Alphabet Inc. (NASDAQ:GOOGL) Holdings Boosted by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 518.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 198 shares of the information services provider’s stock after purchasing an additional 166 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in Alphabet were worth $37,000 as of its most recent SEC filing.

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

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the sale, the director now owns 21,824 shares of the company’s stock, valued at $4,142,195.20. The trade was a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,630 shares of company stock worth $22,258,133. 11.55% of the stock is owned by corporate insiders.

Alphabet Price Performance

Shares of GOOGL stock opened at $204.02 on Friday. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $205.48. The company has a market capitalization of $2.50 trillion, a P/E ratio of 27.06, a P/E/G ratio of 1.26 and a beta of 0.98. The stock has a 50 day moving average of $188.97 and a two-hundred day moving average of $174.15. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Stifel Nicolaus boosted their price target on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 13th. BMO Capital Markets restated an “outperform” rating and issued a $217.00 target price (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a research note on Monday, January 27th. Needham & Company LLC boosted their price target on Alphabet from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a research report on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $211.00.

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.