Alphabet Inc. (NASDAQ:GOOGL) is Bourgeon Capital Management LLC’s 3rd Largest Position

Bourgeon Capital Management LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 112,393 shares of the information services provider’s stock after purchasing an additional 93 shares during the quarter. Alphabet comprises about 4.0% of Bourgeon Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Bourgeon Capital Management LLC’s holdings in Alphabet were worth $21,276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. LMR Partners LLP purchased a new position in Alphabet during the 3rd quarter worth approximately $32,000. Denver PWM LLC raised its position in Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after buying an additional 57 shares during the last quarter. Quarry LP purchased a new position in Alphabet during the 2nd quarter worth approximately $53,000. Teachers Insurance & Annuity Association of America purchased a new position in Alphabet during the 3rd quarter worth approximately $66,000. Finally, Mendota Financial Group LLC grew its stake in shares of Alphabet by 19.0% during the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after purchasing an additional 64 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,084,306 shares of the company’s stock, valued at $369,672,512.16. The trade was a 1.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $197.55, for a total value of $559,856.70. Following the transaction, the chief accounting officer now directly owns 20,681 shares of the company’s stock, valued at approximately $4,085,531.55. This represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock valued at $24,368,654 in the last three months. 11.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on GOOGL. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a research note on Friday, January 10th. Cantor Fitzgerald dropped their price objective on shares of Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. raised their price objective on shares of Alphabet from $212.00 to $232.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. China Renaissance raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Evercore ISI raised their price objective on shares of Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $209.44.

Alphabet Stock Up 1.1 %

Shares of GOOGL opened at $200.21 on Monday. The firm has a market cap of $2.45 trillion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $202.29. The company’s 50-day moving average price is $186.46 and its 200 day moving average price is $173.69. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the previous year, the firm earned $1.55 EPS. On average, sell-side analysts forecast that Alphabet Inc. will post 8.02 earnings per share for the current year.

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.