FLC Capital Advisors Boosts Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

FLC Capital Advisors grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,143 shares of the information services provider’s stock after acquiring an additional 915 shares during the period. Alphabet accounts for approximately 1.1% of FLC Capital Advisors’ portfolio, making the stock its 23rd largest holding. FLC Capital Advisors’ holdings in Alphabet were worth $4,071,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Morton Capital Management LLC CA raised its position in shares of Alphabet by 0.9% in the fourth quarter. Morton Capital Management LLC CA now owns 10,403 shares of the information services provider’s stock worth $1,453,000 after buying an additional 90 shares in the last quarter. RHS Financial LLC raised its position in shares of Alphabet by 14.1% in the fourth quarter. RHS Financial LLC now owns 2,699 shares of the information services provider’s stock worth $377,000 after buying an additional 333 shares in the last quarter. Good Life Advisors LLC raised its position in shares of Alphabet by 5.8% in the fourth quarter. Good Life Advisors LLC now owns 21,679 shares of the information services provider’s stock worth $3,028,000 after buying an additional 1,187 shares in the last quarter. WealthCare Investment Partners LLC raised its position in shares of Alphabet by 2.1% in the fourth quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider’s stock worth $482,000 after buying an additional 71 shares in the last quarter. Finally, Great Lakes Retirement Inc. raised its position in shares of Alphabet by 3.4% in the fourth quarter. Great Lakes Retirement Inc. now owns 113,463 shares of the information services provider’s stock worth $15,850,000 after buying an additional 3,715 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $143.49, for a total value of $28,698.00. Following the completion of the sale, the director now directly owns 6,784 shares in the company, valued at $973,436.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,332,691 shares in the company, valued at $309,548,095.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $143.49, for a total transaction of $28,698.00. Following the transaction, the director now owns 6,784 shares of the company’s stock, valued at $973,436.16. The disclosure for this sale can be found here. Insiders sold 263,312 shares of company stock worth $37,268,315 over the last three months. Company insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GOOGL. Royal Bank of Canada reiterated an “outperform” rating and issued a $155.00 price objective on shares of Alphabet in a research report on Wednesday, January 31st. Citigroup increased their target price on Alphabet from $153.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Wedbush increased their target price on Alphabet from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Wolfe Research increased their target price on Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $160.00 target price on shares of Alphabet in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $155.48.

Read Our Latest Analysis on GOOGL

Alphabet Stock Up 0.0 %

NASDAQ GOOGL opened at $150.93 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market capitalization of $1.88 trillion, a PE ratio of 26.02, a PEG ratio of 1.39 and a beta of 1.04. Alphabet Inc. has a 1 year low of $99.78 and a 1 year high of $153.78. The business’s 50-day moving average is $143.76 and its 200 day moving average is $138.31.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. During the same period last year, the business posted $1.05 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 6.77 earnings per share for the current year.

Alphabet Profile

(Free Report)

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

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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