Alphabet Inc. (NASDAQ:GOOGL) is Mutual of America Capital Management LLC’s 6th Largest Position

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Mutual of America Capital Management LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,137 shares of the information services provider’s stock after buying an additional 418 shares during the quarter. Alphabet makes up approximately 1.2% of Mutual of America Capital Management LLC’s portfolio, making the stock its 6th biggest position. Mutual of America Capital Management LLC’s holdings in Alphabet were worth $111,635,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ascent Wealth Partners LLC boosted its stake in Alphabet by 15.5% in the first quarter. Ascent Wealth Partners LLC now owns 2,537 shares of the information services provider’s stock worth $7,057,000 after buying an additional 340 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Alphabet by 4.8% during the first quarter. Steward Partners Investment Advisory LLC now owns 40,211 shares of the information services provider’s stock valued at $111,841,000 after purchasing an additional 1,857 shares during the period. Pinnacle Financial Partners Inc. boosted its stake in shares of Alphabet by 6.3% during the first quarter. Pinnacle Financial Partners Inc. now owns 17,397 shares of the information services provider’s stock valued at $48,387,000 after purchasing an additional 1,032 shares during the period. Thrive Wealth Management LLC boosted its stake in shares of Alphabet by 18.0% during the first quarter. Thrive Wealth Management LLC now owns 348 shares of the information services provider’s stock valued at $968,000 after purchasing an additional 53 shares during the period. Finally, Eagle Strategies LLC boosted its stake in shares of Alphabet by 26.0% during the first quarter. Eagle Strategies LLC now owns 131 shares of the information services provider’s stock valued at $364,000 after purchasing an additional 27 shares during the period. Hedge funds and other institutional investors own 41.70% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of analyst reports. Truist Financial dropped their price objective on Alphabet from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday. KeyCorp dropped their price objective on Alphabet from $153.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday. Piper Sandler dropped 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. Itau BBA Securities assumed coverage on Alphabet in a research note on Tuesday. They set a “market perform” rating and a $113.00 price objective for the company. Finally, Itaú Unibanco assumed coverage on Alphabet in a research note on Tuesday. They issued a “market perform” rating and a $113.00 price target for the company. Five research analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $149.08.

Insider Transactions at Alphabet

In other news, SVP Prabhakar Raghavan sold 490 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $2,335.30, for a total value of $1,144,297.00. Following the sale, the senior vice president now owns 497 shares in the company, valued at $1,160,644.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 490 shares of the stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $2,335.30, for a total transaction of $1,144,297.00. Following the transaction, the senior vice president now owns 497 shares in the company, valued at $1,160,644.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 300 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $108.94, for a total value of $32,682.00. Following the transaction, the director now owns 11,360 shares in the company, valued at approximately $1,237,558.40. The disclosure for this sale can be found here. Insiders have sold 6,039 shares of company stock worth $12,649,005 over the last quarter. 11.44% of the stock is currently owned by insiders.

Alphabet Stock Performance

NASDAQ GOOGL opened at $113.06 on Thursday. The business’s 50 day moving average price is $154.24 and its 200-day moving average price is $139.07. Alphabet Inc. has a fifty-two week low of $101.88 and a fifty-two week high of $151.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.85 and a current ratio of 2.87. The company has a market cap of $1.49 trillion, a P/E ratio of 20.45, a P/E/G ratio of 1.12 and a beta of 1.10.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.11). Alphabet had a net margin of 27.57% and a return on equity of 30.18%. During the same period last year, the business earned $27.26 EPS. Sell-side analysts predict that Alphabet Inc. will post 5.37 earnings per share for the current year.

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.

Further Reading

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