PFG Advisors Buys 2,808 Shares of Alphabet Inc. (NASDAQ:GOOGL)

PFG Advisors boosted its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,465 shares of the information services provider’s stock after purchasing an additional 2,808 shares during the period. PFG Advisors’ holdings in Alphabet were worth $3,976,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Live Oak Investment Partners bought a new position in shares of Alphabet during the fourth quarter valued at $26,000. VitalStone Financial LLC raised its stake in shares of Alphabet by 1,900.0% during the second quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock valued at $34,000 after acquiring an additional 266 shares during the last quarter. Sanctuary Wealth Management L.L.C. bought a new position in shares of Alphabet during the fourth quarter valued at $34,000. Turim 21 Investimentos Ltda. bought a new position in shares of Alphabet during the third quarter valued at $38,000. Finally, Meritage Group LP raised its stake in shares of Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 276 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the transaction, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the transaction, the chief accounting officer now owns 29,284 shares in the company, valued at $4,532,870.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the sale, the chief financial officer now directly owns 1,777,106 shares of the company’s stock, valued at $243,854,485.32. The disclosure for this sale can be found here. Insiders have sold 228,239 shares of company stock valued at $32,432,382 over the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the subject of several analyst reports. Wedbush raised their price target on shares of Alphabet from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. BMO Capital Markets increased their price objective on shares of Alphabet from $170.00 to $178.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. JMP Securities increased their price objective on shares of Alphabet from $150.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 31st. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price objective on shares of Alphabet in a research report on Wednesday, January 31st. Finally, StockNews.com upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Five equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.39.

Get Our Latest Analysis on GOOGL

Alphabet Stock Up 0.2 %

GOOGL opened at $154.92 on Thursday. 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 company’s 50-day moving average is $144.10 and its 200 day moving average is $138.58. Alphabet Inc. has a fifty-two week low of $102.63 and a fifty-two week high of $155.74. The firm has a market capitalization of $1.93 trillion, a P/E ratio of 26.71, a PEG ratio of 1.44 and a beta of 1.05.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. During the same period last year, the firm earned $1.05 earnings per share. Research analysts expect that Alphabet Inc. will post 6.77 earnings per share for the current fiscal 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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