Alphabet Inc. (NASDAQ:GOOGL) Holdings Lifted by Fulton Bank N.A.

Fulton Bank N.A. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,293 shares of the information services provider’s stock after buying an additional 2,207 shares during the quarter. Alphabet accounts for approximately 0.8% of Fulton Bank N.A.’s holdings, making the stock its 25th biggest position. Fulton Bank N.A.’s holdings in Alphabet were worth $14,143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. HBW Advisory Services LLC grew its holdings in shares of Alphabet by 709.7% during the fourth quarter. HBW Advisory Services LLC now owns 32,058 shares of the information services provider’s stock valued at $2,828,000 after buying an additional 28,099 shares in the last quarter. Bartlett & Co. LLC boosted its position in Alphabet by 1.9% during the fourth quarter. Bartlett & Co. LLC now owns 423,730 shares of the information services provider’s stock valued at $37,385,000 after purchasing an additional 7,857 shares during the last quarter. Norman Fields Gottscho Capital Management LLC boosted its position in Alphabet by 0.4% during the fourth quarter. Norman Fields Gottscho Capital Management LLC now owns 33,311 shares of the information services provider’s stock valued at $2,939,000 after purchasing an additional 132 shares during the last quarter. Red Spruce Capital LLC boosted its position in Alphabet by 4.0% during the fourth quarter. Red Spruce Capital LLC now owns 77,208 shares of the information services provider’s stock valued at $6,812,000 after purchasing an additional 2,972 shares during the last quarter. Finally, LVM Capital Management Ltd. MI boosted its position in Alphabet by 1.5% during the fourth quarter. LVM Capital Management Ltd. MI now owns 134,150 shares of the information services provider’s stock valued at $11,836,000 after purchasing an additional 1,960 shares during the last quarter. Hedge funds and other institutional investors own 34.06% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, SVP Prabhakar Raghavan sold 22,203 shares of the company’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the transaction, the senior vice president now owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 22,203 shares of the company’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the transaction, the senior vice president now owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 11,313 shares of the company’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $100.00, for a total value of $1,131,300.00. Following the transaction, the insider now directly owns 41,970 shares in the company, valued at approximately $4,197,000. The disclosure for this sale can be found here. Insiders have sold a total of 74,245 shares of company stock worth $7,174,078 in the last three months. Insiders own 11.44% of the company’s stock.

Alphabet Stock Up 1.3 %

NASDAQ GOOGL opened at $101.62 on Friday. The firm has a market cap of $1.30 trillion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 1.30 and a beta of 1.09. Alphabet Inc. has a one year low of $83.34 and a one year high of $143.79. The stock’s 50 day simple moving average is $95.08 and its 200 day simple moving average is $96.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). The business had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $63.15 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. During the same quarter last year, the company earned $1.53 earnings per share. As a group, sell-side analysts forecast that Alphabet Inc. will post 5.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GOOGL. JMP Securities reissued a “market outperform” rating and set a $132.00 price objective on shares of Alphabet in a research report on Thursday. StockNews.com began coverage on Alphabet in a research report on Thursday. They set a “hold” rating for the company. Jefferies Financial Group reissued a “buy” rating and set a $130.00 price objective on shares of Alphabet in a research report on Friday, February 10th. Evercore ISI reduced their price target on Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, December 21st. Finally, MKM Partners boosted their price target on Alphabet from $120.00 to $126.00 in a research report on Friday, February 3rd. Four analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $132.44.

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.