Triasima Portfolio Management inc. raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,291 shares of the information services provider's stock after purchasing an additional 4,667 shares during the period. Alphabet comprises 1.7% of Triasima Portfolio Management inc.'s investment portfolio, making the stock its 14th biggest position. Triasima Portfolio Management inc.'s holdings in Alphabet were worth $8,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. Kintayl Capital LP purchased a new position in shares of Alphabet during the first quarter worth approximately $394,000. Shayne & Jacobs LLC grew its stake in shares of Alphabet by 5.5% during the 1st quarter. Shayne & Jacobs LLC now owns 27,747 shares of the information services provider's stock worth $4,291,000 after purchasing an additional 1,440 shares during the period. Altman Advisors Inc. increased its holdings in Alphabet by 35.2% in the first quarter. Altman Advisors Inc. now owns 35,254 shares of the information services provider's stock valued at $5,598,000 after buying an additional 9,180 shares in the last quarter. Grandfield & Dodd LLC increased its position in shares of Alphabet by 11.3% in the first quarter. Grandfield & Dodd LLC now owns 116,983 shares of the information services provider's stock valued at $18,090,000 after buying an additional 11,922 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in shares of Alphabet by 2.0% in the first quarter. Cullen Frost Bankers Inc. now owns 650,623 shares of the information services provider's stock valued at $100,612,000 after purchasing an additional 12,976 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.
Insider Buying and Selling at Alphabet
In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the sale, the chief executive officer directly owned 2,559,892 shares in the company, valued at $456,991,919.84. The trade was a 1.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 18,566 shares of the company's stock in a transaction dated 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 sale, the director directly owned 243,400 shares in the company, valued at approximately $45,213,984. This trade represents a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 249,409 shares of company stock valued at $43,523,710. 11.64% of the stock is owned by corporate insiders.
Alphabet Stock Performance
NASDAQ:GOOGL traded up $1.94 during trading on Thursday, reaching $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 firm has a market cap of $2.33 trillion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 1.33 and a beta of 1.00. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a 50 day moving average of $175.23 and a 200-day moving average of $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 EPS for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 31.12% and a return on equity of 35.22%. The business had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the previous year, the firm posted $1.89 earnings per share. Research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on GOOGL. Truist Financial reissued a "buy" rating and issued a $200.00 price objective on shares of Alphabet in a research report on Wednesday, July 2nd. BMO Capital Markets upped their price target on shares of Alphabet from $208.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday. Stifel Nicolaus lifted their price target on shares of Alphabet from $200.00 to $218.00 and gave the stock a "buy" rating in a research note on Tuesday. Westpark Capital raised their price objective on shares of Alphabet from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Barclays raised their price objective on Alphabet from $220.00 to $235.00 and gave the stock an "overweight" rating in a research note on Thursday. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $211.32.
Get Our Latest Stock Report on Alphabet
About Alphabet
(
Free Report)
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.
Featured Articles

Before you consider Alphabet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.
While Alphabet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report