Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Slow Capital Inc.

Slow Capital Inc. grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 32.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,269 shares of the information services provider's stock after purchasing an additional 28,246 shares during the quarter. Alphabet makes up about 2.4% of Slow Capital Inc.'s investment portfolio, making the stock its 13th largest position. Slow Capital Inc.'s holdings in Alphabet were worth $17,825,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GOOGL. von Borstel & Associates Inc. bought a new position in shares of Alphabet during the first quarter valued at $28,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Alphabet during the 1st quarter valued at about $39,000. Elite Financial Inc. purchased a new position in shares of Alphabet in the first quarter worth approximately $42,000. Anderson Financial Strategies LLC purchased a new position in shares of Alphabet during the 4th quarter worth $49,000. Finally, EQ Wealth Advisors LLC purchased a new position in Alphabet during the first quarter valued at $49,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $184.38, for a total value of $5,992,350.00. Following the completion of the transaction, the chief executive officer directly owned 2,527,392 shares of the company's stock, valued at $466,000,536.96. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 18,566 shares of the business's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the completion of the transaction, the director directly owned 243,400 shares of the company's stock, valued at approximately $45,213,984. This represents a 7.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 249,409 shares of company stock worth $43,523,710 in the last three months. Corporate insiders own 11.64% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GOOGL shares. Citizens Jmp raised shares of Alphabet from a "market perform" rating to an "outperform" rating and set a $220.00 price objective for the company in a report on Friday, June 27th. BNP Paribas cut Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Westpark Capital upped their target price on Alphabet from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday. Needham & Company LLC increased their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Jefferies Financial Group reduced their price target on Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $210.79.

Alphabet Stock Up 1.9%

NASDAQ:GOOGL traded up $3.67 during midday trading on Thursday, hitting $193.90. 56,671,075 shares of the company were exchanged, compared to its average volume of 36,920,125. The company has a fifty day simple moving average of $174.67 and a 200 day simple moving average of $173.13. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.35 trillion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 1.34 and a beta of 1.00. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The company had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same period in the previous year, the firm earned $1.89 EPS. As a group, equities analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

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.