Inlet Private Wealth LLC Buys 875 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Inlet Private Wealth LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,769 shares of the information services provider’s stock after purchasing an additional 875 shares during the quarter. Inlet Private Wealth LLC’s holdings in Alphabet were worth $3,600,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GOOGL. DC Investments Management LLC acquired a new stake in Alphabet during the 1st quarter worth $114,000. Bridgefront Capital LLC bought a new position in shares of Alphabet in the 1st quarter worth $225,000. Worth Asset Management LLC acquired a new stake in shares of Alphabet during the first quarter worth $206,000. Eudaimonia Advisors LLC increased its holdings in Alphabet by 15.1% in the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock valued at $275,000 after purchasing an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC acquired a new position in Alphabet in the first quarter valued at about $281,000. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $185.00 price target (up from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. Wells Fargo & Company lowered their target price on shares of Alphabet from $144.00 to $141.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 3rd. Barclays reduced their price target 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. StockNews.com upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Finally, Susquehanna lifted their target price on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $155.61.

Alphabet Trading Down 1.8 %

NASDAQ GOOGL opened at $154.86 on Tuesday. Alphabet Inc. has a 12 month low of $102.63 and a 12 month high of $160.22. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average of $145.55 and a 200-day moving average of $140.02. The company has a market cap of $1.93 trillion, a PE ratio of 26.70, a PEG ratio of 1.46 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 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same quarter last year, the company posted $1.05 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was 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 directly owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director John L. Hennessy sold 800 shares of the 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 transaction, the director now directly owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 251,339 shares of company stock worth $36,033,907. Company insiders own 0.88% of the company’s stock.

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.