Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by DGS Capital Management LLC

DGS Capital Management LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,064 shares of the information services provider's stock after purchasing an additional 1,443 shares during the quarter. Alphabet comprises about 0.9% of DGS Capital Management LLC's portfolio, making the stock its 16th biggest holding. DGS Capital Management LLC's holdings in Alphabet were worth $3,609,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of GOOGL. Bennett Selby Investments LP boosted its holdings in Alphabet by 4.0% in the fourth quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock valued at $256,000 after purchasing an additional 52 shares during the last quarter. Conrad Siegel Investment Advisors Inc. raised its position in shares of Alphabet by 0.5% in the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock worth $1,864,000 after acquiring an additional 53 shares during the period. Denver PWM LLC raised its position in shares of Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock worth $47,000 after acquiring an additional 57 shares during the period. Ignite Planners LLC raised its position in shares of Alphabet by 0.4% in the fourth quarter. Ignite Planners LLC now owns 15,078 shares of the information services provider's stock worth $2,892,000 after acquiring an additional 57 shares during the period. Finally, Fermata Advisors LLC raised its position in shares of Alphabet by 0.8% in the fourth quarter. Fermata Advisors LLC now owns 7,433 shares of the information services provider's stock worth $1,407,000 after acquiring an additional 57 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL traded up $3.43 during midday trading on Friday, hitting $204.30. The stock had a trading volume of 6,812,979 shares, compared to its average volume of 23,675,631. The company has a market capitalization of $2.50 trillion, a PE ratio of 27.10, a P/E/G ratio of 1.26 and a beta of 0.98. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $205.02. The stock has a 50 day moving average price of $188.19 and a two-hundred day moving average price of $174.03. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter in the previous year, the firm earned $1.55 earnings per share. As a group, equities analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 1,500 shares of the business's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the sale, the director now directly owns 21,824 shares in the company, valued at approximately $4,142,195.20. The trade was a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 1,367 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the sale, the chief accounting officer now owns 23,515 shares of the company's stock, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,630 shares of company stock worth $22,258,133. Insiders own 11.55% of the company's stock.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of analyst reports. JMP Securities reiterated a "market perform" rating on shares of Alphabet in a research report on Monday. Wolfe Research increased their price objective on shares of Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Pivotal Research increased their price target on shares of Alphabet from $215.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their price target on shares of Alphabet from $187.00 to $190.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Finally, Sanford C. Bernstein increased their price objective on shares of Alphabet from $180.00 to $185.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and an average 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.