Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 52.38% of Alphabet Inc Class A (GOOGL)’s shares, while financial institutions hold 37.90%.

Scotiabank (TSX:BNS) analyst Nat Schindler adjusted the price target for Alphabet (NASDAQ:GOOGL) Inc. (NASDAQ:GOOG), increasing it to $240 from the previous $212, while maintaining a Sector Outperform rating on the shares.