Alphabet Inc. (NASDAQ:GOOGL) is Mutual of America Capital Management LLC's 6th Largest Position

Mutual of America Capital Management LLC decreased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 791,969 shares of the information services provider's stock after selling 38,298 shares during the quarter. Alphabet makes up about 1.3% of Mutual of America Capital Management LLC's investment portfolio, making the stock its 6th largest position. Mutual of America Capital Management LLC's holdings in Alphabet were worth $110,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Bornite Capital Management LP acquired a new position in Alphabet in the first quarter worth $16,688,000. Markel Corp raised its position in shares of Alphabet by 17.0% during the first quarter. Markel Corp now owns 15,500 shares of the information services provider's stock worth $43,110,000 after acquiring an additional 2,250 shares during the last quarter. United Bank raised its position in shares of Alphabet by 5.9% during the first quarter. United Bank now owns 2,033 shares of the information services provider's stock worth $5,654,000 after acquiring an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Alphabet by 23.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider's stock worth $900,929,000 after acquiring an additional 61,427 shares during the last quarter. Finally, Dakota Wealth Management raised its position in shares of Alphabet by 20.4% during the first quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider's stock worth $25,806,000 after acquiring an additional 1,570 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on GOOGL shares. KeyCorp upped their price objective on Alphabet from $153.00 to $165.00 and gave the company an "overweight" rating in a report on Monday, January 29th. Mizuho upped their price objective on Alphabet from $155.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, January 17th. Susquehanna increased their price target on Alphabet from $150.00 to $170.00 and gave the stock a "positive" rating in a report on Wednesday, January 31st. BMO Capital Markets restated an "outperform" rating and issued a $185.00 price target (up from $178.00) on shares of Alphabet in a report on Wednesday, April 10th. Finally, Redburn Atlantic increased their price target on Alphabet from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $157.97.

Alphabet Stock Performance

NASDAQ:GOOGL traded up $0.54 on Thursday, hitting $156.01. The company's stock had a trading volume of 19,873,584 shares, compared to its average volume of 30,106,695. The stock has a fifty day moving average of $145.95 and a two-hundred day moving average of $140.29. The firm has a market capitalization of $1.94 trillion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05. Alphabet Inc. has a one year low of $102.63 and a one year high of $160.22. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter last year, the business posted $1.05 EPS. Research analysts predict that Alphabet Inc. will post 6.78 earnings per share for the current year.

Insider Activity at Alphabet

In other Alphabet news, CFO Ruth Porat sold 48,077 shares of Alphabet stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the transaction, the chief financial officer now directly owns 1,777,106 shares of the company's stock, valued at approximately $243,854,485.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, CFO Ruth Porat sold 48,077 shares of Alphabet stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the transaction, the chief financial officer now directly owns 1,777,106 shares of the company's stock, valued at approximately $243,854,485.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares of the company's stock, valued at $2,326,922.24. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock valued at $36,377,482 in the last 90 days. 0.88% of the stock is owned by corporate insiders.

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.