Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Semus Wealth Partners LLC

Semus Wealth Partners LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,731 shares of the information services provider’s stock after purchasing an additional 1,158 shares during the period. Alphabet comprises 2.3% of Semus Wealth Partners LLC’s portfolio, making the stock its 7th largest position. Semus Wealth Partners LLC’s holdings in Alphabet were worth $2,756,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Live Oak Investment Partners acquired a new stake in Alphabet during the 4th quarter valued at approximately $26,000. VitalStone Financial LLC boosted its stake in shares of Alphabet by 1,900.0% during 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 last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Alphabet during the fourth quarter worth approximately $34,000. Turim 21 Investimentos Ltda. bought a new stake in shares of Alphabet in the third quarter worth $38,000. Finally, Meritage Group LP raised its holdings in Alphabet by 1,061.5% in 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 in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Up 1.1 %

Shares of GOOGL stock opened at $156.60 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. Alphabet Inc. has a 1 year low of $102.63 and a 1 year high of $158.56. The stock has a fifty day moving average of $144.33 and a two-hundred day moving average of $139.28. The firm has a market capitalization of $1.95 trillion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. As a group, research analysts expect that Alphabet Inc. will post 6.77 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GOOGL. StockNews.com raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price target on shares of Alphabet in a research note on Wednesday, January 31st. Mizuho upped their price objective on Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Roth Mkm reduced their target price on Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Finally, Citigroup boosted their price target on Alphabet from $153.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Five 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.39.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $142.14, for a total value of $3,198,150.00. Following the completion of the sale, the chief executive officer now owns 2,400,191 shares in the company, valued at $341,163,148.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $142.14, for a total value of $3,198,150.00. Following the completion of the sale, the chief executive officer now owns 2,400,191 shares in the company, valued at $341,163,148.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the completion of the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 250,539 shares of company stock worth $35,906,259. 0.88% of the stock is owned by company insiders.

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