Sutton Place Investors LLC Buys Shares of 12,927 Alphabet Inc. (NASDAQ:GOOGL)

Sutton Place Investors LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,927 shares of the information services provider's stock, valued at approximately $1,806,000. Alphabet accounts for about 1.3% of Sutton Place Investors LLC's investment portfolio, making the stock its 20th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sapient Capital LLC acquired a new position in shares of Alphabet during the 4th quarter worth about $78,782,000. Round Rock Advisors LLC raised its position in shares of Alphabet by 74.1% during the 4th quarter. Round Rock Advisors LLC now owns 10,745 shares of the information services provider's stock worth $1,501,000 after purchasing an additional 4,575 shares during the last quarter. Petra Financial Advisors Inc. raised its position in shares of Alphabet by 6.7% during the 4th quarter. Petra Financial Advisors Inc. now owns 2,222 shares of the information services provider's stock worth $310,000 after purchasing an additional 140 shares during the last quarter. Morton Brown Family Wealth LLC raised its position in shares of Alphabet by 900.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 800 shares of the information services provider's stock worth $112,000 after purchasing an additional 720 shares during the last quarter. Finally, Janiczek Wealth Management LLC raised its position in shares of Alphabet by 1.3% during the 4th quarter. Janiczek Wealth Management LLC now owns 13,861 shares of the information services provider's stock worth $1,936,000 after purchasing an additional 181 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on GOOGL shares. Redburn Atlantic upped their price objective on shares of Alphabet from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, January 31st. JMP Securities reaffirmed a "market outperform" rating and set a $160.00 price objective on shares of Alphabet in a research note on Wednesday, April 10th. Susquehanna upped their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a "positive" rating in a research note on Wednesday, January 31st. Wells Fargo & Company dropped their price objective on shares of Alphabet from $144.00 to $141.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 3rd. Finally, UBS Group increased their price target on shares of Alphabet from $150.00 to $166.00 and gave the company a "neutral" rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $158.41.

Insider Activity

In other Alphabet news, Director Frances Arnold sold 230 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares of the company's stock, valued at approximately $2,326,922.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alphabet news, Director Frances Arnold sold 230 shares of the company's stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now owns 15,104 shares in the company, valued at approximately $2,326,922.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the sale, the chief executive officer now directly owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 251,339 shares of company stock valued at $36,377,482. Insiders own 0.88% of the company's stock.

Alphabet Stock Down 1.2 %

GOOGL traded down $1.92 on Friday, reaching $154.09. The company's stock had a trading volume of 32,589,839 shares, compared to its average volume of 30,139,635. The stock has a 50 day moving average of $146.26 and a two-hundred day moving average of $140.54. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 1.43 and a beta of 1.05. Alphabet Inc. has a fifty-two week low of $102.63 and a fifty-two week high of $160.22.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $70.77 billion. During the same period in the prior year, the firm earned $1.05 EPS. As a group, analysts forecast that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

About Alphabet

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.