Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Raised by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. grew its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,409 shares of the information services provider’s stock after acquiring an additional 1,970 shares during the quarter. Alphabet comprises about 3.0% of Asahi Life Asset Management CO. LTD.’s portfolio, making the stock its 6th largest position. Asahi Life Asset Management CO. LTD.’s holdings in Alphabet were worth $9,036,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bornite Capital Management LP bought a new stake in shares of Alphabet in the 1st quarter valued at about $16,688,000. Markel Corp raised its position in Alphabet by 17.0% during the 1st quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock worth $43,110,000 after buying an additional 2,250 shares during the last quarter. United Bank raised its position in Alphabet by 5.9% during the 1st quarter. United Bank now owns 2,033 shares of the information services provider’s stock worth $5,654,000 after buying an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Alphabet by 23.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock worth $900,929,000 after buying an additional 61,427 shares during the last quarter. Finally, Dakota Wealth Management increased its holdings in shares of Alphabet by 20.4% during the 1st quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock valued at $25,806,000 after purchasing an additional 1,570 shares in the last quarter. Hedge funds and other institutional investors own 34.06% of the company’s stock.

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,922 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $14.13, for a total value of $1,242,337.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was acquired at an average price of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the acquisition, the insider now directly owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,922 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $14.13, for a total value of $1,242,337.86. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 732,217 shares of company stock valued at $21,135,371 and sold 753,384 shares valued at $30,574,577. Company insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GOOGL shares. Evercore ISI lifted their target price on shares of Alphabet from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Morgan Stanley boosted their price target on shares of Alphabet from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, April 26th. Rosenblatt Securities lowered their price target on shares of Alphabet from $130.00 to $128.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. JMP Securities restated a “market outperform” rating and issued a $132.00 price objective on shares of Alphabet in a report on Thursday, March 16th. Finally, Stifel Nicolaus assumed coverage on shares of Alphabet in a research note on Monday, March 20th. They set a “buy” rating and a $130.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.56.

Alphabet Trading Up 2.1 %

NASDAQ:GOOGL opened at $123.48 on Friday. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $126.43. The stock has a market cap of $1.57 trillion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.54 and a beta of 1.10. The business has a fifty day moving average of $108.64 and a 200-day moving average of $99.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.11. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The company had revenue of $69.79 billion during the quarter, compared to analysts’ expectations of $57.19 billion. During the same quarter in the prior year, the business posted $1.23 earnings per share. Equities analysts predict that Alphabet Inc. will post 5.41 earnings per share for the current year.

Alphabet Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.