MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Increases Holdings in Alphabet Inc. (NASDAQ:GOOGL)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 330,637 shares of the information services provider's stock after purchasing an additional 23,944 shares during the quarter. Alphabet accounts for 2.0% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's portfolio, making the stock its 9th largest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Alphabet were worth $63,231,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. increased its stake in Alphabet by 4.6% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 18,862 shares of the information services provider's stock valued at $3,571,000 after buying an additional 831 shares during the period. Greater Midwest Financial Group LLC increased its holdings in shares of Alphabet by 0.6% during the 4th quarter. Greater Midwest Financial Group LLC now owns 66,267 shares of the information services provider's stock valued at $12,544,000 after acquiring an additional 368 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after buying an additional 4,110 shares during the period. Hengehold Capital Management LLC lifted its position in shares of Alphabet by 2.5% during the 4th quarter. Hengehold Capital Management LLC now owns 8,287 shares of the information services provider's stock worth $1,569,000 after purchasing an additional 201 shares during the last quarter. Finally, Seneca House Advisors increased its position in Alphabet by 1.5% during the fourth quarter. Seneca House Advisors now owns 66,382 shares of the information services provider's stock worth $12,566,000 after acquiring an additional 974 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 1,367 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at $4,516,745.58. This represents a 4.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 441 shares of the business's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the transaction, the director now directly owns 16,490 shares in the company, valued at $2,820,779.40. This trade represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,887 shares of company stock valued at $22,470,464 over the last quarter. Corporate insiders own 11.55% of the company's stock.

Alphabet Trading Up 2.2 %

GOOGL traded up $4.38 during midday trading on Thursday, hitting $199.79. The company's stock had a trading volume of 9,551,657 shares, compared to its average volume of 23,832,391. The firm has a market cap of $2.45 trillion, a P/E ratio of 26.49, a PEG ratio of 1.27 and a beta of 0.98. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $202.29. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $187.53 and a two-hundred day moving average price of $173.84.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter in the prior year, the firm posted $1.55 earnings per share. On average, research analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Bank of America reiterated a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. Wells Fargo & Company upped their price objective on shares of Alphabet from $187.00 to $190.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Cantor Fitzgerald dropped their target price on Alphabet from $215.00 to $210.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 22nd. Pivotal Research upped their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Loop Capital increased their target price on Alphabet from $170.00 to $185.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Nine equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $209.82.

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.