Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 10.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,417 shares of the information services provider’s stock after purchasing an additional 2,463 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Alphabet were worth $73,784,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. SWS Partners acquired a new position in Alphabet during the first quarter valued at $28,000. Rational Advisors LLC purchased a new position in shares of Alphabet during the 1st quarter valued at about $28,000. IAG Wealth Partners LLC raised its stake in shares of Alphabet by 120.0% during the 1st quarter. IAG Wealth Partners LLC now owns 11 shares of the information services provider’s stock valued at $31,000 after buying an additional 6 shares during the last quarter. Rather & Kittrell Inc. purchased a new position in shares of Alphabet during the 4th quarter valued at about $34,000. Finally, Comprehensive Financial Consultants Institutional Inc. purchased a new position in shares of Alphabet during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 31.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. set a $140.00 price objective on Alphabet in a research note on Thursday, July 21st. Piper Sandler reduced their price objective on Alphabet from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Susquehanna reduced their price objective on Alphabet from $187.00 to $150.00 in a research note on Wednesday, July 27th. The Goldman Sachs Group set a $150.00 price target on Alphabet in a research note on Wednesday, July 27th. Finally, MKM Partners cut their price target on Alphabet from $165.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, July 18th. One investment analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $158.40.

Alphabet Trading Down 0.4 %

Shares of Alphabet stock opened at $122.43 on Tuesday. The stock has a market cap of $1.61 trillion, a P/E ratio of 22.86, a P/E/G ratio of 1.98 and a beta of 1.07. The stock’s 50 day simple moving average is $156.82 and its 200-day simple moving average is $138.11. Alphabet Inc. has a 1-year low of $102.21 and a 1-year high of $152.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 2.78.

Alphabet (NASDAQ:GOOGGet Rating) last issued its earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $26.24 by ($25.03). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same period last year, the firm earned $27.26 EPS. Analysts predict that Alphabet Inc. will post 5.22 EPS for the current fiscal year.

Insider Transactions at Alphabet

In related news, major shareholder 2021 Gp L.L.C. Gv bought 13,528 shares of the stock in a transaction dated Tuesday, May 24th. The shares were acquired at an average cost of $33.72 per share, for a total transaction of $456,164.16. Following the acquisition, the insider now directly owns 593,402 shares in the company, valued at approximately $20,009,515.44. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Alphabet news, Director Ann Mather sold 20 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $2,383.32, for a total value of $47,666.40. Following the sale, the director now owns 565 shares of the company’s stock, valued at $1,346,575.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv bought 13,528 shares of the business’s stock in a transaction on Tuesday, May 24th. The stock was purchased at an average cost of $33.72 per share, for a total transaction of $456,164.16. Following the transaction, the insider now owns 593,402 shares of the company’s stock, valued at $20,009,515.44. The disclosure for this purchase can be found here. Insiders have sold a total of 42,852 shares of company stock worth $15,750,955 in the last ninety days. Insiders own 12.99% of the company’s stock.

Alphabet Company Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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