Alphabet Inc. (NASDAQ:GOOG) Shares Bought by DT Investment Partners LLC

DT Investment Partners LLC increased its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 57.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,740 shares of the information services provider's stock after buying an additional 5,400 shares during the quarter. DT Investment Partners LLC's holdings in Alphabet were worth $2,256,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GOOG. JPMorgan Chase & Co. increased its stake in Alphabet by 11.3% in the third quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider's stock worth $12,649,838,000 after purchasing an additional 9,703,425 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Alphabet during the fourth quarter valued at $11,600,970,000. FMR LLC increased its stake in shares of Alphabet by 3.8% during the third quarter. FMR LLC now owns 120,234,117 shares of the information services provider's stock valued at $15,852,868,000 after buying an additional 4,348,188 shares during the period. Cerity Partners LLC increased its stake in shares of Alphabet by 198.7% during the fourth quarter. Cerity Partners LLC now owns 3,882,882 shares of the information services provider's stock valued at $547,215,000 after buying an additional 2,583,128 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Alphabet by 93.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,591,383 shares of the information services provider's stock valued at $647,064,000 after buying an additional 2,222,950 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Alphabet Stock Up 1.4 %

GOOG traded up $2.23 on Monday, hitting $157.95. The company had a trading volume of 17,228,234 shares, compared to its average volume of 22,153,746. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 1.44 and a beta of 1.05. The stock has a fifty day moving average price of $147.65 and a 200-day moving average price of $142.12. Alphabet Inc. has a 12-month low of $103.27 and a 12-month high of $161.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the company earned $1.05 earnings per share. Analysts predict that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O'toole sold 660 shares of the firm's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares of the company's stock, valued at $4,009,032.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the completion of the sale, the chief executive officer now owns 2,377,691 shares of the company's stock, valued at $347,832,416.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 660 shares of Alphabet stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares of the company's stock, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 251,339 shares of company stock valued at $36,377,482. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several research reports. Morgan Stanley restated an "overweight" rating and set a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Susquehanna raised their price target on Alphabet from $150.00 to $170.00 and gave the company a "positive" rating in a research note on Wednesday, January 31st. Raymond James raised their price target on Alphabet from $150.00 to $160.00 and gave the company an "outperform" rating in a research note on Wednesday, January 24th. Oppenheimer lifted their target price on Alphabet from $172.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus lifted their target price on Alphabet from $154.00 to $174.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $159.86.

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.