ERTS Wealth Advisors LLC bought a new stake in Alphabet Inc (NASDAQ:GOOG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 121 shares of the information services provider’s stock, valued at approximately $125,000.
Several other institutional investors also recently modified their holdings of the company. UMA Financial Services Inc. purchased a new stake in Alphabet in the 3rd quarter valued at $333,000. Voya Financial Advisors Inc. raised its position in Alphabet by 3.4% in the 3rd quarter. Voya Financial Advisors Inc. now owns 6,809 shares of the information services provider’s stock valued at $8,340,000 after purchasing an additional 222 shares during the last quarter. State Street Corp raised its position in Alphabet by 0.7% in the 3rd quarter. State Street Corp now owns 11,764,670 shares of the information services provider’s stock valued at $14,341,133,000 after purchasing an additional 81,768 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its position in Alphabet by 0.4% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 6,634 shares of the information services provider’s stock valued at $8,087,000 after purchasing an additional 29 shares during the last quarter. Finally, MV Capital Management Inc. raised its position in Alphabet by 7.3% in the 3rd quarter. MV Capital Management Inc. now owns 322 shares of the information services provider’s stock valued at $393,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds own 33.53% of the company’s stock.
Several analysts recently commented on the stock. Pivotal Research upped their price target on shares of Alphabet from $1,650.00 to $1,700.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Mizuho upped their price objective on shares of Alphabet from $1,450.00 to $1,650.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. UBS Group restated a “buy” rating on shares of Alphabet in a research report on Tuesday, February 4th. Piper Jaffray Companies assumed coverage on shares of Alphabet in a research report on Tuesday, December 3rd. They set an “overweight” rating and a $1,500.00 price objective for the company. Finally, Credit Suisse Group restated a “buy” rating on shares of Alphabet in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Alphabet presently has an average rating of “Buy” and an average target price of $1,581.81.
In related news, CAO Amie Thuener O’toole sold 61 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $1,397.68, for a total value of $85,258.48. Following the sale, the chief accounting officer now directly owns 388 shares of the company’s stock, valued at approximately $542,299.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Capitalg Lp sold 2,085,172 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $52.59, for a total transaction of $109,659,195.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,204,053 shares of company stock worth $335,936,779. Corporate insiders own 12.99% of the company’s stock.
Shares of NASDAQ:GOOG traded up $40.02 on Thursday, reaching $1,142.51. 1,922,057 shares of the company were exchanged, compared to its average volume of 3,222,223. The company has a current ratio of 3.37, a quick ratio of 3.35 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 1-year low of $1,013.54 and a 1-year high of $1,532.11. The firm has a market cap of $779.70 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02. The company has a 50-day moving average of $1,342.87 and a 200-day moving average of $1,321.06.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, February 3rd. The information services provider reported $15.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $12.76 by $2.59. Alphabet had a net margin of 21.22% and a return on equity of 18.66%. The business had revenue of $46.08 billion for the quarter, compared to analysts’ expectations of $46.87 billion. During the same period in the prior year, the company posted $10.95 EPS. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. As a group, analysts forecast that Alphabet Inc will post 52.67 earnings per share for the current year.
Alphabet Company Profile
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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