Adams Diversified Equity Fund Inc. lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 736,900 shares of the information services provider's stock after selling 97,400 shares during the period. Alphabet makes up 3.1% of Adams Diversified Equity Fund Inc.'s portfolio, making the stock its 3rd biggest position. Adams Diversified Equity Fund Inc.'s holdings in Alphabet were worth $65,017,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GOOGL. VitalStone Financial LLC bought a new position in shares of Alphabet in the 4th quarter worth about $25,000. IAG Wealth Partners LLC lifted its position in shares of Alphabet by 3,275.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider's stock worth $26,000 after buying an additional 262 shares during the last quarter. Artemis Wealth Advisors LLC lifted its position in shares of Alphabet by 1,900.0% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider's stock worth $27,000 after buying an additional 266 shares during the last quarter. Laurel Wealth Planning LLC lifted its position in shares of Alphabet by 1,900.0% in the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider's stock worth $29,000 after buying an additional 285 shares during the last quarter. Finally, Coston McIsaac & Partners lifted its position in Alphabet by 1,900.0% in the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider's stock valued at $30,000 after purchasing an additional 304 shares during the last quarter. 34.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on GOOGL. BNP Paribas upgraded shares of Alphabet from a "neutral" rating to an "outperform" rating and set a $123.00 price objective on the stock in a research report on Friday, March 17th. Loop Capital raised their target price on shares of Alphabet from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, February 8th. Roth Capital reiterated a "buy" rating on shares of Alphabet in a report on Friday, February 3rd. Rosenblatt Securities dropped their target price on Alphabet from $130.00 to $128.00 and set a "buy" rating on the stock in a report on Friday, February 3rd. Finally, Credit Suisse Group decreased their price target on Alphabet from $136.00 to $135.00 and set an "outperform" rating for the company in a research note on Wednesday, April 26th. Three equities research analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.06.

Alphabet Stock Performance

Alphabet stock opened at $107.20 on Tuesday. The stock has a 50-day simple moving average of $100.46 and a 200 day simple moving average of $96.68. The company has a quick ratio of 2.34, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $122.85. The stock has a market capitalization of $1.37 trillion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 1.39 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.11. The firm had revenue of $69.79 billion during the quarter, compared to analysts' expectations of $57.19 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. During the same period in the previous year, the business posted $1.23 EPS. On average, research analysts anticipate that Alphabet Inc. will post 5.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alphabet news, Director Ann Mather sold 380 shares of the business's stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $90.05, for a total transaction of $34,219.00. Following the completion of the sale, the director now directly owns 11,300 shares of the company's stock, valued at approximately $1,017,565. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Amie Thuener O'toole sold 637 shares of the business's stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $90.15, for a total value of $57,425.55. Following the completion of the transaction, the chief accounting officer now directly owns 25,442 shares in the company, valued at approximately $2,293,596.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 380 shares of the business's stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the transaction, the director now owns 11,300 shares of the company's stock, valued at $1,017,565. The disclosure for this sale can be found here. In the last three months, insiders sold 100,539 shares of company stock valued at $10,209,164. 11.44% of the stock is currently owned by insiders.

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.

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