Bensler LLC Raises Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Bensler LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,072 shares of the information services provider’s stock after purchasing an additional 6,763 shares during the quarter. Alphabet makes up 2.3% of Bensler LLC’s investment portfolio, making the stock its 10th biggest holding. Bensler LLC’s holdings in Alphabet were worth $19,322,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. LMR Partners LLP bought a new position in Alphabet in the third quarter worth approximately $32,000. E Fund Management Hong Kong Co. Ltd. grew its position in Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 166 shares during the period. Denver PWM LLC grew its position in Alphabet by 25.4% in the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 57 shares during the period. Quarry LP acquired a new stake in Alphabet in the 2nd quarter valued at $53,000. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in Alphabet in the 3rd quarter valued at $66,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the sale, the director now owns 319,966 shares of the company’s stock, valued at approximately $56,765,168.06. The trade was a 3.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total transaction of $3,975,075.00. Following the sale, the chief executive officer now directly owns 2,061,806 shares in the company, valued at $364,259,266.02. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,029 shares of company stock valued at $18,462,883. Corporate insiders own 11.55% of the company’s stock.

Alphabet Price Performance

GOOGL stock opened at $206.38 on Wednesday. The firm’s 50-day moving average price is $189.64 and its two-hundred day moving average price is $174.20. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $207.05. The stock has a market capitalization of $2.53 trillion, a price-to-earnings ratio of 27.37, a PEG ratio of 1.31 and a beta of 0.99. 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 released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. As a group, equities analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several research reports. Wolfe Research lifted their price target on shares of Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Evercore ISI lifted their price objective on shares of Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Pivotal Research lifted their target price on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Bank of America reiterated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. Finally, Stifel Nicolaus increased their target price on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Nine equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $211.00.

Alphabet 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.