Grandfield & Dodd LLC Buys 11,922 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Grandfield & Dodd LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 116,983 shares of the information services provider's stock after acquiring an additional 11,922 shares during the period. Grandfield & Dodd LLC's holdings in Alphabet were worth $18,090,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Eagle Capital Management LLC grew its position in shares of Alphabet by 0.7% during the 4th quarter. Eagle Capital Management LLC now owns 50,132 shares of the information services provider's stock worth $9,490,000 after purchasing an additional 371 shares in the last quarter. Brighton Jones LLC grew its position in Alphabet by 3.9% during the fourth 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 in the last quarter. Revolve Wealth Partners LLC increased its stake in Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock worth $2,826,000 after acquiring an additional 506 shares during the period. Highview Capital Management LLC DE lifted its position in shares of Alphabet by 3.6% during the 4th quarter. Highview Capital Management LLC DE now owns 29,100 shares of the information services provider's stock valued at $5,509,000 after acquiring an additional 1,003 shares during the period. Finally, Hudson Value Partners LLC grew its holdings in shares of Alphabet by 22.7% during the 4th quarter. Hudson Value Partners LLC now owns 73,282 shares of the information services provider's stock worth $13,873,000 after purchasing an additional 13,564 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 400 shares of the business's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $181.98, for a total transaction of $72,792.00. Following the completion of the sale, the director directly owned 6,013 shares in the company, valued at $1,094,245.74. The trade was a 6.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of the company's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $3,448,820.16. Following the completion of the sale, the director owned 243,400 shares of the company's stock, valued at approximately $45,213,984. The trade was a 7.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 249,409 shares of company stock worth $43,523,710 over the last three months. 11.64% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citizens Jmp raised Alphabet from a "market perform" rating to an "outperform" rating and set a $220.00 price target for the company in a research note on Friday, June 27th. Tigress Financial increased their price target on shares of Alphabet from $220.00 to $240.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, April 30th. DA Davidson upped their target price on Alphabet from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Thursday. Rosenblatt Securities lifted their price target on Alphabet from $189.00 to $191.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, BNP Paribas downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and an average target price of $211.32.

Alphabet Trading Up 1.0%

NASDAQ GOOGL traded up $1.94 on Thursday, hitting $192.17. The company's stock had a trading volume of 74,740,490 shares, compared to its average volume of 39,272,972. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The firm has a market cap of $2.33 trillion, a P/E ratio of 20.47, a PEG ratio of 1.33 and a beta of 1.00. The company's 50-day simple moving average is $175.23 and its 200 day simple moving average is $173.10.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $76.49 billion during the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 35.22% and a net margin of 31.12%. During the same quarter in the previous year, the business earned $1.89 earnings per share. Research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

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.