Client 1ST Advisory Group LLC Acquires 12,606 Shares of Alphabet Inc. (NASDAQ:GOOG)

Client 1ST Advisory Group LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 2,073.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,214 shares of the information services provider’s stock after purchasing an additional 12,606 shares during the quarter. Alphabet comprises 0.8% of Client 1ST Advisory Group LLC’s holdings, making the stock its 21st biggest position. Client 1ST Advisory Group LLC’s holdings in Alphabet were worth $1,271,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Financial Advisors Network Inc. increased its stake in shares of Alphabet by 4.5% during the first quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock worth $450,000 after purchasing an additional 7 shares during the period. Turim 21 Investimentos Ltda. grew its holdings in Alphabet by 10.8% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after buying an additional 8 shares in the last quarter. West Michigan Advisors LLC increased its position in Alphabet by 3.7% during the 1st quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock worth $704,000 after buying an additional 9 shares during the period. Somerville Kurt F lifted its holdings in shares of Alphabet by 10.3% during the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after buying an additional 11 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its position in shares of Alphabet by 1.4% in the first quarter. Stonebridge Capital Advisors LLC now owns 1,182 shares of the information services provider’s stock valued at $3,301,000 after acquiring an additional 16 shares during the period. 28.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

GOOG has been the subject of several analyst reports. JPMorgan Chase & Co. set a $118.00 price objective on shares of Alphabet in a research note on Thursday, February 9th. Piper Sandler reduced their price target on Alphabet from $122.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, February 3rd. Societe Generale dropped their price objective on Alphabet from $147.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, November 30th. Raymond James increased their target price on Alphabet from $116.00 to $119.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Finally, Jefferies Financial Group set a $125.00 price target on Alphabet in a research note on Friday, February 3rd. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.13.

Alphabet Stock Up 4.7 %

Shares of GOOG opened at $101.07 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38. Alphabet Inc. has a 52 week low of $83.45 and a 52 week high of $144.16. The stock has a market capitalization of $1.29 trillion, a price-to-earnings ratio of 22.21, a PEG ratio of 1.27 and a beta of 1.09. The stock has a fifty day moving average of $95.41 and a 200-day moving average of $96.87.

Alphabet (NASDAQ:GOOG – Get Rating) last issued its earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The firm had revenue of $76.05 billion during the quarter, compared to analyst estimates of $76.49 billion. During the same period in the previous year, the company earned $1.53 EPS. Alphabet’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Alphabet Inc. will post 5.12 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Prabhakar Raghavan sold 22,203 shares of Alphabet stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the sale, the senior vice president now directly owns 76,579 shares in the company, valued at approximately $6,872,965.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Prabhakar Raghavan sold 22,203 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total value of $1,992,719.25. Following the completion of the sale, the senior vice president now directly owns 76,579 shares in the company, valued at $6,872,965.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the stock in a transaction that occurred on Monday, March 13th. The shares were bought at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the transaction, the insider now owns 1,709,527 shares in the company, valued at $50,072,045.83. The disclosure for this purchase can be found here. Insiders sold 74,245 shares of company stock valued at $7,174,078 over the last quarter. 12.99% of the stock is owned by company insiders.

Alphabet Company Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.