Alphabet Inc. (NASDAQ:GOOGL) is Invesco Ltd.’s 4th Largest Position

Invesco Ltd. grew its stake in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 14.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,292,059 shares of the information services provider’s stock after buying an additional 283,907 shares during the period. Alphabet makes up about 1.6% of Invesco Ltd.’s holdings, making the stock its 4th biggest holding. Invesco Ltd. owned 0.35% of Alphabet worth $6,640,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in GOOGL. Morling Financial Advisors LLC purchased a new stake in shares of Alphabet in the 4th quarter valued at $29,000. West Bancorporation Inc. purchased a new stake in shares of Alphabet in the 4th quarter valued at $29,000. NS Partners Ltd purchased a new stake in shares of Alphabet in the 4th quarter worth about $41,000. Schubert & Co purchased a new stake in shares of Alphabet in the 4th quarter worth about $43,000. Finally, AHL Investment Management Inc. purchased a new stake in shares of Alphabet in the 4th quarter worth about $46,000. 41.70% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on the stock. Barclays dropped their target price on shares of Alphabet from $3,300.00 to $3,200.00 and set an “overweight” rating for the company in a research report on Wednesday, April 27th. Royal Bank of Canada raised their target price on shares of Alphabet from $3,400.00 to $3,500.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 2nd. Truist Financial dropped their target price on shares of Alphabet from $3,600.00 to $3,500.00 and set a “buy” rating for the company in a research report on Wednesday, April 27th. KeyCorp decreased their price target on shares of Alphabet from $3,400.00 to $3,075.00 and set an “overweight” rating for the company in a research note on Wednesday, April 20th. Finally, BMO Capital Markets dropped their price objective on shares of Alphabet from $3,300.00 to $3,000.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 27th. Three equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $3,337.74.

NASDAQ GOOGL traded down $29.52 during trading on Friday, reaching $2,178.16. 2,445,197 shares of the company’s stock traded hands, compared to its average volume of 2,202,102. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.87 and a quick ratio of 2.85. The firm has a market cap of $1.43 trillion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 1.03 and a beta of 1.13. The company’s 50 day simple moving average is $2,535.65 and its two-hundred day simple moving average is $2,708.83. Alphabet Inc. has a 12-month low of $2,115.93 and a 12-month high of $3,030.93.

Alphabet’s stock is set to split before the market opens on Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly minted shares will be issued to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The information services provider reported $24.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $25.51 by ($0.89). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same quarter in the previous year, the company posted $26.29 earnings per share. Research analysts expect that Alphabet Inc. will post 112.62 earnings per share for the current fiscal year.

In other news, major shareholder 2021 Gp L.L.C. Gv bought 255,647 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average cost of $34.65 per share, for a total transaction of $8,858,168.55. Following the purchase, the insider now directly owns 479,695 shares in the company, valued at approximately $16,621,431.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Brin Sergey sold 2,639 shares of the business’s stock in a transaction on Monday, April 11th. The shares were sold at an average price of $2,632.28, for a total transaction of $6,946,586.92. Following the completion of the transaction, the director now owns 18,599,842 shares of the company’s stock, valued at $48,959,992,099.76. The disclosure for this sale can be found here. Insiders sold a total of 550,261 shares of company stock valued at $21,637,779 over the last quarter. 13.20% of the stock is owned by company insiders.

Alphabet Company Profile (Get Rating)

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:GOOGL)

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