Detalus Advisors LLC Grows Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Detalus Advisors LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,404 shares of the information services provider’s stock after buying an additional 290 shares during the period. Detalus Advisors LLC’s holdings in Alphabet were worth $830,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. VitalStone Financial LLC purchased a new position in Alphabet in the 4th quarter valued at about $25,000. Laurel Wealth Planning LLC increased its stake in shares of 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 acquiring an additional 285 shares during the last quarter. Coston McIsaac & Partners increased its stake in shares of 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 acquiring an additional 304 shares during the last quarter. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Alphabet during the 4th quarter valued at about $33,000. Finally, TFO TDC LLC increased its stake in shares of Alphabet by 952.6% during the 3rd quarter. TFO TDC LLC now owns 400 shares of the information services provider’s stock valued at $38,000 after acquiring an additional 362 shares during the last quarter. 34.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ann Mather sold 380 shares of the business’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $90.05, for a total transaction of $34,219.00. Following the completion of the transaction, the director now 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 is accessible through this hyperlink. In other news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the completion of the transaction, the insider now owns 11,421,476 shares of the company’s stock, valued at $161,385,455.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 380 shares of Alphabet stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $90.05, for a total transaction of $34,219.00. Following the sale, the director now owns 11,300 shares in the company, valued at $1,017,565. The disclosure for this sale can be found here. Over the last quarter, insiders bought 732,217 shares of company stock valued at $21,135,371 and sold 601,450 shares valued at $28,354,856. Corporate insiders own 0.88% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $122.76 on Monday. The company has a market cap of $1.56 trillion, a PE ratio of 27.34, a P/E/G ratio of 1.56 and a beta of 1.10. The company has a fifty day moving average price of $106.43 and a two-hundred day moving average price of $98.26. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $125.97.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The firm had revenue of $69.79 billion during the quarter, compared to the consensus estimate of $57.19 billion. During the same quarter in the previous year, the company posted $1.23 earnings per share. Research analysts expect that Alphabet Inc. will post 5.41 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on GOOGL. Needham & Company LLC reaffirmed a “buy” rating and set a $115.00 price objective on shares of Alphabet in a research note on Monday, April 3rd. MKM Partners upped their price objective on shares of Alphabet from $120.00 to $126.00 in a research note on Friday, February 3rd. UBS Group upped their price objective on shares of Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday, April 6th. Wolfe Research upped their price objective on shares of Alphabet from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Finally, 1-800-FLOWERS.COM reissued a “downgrade” rating on shares of Alphabet in a research report on Monday, May 15th. Four research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.06.

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.