Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Raised by Fortune Financial Advisors LLC

Fortune Financial Advisors LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,968 shares of the information services provider’s stock after purchasing an additional 792 shares during the period. Alphabet comprises 2.3% of Fortune Financial Advisors LLC’s investment portfolio, making the stock its 8th largest position. Fortune Financial Advisors LLC’s holdings in Alphabet were worth $3,208,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Live Oak Investment Partners bought a new position in Alphabet during the fourth quarter valued at approximately $26,000. Sanctuary Wealth Management L.L.C. bought a new position in Alphabet during the fourth quarter valued at approximately $34,000. Turim 21 Investimentos Ltda. bought a new position in Alphabet during the third quarter valued at approximately $38,000. Meritage Group LP lifted 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 purchasing an additional 276 shares during the period. Finally, Macroview Investment Management LLC lifted its position in Alphabet by 165.8% during the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer now owns 27,920 shares in the company, valued at approximately $4,009,032.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the sale, the director now owns 7,991 shares in the company, valued at approximately $1,275,043.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was 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 of the company’s stock, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. Insiders sold 251,339 shares of company stock valued at $36,033,907 in the last three months. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GOOGL. Needham & Company LLC restated a “buy” rating and set a $160.00 price objective on shares of Alphabet in a research report on Wednesday, January 31st. Barclays lowered their price objective on shares of Alphabet from $180.00 to $173.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. Redburn Atlantic increased their price objective on shares of Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. BMO Capital Markets reiterated an “outperform” rating and issued a $185.00 price target (up from $178.00) on shares of Alphabet in a research report on Wednesday, April 10th. Finally, Roth Mkm decreased their price target 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. 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 data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average target price of $155.61.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $154.86 on Tuesday. Alphabet Inc. has a 52 week low of $102.63 and a 52 week high of $160.22. The stock has a market capitalization of $1.93 trillion, a P/E ratio of 26.70, a PEG ratio of 1.46 and a beta of 1.05. The firm has a fifty day simple moving average of $145.55 and a two-hundred day simple moving average of $140.02. 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 (NASDAQ:GOOGL) last issued its quarterly earnings data 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. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. During the same period last year, the company posted $1.05 EPS. On average, analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current fiscal 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.