BSN CAPITAL PARTNERS Ltd Purchases 2,000,000 Shares of Alphabet Inc. (NASDAQ:GOOGL)

BSN CAPITAL PARTNERS Ltd raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 133.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,500,000 shares of the information services provider’s stock after acquiring an additional 2,000,000 shares during the quarter. Alphabet comprises about 25.7% of BSN CAPITAL PARTNERS Ltd’s portfolio, making the stock its biggest holding. BSN CAPITAL PARTNERS Ltd’s holdings in Alphabet were worth $479,625,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Live Oak Investment Partners acquired a new position in shares of Alphabet during the 4th quarter worth approximately $26,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Alphabet during the 4th quarter worth approximately $34,000. Turim 21 Investimentos Ltda. acquired a new position in shares of Alphabet during the 3rd quarter worth approximately $38,000. Meritage Group LP boosted its holdings in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the last quarter. Finally, Macroview Investment Management LLC boosted its holdings in shares of Alphabet by 165.8% during the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after purchasing an additional 199 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Down 1.1 %

Alphabet stock opened at $157.73 on Friday. Alphabet Inc. has a twelve month low of $102.63 and a twelve month high of $160.22. The stock’s fifty day simple moving average is $145.33 and its 200-day simple moving average is $139.80. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.96 trillion, a P/E ratio of 27.19, a P/E/G ratio of 1.47 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same quarter in the prior year, the company earned $1.05 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on GOOGL. Susquehanna upped their price objective on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Wolfe Research upped their price objective on Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Rosenblatt Securities decreased their price objective on Alphabet from $174.00 to $172.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $155.00 price objective on shares of Alphabet in a report on Wednesday, January 31st. Finally, Redburn Atlantic upped their price objective on Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.61.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the completion of the transaction, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the completion of the transaction, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the transaction, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 250,539 shares of company stock worth $35,906,259. Corporate insiders own 0.88% of the company’s stock.

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.