Brighton Jones LLC Has $20.89 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Brighton Jones LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,330 shares of the information services provider's stock after acquiring an additional 4,110 shares during the quarter. Alphabet accounts for about 0.6% of Brighton Jones LLC's investment portfolio, making the stock its 26th biggest position. Brighton Jones LLC's holdings in Alphabet were worth $20,886,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GOOGL. State Street Corp grew its stake in Alphabet by 0.3% in the third quarter. State Street Corp now owns 222,555,548 shares of the information services provider's stock worth $36,910,838,000 after purchasing an additional 743,369 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Alphabet by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider's stock worth $22,154,651,000 after acquiring an additional 2,626,431 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Alphabet by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after acquiring an additional 4,567,275 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Alphabet by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 49,857,900 shares of the information services provider's stock valued at $8,268,933,000 after acquiring an additional 1,237,385 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Alphabet by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 37,233,079 shares of the information services provider's stock worth $6,175,106,000 after purchasing an additional 523,416 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GOOGL. Phillip Securities raised Alphabet to a "strong-buy" rating in a report on Friday, November 1st. Piper Sandler reissued an "overweight" rating and set a $210.00 target price (up from $200.00) on shares of Alphabet in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their price target on Alphabet from $204.00 to $210.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. The Goldman Sachs Group reissued a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a report on Thursday, December 12th. Finally, Morgan Stanley lifted their target price on Alphabet from $205.00 to $215.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Nine research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $209.82.

Alphabet Stock Performance

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

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 analysts' consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion during the quarter, compared to analysts' expectations of $72.85 billion. During the same quarter in the prior year, the company posted $1.55 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,367 shares of Alphabet stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $171.42, for a total value of $234,331.14. Following the completion of the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,516,745.58. The trade was a 4.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 441 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the sale, the director now owns 16,490 shares in the company, valued at $2,820,779.40. The trade was 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 in the last 90 days. 11.55% of the stock is owned by corporate insiders.

Alphabet 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.