Amalgamated Bank boosted its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,996.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,658,338 shares of the information services provider's stock after buying an additional 1,579,250 shares during the period. Alphabet makes up about 1.5% of Amalgamated Bank's holdings, making the stock its 5th biggest position. Amalgamated Bank's holdings in Alphabet were worth $158,620,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in shares of Alphabet by 1,955.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 61,134,061 shares of the information services provider's stock worth $5,847,474,000 after purchasing an additional 58,159,150 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Alphabet by 1,928.6% during the 3rd quarter. Fisher Asset Management LLC now owns 42,474,883 shares of the information services provider's stock worth $4,062,723,000 after buying an additional 40,381,114 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Alphabet by 1,690.3% during the 3rd quarter. Jennison Associates LLC now owns 26,231,920 shares of the information services provider's stock worth $2,509,083,000 after buying an additional 24,766,730 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Alphabet by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 23,304,411 shares of the information services provider's stock worth $64,817,723,000 after buying an additional 331,945 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt raised its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 19,286,000 shares of the information services provider's stock worth $1,845,092,000 after buying an additional 18,321,700 shares during the last quarter. 34.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GOOGL has been the subject of several research reports. Tigress Financial cut their price target on Alphabet from $186.00 to $160.00 and set a "strong-buy" rating for the company in a research note on Friday, January 6th. Wells Fargo & Company lifted their price target on Alphabet from $145.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, February 3rd. Morgan Stanley boosted their target price on shares of Alphabet from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Friday, February 3rd. Bank of America boosted their target price on shares of Alphabet from $116.00 to $119.00 and gave the company a "buy" rating in a research note on Tuesday, January 31st. Finally, Rosenblatt Securities cut their target price on shares of Alphabet from $130.00 to $128.00 and set a "buy" rating for the company in a research note on Friday, February 3rd. Five equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $132.32.

Alphabet Trading Up 0.3 %

NASDAQ:GOOGL opened at $90.36 on Thursday. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $143.79. The stock has a market cap of $1.16 trillion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.24 and a beta of 1.08. The business has a fifty day moving average of $93.48 and a 200-day moving average of $97.95. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.09). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The business had revenue of $76.05 billion during the quarter, compared to the consensus estimate of $63.15 billion. During the same period in the previous year, the company posted $1.53 EPS. Equities analysts predict that Alphabet Inc. will post 5.12 earnings per share for the current year.

Insider Activity at Alphabet

In related news, Director Ann Mather sold 380 shares of the firm's stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $89.24, for a total transaction of $33,911.20. Following the completion of the transaction, the director now owns 11,300 shares of the company's stock, valued at $1,008,412. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Ann Mather sold 380 shares of the company's stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $89.24, for a total transaction of $33,911.20. Following the completion of the sale, the director now directly owns 11,300 shares of the company's stock, valued at $1,008,412. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 855 shares of the company's stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the sale, the chief accounting officer now directly owns 25,122 shares of the company's stock, valued at $2,289,870.30. The disclosure for this sale can be found here. Insiders sold 36,745 shares of company stock valued at $3,424,078 over the last 90 days. 11.44% of the stock is currently owned by corporate insiders.

About Alphabet

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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.

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