Alphabet Inc. (NASDAQ:GOOGL) Holdings Raised by Financial Management Network Inc.
Financial Management Network Inc. lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,148 shares of the information services provider’s stock after acquiring an additional 1,780 shares during the period. Alphabet comprises approximately 0.8% of Financial Management Network Inc.’s holdings, making the stock its 29th largest holding. Financial Management Network Inc.’s holdings in Alphabet were worth $2,599,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in GOOGL. Prio Wealth Limited Partnership raised its stake in Alphabet by 0.6% during the fourth quarter. Prio Wealth Limited Partnership now owns 478,205 shares of the information services provider’s stock worth $66,800,000 after acquiring an additional 2,742 shares during the period. Wolf Group Capital Advisors lifted its holdings in shares of Alphabet by 7.1% in the 4th quarter. Wolf Group Capital Advisors now owns 20,556 shares of the information services provider’s stock worth $2,871,000 after purchasing an additional 1,369 shares during the last quarter. SNS Financial Group LLC lifted its holdings in shares of Alphabet by 8.9% in the 4th quarter. SNS Financial Group LLC now owns 11,696 shares of the information services provider’s stock worth $1,634,000 after purchasing an additional 955 shares during the last quarter. Durante & Waters LLC bought a new position in Alphabet during the 4th quarter worth $1,074,000. Finally, Nvest Financial LLC increased its position in Alphabet by 4.7% in the fourth quarter. Nvest Financial LLC now owns 26,381 shares of the information services provider’s stock worth $3,685,000 after buying an additional 1,189 shares during the period. 40.03% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the sale, the senior vice president now owns 144,685 shares in the company, valued at $22,566,519.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Prabhakar Raghavan sold 3,258 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the transaction, the senior vice president now owns 144,685 shares in the company, valued at approximately $22,566,519.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 250,739 shares of company stock worth $35,934,957. Corporate insiders own 0.88% of the company’s stock.
Alphabet Trading Up 1.3 %
NASDAQ:GOOGL opened at $152.50 on Friday. The stock has a fifty day simple moving average of $144.20 and a 200 day simple moving average of $138.88. The firm has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 1.39 and a beta of 1.05. Alphabet Inc. has a 1-year low of $102.63 and a 1-year high of $155.74. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same quarter in the previous year, the business earned $1.05 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 6.77 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages have recently issued reports on GOOGL. Wedbush boosted their price target on shares of Alphabet from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Mizuho upped their target price on shares of Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Wolfe Research raised their price target on shares of Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. KeyCorp boosted their price objective on Alphabet from $153.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Finally, JMP Securities raised their target price on Alphabet from $150.00 to $160.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $155.39.
Check Out Our Latest Research Report on GOOGL
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.
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