Physicians Financial Services Inc. Boosts Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Physicians Financial Services Inc. lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 83,225 shares of the information services provider’s stock after purchasing an additional 400 shares during the quarter. Alphabet accounts for approximately 3.7% of Physicians Financial Services Inc.’s holdings, making the stock its 4th biggest holding. Physicians Financial Services Inc.’s holdings in Alphabet were worth $8,633,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Live Oak Investment Partners bought a new position in shares of Alphabet in the fourth quarter worth about $26,000. Sanctuary Wealth Management L.L.C. bought a new position in Alphabet in the 4th quarter worth approximately $34,000. Turim 21 Investimentos Ltda. bought a new position in Alphabet in the 3rd quarter worth approximately $38,000. IAG Wealth Partners LLC lifted its holdings in Alphabet by 100.0% during the 1st quarter. IAG Wealth Partners LLC now owns 400 shares of the information services provider’s stock worth $41,000 after buying an additional 200 shares in the last quarter. Finally, AM Squared Ltd acquired a new stake in shares of Alphabet in the 4th quarter valued at $44,000. Institutional investors own 35.08% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several research reports. TD Cowen upped their price target on Alphabet from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, July 13th. JPMorgan Chase & Co. boosted their price objective on Alphabet from $121.00 to $150.00 in a report on Wednesday, July 26th. Wedbush assumed coverage on Alphabet in a report on Monday, August 21st. They set an “outperform” rating and a $160.00 price objective for the company. Susquehanna reissued a “positive” rating and set a $150.00 price objective on shares of Alphabet in a report on Thursday, August 31st. Finally, The Goldman Sachs Group lifted their target price on shares of Alphabet from $132.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, July 17th. Four investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.89.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Monday, September 11th. The stock was sold at an average price of $137.30, for a total value of $27,460.00. Following the completion of the transaction, the director now directly owns 7,584 shares of the company’s stock, valued at approximately $1,041,283.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Alphabet news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Monday, September 11th. The stock was sold at an average price of $137.30, for a total value of $27,460.00. Following the completion of the transaction, the director now directly owns 7,584 shares of the company’s stock, valued at approximately $1,041,283.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 6,532 shares of the firm’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $15.02, for a total transaction of $98,110.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,029 shares of company stock worth $12,883,371. Corporate insiders own 0.88% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $135.34 on Wednesday. The company has a market capitalization of $1.71 trillion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.56 and a beta of 1.06. The company has a current ratio of 2.17, a quick ratio of 2.14 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $138.00. The stock’s 50 day moving average is $128.59 and its 200-day moving average is $116.88.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, July 25th. The information services provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.12. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. The firm had revenue of $74.60 billion for the quarter, compared to analyst estimates of $60.24 billion. During the same period in the prior year, the firm posted $1.21 EPS. Equities research analysts expect that Alphabet Inc. will post 5.68 EPS for the current year.

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.