acquiring 4 additional shares in the last quarter. Bay Harbor Wealth Management LLC increased its stake in Alphabet by 6.8% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 63 shares of the information services provider valued at $175,000 after acquiring 4 additional shares in the last quarter. Midwest Professional Planners LTD. increased its stake in Alphabet by 2.3% in the fourth quarter. Midwest Professional Planners LTD. now owns 180 shares of the information services provider worth $521,000 after acquiring 4 more shares in the last quarter. WNY Asset Management LLC increased its stake in Alphabet by 2.1% in the fourth quarter. WNY Asset Management LLC now owns 195 shares of the information services provider valued at $567,000 after acquiring 4 additional shares in the last quarter. Finally, First Farmers & Merchants Bank Trust increased its stake in Alphabet by 4.4% in the first quarter. First Farmers & Merchants Bank Trust now owns 94 shares of the information services provider valued at $261,000 after acquiring 4 more shares in the last quarter. Institutional investors and hedge funds hold 41.70% of the company’s shares.

Alphabetic stock down 0.3%

NASDAQ:GOOGL shares opened at $121.70 on Wednesday. Alphabet Inc. has a 52-week low of $101.88 and a 52-week high of $151.55. The company has a debt ratio of 0.06, a quick ratio of 2.78 and a current ratio of 2.81. The company’s fifty-day moving average is $155.91 and its 200-day moving average is $137.46. The company has a market capitalization of $1.60 trillion, a PE ratio of 22.64, a P/E/G ratio of 1.97 and a beta of 1.08.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its results on Tuesday, July 26. The information services provider reported EPS of $1.21 for the quarter, missing the consensus estimate of $1.32 per ($0.11). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. In the same quarter last year, the company posted earnings per share of $27.26. Equity research analysts expect Alphabet Inc. to post earnings per share of 5.22 for the current fiscal year.

Insider buying and selling

In related news, major shareholder 2021 Gp LLC Gv purchased 13,528 shares of Alphabet in a transaction that took place on Tuesday, May 24. The shares were acquired at an average price of $33.72 per share, for a total transaction of $456,164.16. Following the transaction, the insider now directly owns 593,402 shares of the company, valued at $20,009,515.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Separately, director Ann Mather sold 21 shares of the company in a trade dated Wednesday, May 25. The shares were sold at an average price of $2,102.84, for a total transaction of $44,159.64. Following the transaction, the administrator now owns 565 shares of the company, valued at approximately $1,188,104.60. The sale was disclosed in a filing with the SEC, accessible via this link. Additionally, major shareholder 2021 Gp LLC Gv purchased 13,528 shares of the company in a transaction on Tuesday, May 24. The shares were acquired at an average price of $33.72 per share, for a total transaction of $456,164.16. Following the completion of the transaction, the insider now owns 593,402 shares of the company, valued at approximately $20,009,515.44. Disclosure of this purchase can be found here. Insiders sold a total of 42,852 shares of the company worth $15,750,955 over the past 90 days. Company insiders hold 11.44% of the company’s shares.

Wall Street analysts predict growth

GOOGL has been the subject of a number of analyst reports. Itau BBA Securities launched coverage on Alphabet shares in a research note on Tuesday, July 26. They issued a “market performance” rating and a target price of $113.00 for the company. Susquehanna Bancshares cut its price target on Alphabet shares from $187.50 to $150.00 and set a “positive” rating for the company in a Wednesday, July 27 research note. Mizuho cut its price target on Alphabet shares from $175.00 to $150.00 and set a “buy” rating for the company in a Friday, July 22 research note. Evercore ISI cut its price target on Alphabet shares from $155.50 to $140.00 and set an “outperform” rating for the company in a Wednesday, July 27 research note. Finally, Citigroup reduced its price target on Alphabet shares from $145.00 to $140.00 and set a “buy” rating for the company in a Wednesday, July 27 research note. Five equity research analysts gave the stock a hold rating, thirty-four gave the company a buy rating and one gave the company a high buy rating. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.36.

About the alphabet

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Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, 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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