Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Family Firm Inc.

Family Firm Inc. increased its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 206.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,846 shares of the information services provider’s stock after acquiring an additional 12,698 shares during the period. Family Firm Inc.’s holdings in Alphabet were worth $1,663,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GOOGL. VitalStone Financial LLC acquired a new stake in Alphabet during the 4th quarter valued at $25,000. IAG Wealth Partners LLC grew its holdings in Alphabet by 3,275.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock valued at $26,000 after buying an additional 262 shares during the last quarter. Artemis Wealth Advisors LLC grew its holdings in Alphabet by 1,900.0% during the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after buying an additional 266 shares during the last quarter. Laurel Wealth Planning LLC grew its holdings in Alphabet by 1,900.0% during the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after buying an additional 285 shares during the last quarter. Finally, Coston McIsaac & Partners grew its holdings in Alphabet by 1,900.0% during the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock valued at $30,000 after buying an additional 304 shares during the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a $130.00 target price on shares of Alphabet in a report on Friday, February 10th. Barclays raised their price objective on Alphabet from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. KeyCorp decreased their price objective on Alphabet from $118.00 to $117.00 and set an “overweight” rating on the stock in a report on Monday, January 30th. Truist Financial raised their price objective on Alphabet from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Finally, MKM Partners raised their price objective on Alphabet from $120.00 to $126.00 in a report on Friday, February 3rd. Three equities research analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $130.06.

Insider Buying and Selling

In related news, Director Kavitark Ram Shriram sold 37,500 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $105.04, for a total value of $3,939,000.00. Following the completion of the sale, the director now directly owns 107,240 shares of the company’s stock, valued at $11,264,489.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Ann Mather sold 380 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the sale, the director now directly owns 11,300 shares of the company’s stock, valued at $1,017,565. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 37,500 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $105.04, for a total value of $3,939,000.00. Following the completion of the sale, the director now directly owns 107,240 shares of the company’s stock, valued at $11,264,489.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 732,217 shares of company stock worth $21,135,371 and have sold 138,039 shares worth $14,153,031. Insiders own 11.44% of the company’s stock.

Alphabet Trading Down 0.4 %

NASDAQ:GOOGL opened at $107.35 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. Alphabet Inc. has a one year low of $83.34 and a one year high of $122.43. The business’s 50-day simple moving average is $102.31 and its 200 day simple moving average is $96.95. The stock has a market cap of $1.36 trillion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 1.35 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.06 by $0.11. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The business had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $57.19 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 5.39 earnings per share for the current fiscal year.

About Alphabet

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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.