Patriot Financial Group Insurance Agency LLC Increases Stake in Alphabet Inc. (NASDAQ:GOOG)

Patriot Financial Group Insurance Agency LLC increased its position in Alphabet Inc. (NASDAQ:GOOGFree Report) by 10.1% in the 4th quarter, HoldingsChannel reports. The fund owned 27,088 shares of the information services provider’s stock after purchasing an additional 2,484 shares during the period. Alphabet accounts for about 0.7% of Patriot Financial Group Insurance Agency LLC’s holdings, making the stock its 27th biggest position. Patriot Financial Group Insurance Agency LLC’s holdings in Alphabet were worth $3,818,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Tandem Wealth Advisors LLC bought a new position in Alphabet in the 3rd quarter worth about $25,000. Bruce G. Allen Investments LLC purchased a new position in shares of Alphabet during the 4th quarter valued at about $26,000. HWG Holdings LP purchased a new position in shares of Alphabet during the 2nd quarter valued at about $26,000. Intrepid Capital Management Inc. purchased a new position in shares of Alphabet during the 2nd quarter valued at about $31,000. Finally, Buck Wealth Strategies LLC purchased a new position in Alphabet in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In other news, SVP Prabhakar Raghavan sold 16,088 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total value of $2,237,840.80. Following the completion of the transaction, the senior vice president now owns 52,440 shares of the company’s stock, valued at $7,294,404. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Alphabet news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the completion of the transaction, the chief financial officer now owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Prabhakar Raghavan sold 16,088 shares of Alphabet stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total value of $2,237,840.80. Following the completion of the transaction, the senior vice president now owns 52,440 shares of the company’s stock, valued at approximately $7,294,404. The disclosure for this sale can be found here. Insiders sold a total of 263,312 shares of company stock valued at $37,268,315 over the last 90 days. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Up 0.2 %

Alphabet stock opened at $152.26 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a fifty day moving average of $144.98 and a 200 day moving average of $139.58. The stock has a market cap of $1.89 trillion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. Alphabet Inc. has a one year low of $100.29 and a one year high of $155.20.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.05 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 6.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GOOG shares. Susquehanna boosted their target price on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Raymond James upped their price target on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $146.33.

Read Our Latest Stock Analysis on Alphabet

About Alphabet

(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.

Further Reading

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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