Alphabet Inc. (NASDAQ:GOOGL) is Teamwork Financial Advisors LLC’s 8th Largest Position

Teamwork Financial Advisors LLC grew its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 57.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,343 shares of the information services provider’s stock after buying an additional 32,357 shares during the period. Alphabet accounts for approximately 2.1% of Teamwork Financial Advisors LLC’s investment portfolio, making the stock its 8th largest position. Teamwork Financial Advisors LLC’s holdings in Alphabet were worth $12,341,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GOOGL. Live Oak Investment Partners purchased a new stake in shares of Alphabet in the 4th quarter valued at approximately $26,000. VitalStone Financial LLC grew its stake in shares of Alphabet by 1,900.0% in the 2nd quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock valued at $34,000 after buying an additional 266 shares during the period. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Alphabet in the 4th quarter valued at approximately $34,000. Turim 21 Investimentos Ltda. purchased a new stake in shares of Alphabet in the 3rd quarter valued at approximately $38,000. Finally, Meritage Group LP grew its stake in shares of Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after buying an additional 276 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $155.00 price objective on shares of Alphabet in a research report on Wednesday, January 31st. Citigroup increased their price objective on shares of Alphabet from $153.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. StockNews.com raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Wells Fargo & Company increased their price objective on shares of Alphabet from $141.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Finally, Wolfe Research increased their price objective on shares of Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.48.

View Our Latest Research Report on Alphabet

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $155.49 on Tuesday. The company’s fifty day moving average price is $143.76 and its 200 day moving average price is $138.34. Alphabet Inc. has a 12 month low of $101.93 and a 12 month high of $155.74. 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 firm has a market capitalization of $1.93 trillion, a P/E ratio of 26.81, a P/E/G ratio of 1.39 and a beta of 1.05.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings results 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. The firm had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same period last year, the business earned $1.05 EPS. As a group, sell-side analysts predict that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 48,076 shares of Alphabet stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $142.20, for a total value of $6,836,407.20. Following the transaction, the insider now directly owns 12,725 shares in the company, valued at $1,809,495. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Alphabet news, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the transaction, the director now directly owns 15,104 shares in the company, valued at $2,326,922.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 48,076 shares of Alphabet stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $142.20, for a total transaction of $6,836,407.20. Following the completion of the transaction, the insider now owns 12,725 shares in the company, valued at $1,809,495. The disclosure for this sale can be found here. Over the last three months, insiders have sold 246,799 shares of company stock worth $34,971,139. 0.88% of the stock is owned by company insiders.

Alphabet Company 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.

Further Reading

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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