Insight Advisors LLC PA Has $3.96 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Insight Advisors LLC PA boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 28,341 shares of the information services provider’s stock after buying an additional 321 shares during the period. Alphabet accounts for about 0.8% of Insight Advisors LLC PA’s investment portfolio, making the stock its 15th largest holding. Insight Advisors LLC PA’s holdings in Alphabet were worth $3,959,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Live Oak Investment Partners bought a new stake in Alphabet during the fourth quarter valued at $26,000. VitalStone Financial LLC boosted its position in 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 stake in Alphabet during the fourth quarter valued at $34,000. Turim 21 Investimentos Ltda. bought a new stake in Alphabet during the third quarter valued at $38,000. Finally, Meritage Group LP boosted its position in 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. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of research analyst reports. KeyCorp upped their price target on shares of Alphabet from $153.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Rosenblatt Securities cut their price target on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Roth Mkm cut their price objective on shares of Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock 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. Finally, Mizuho increased their price objective on shares of Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Five equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.39.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares in the company, valued at approximately $4,009,032.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the transaction, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The disclosure for this sale can be found here. Insiders sold a total of 250,539 shares of company stock worth $35,906,259 in the last quarter. Insiders own 0.88% of the company’s stock.

Alphabet Trading Up 1.1 %

Shares of GOOGL stock opened at $156.60 on Wednesday. The company has a 50 day moving average of $144.33 and a 200-day moving average of $139.28. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12-month low of $102.63 and a 12-month high of $158.56. The firm has a market cap of $1.95 trillion, a P/E ratio of 27.00, a PEG ratio of 1.41 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (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 company had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. During the same quarter last year, the business posted $1.05 EPS. Sell-side analysts anticipate that Alphabet Inc. will post 6.77 earnings per share for the current year.

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.