Wolff Financial Management LLC Makes New Investment in Alphabet Inc. (NASDAQ:GOOGL)

Wolff Financial Management LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,847 shares of the information services provider’s stock, valued at approximately $258,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Confluence Wealth Services Inc. boosted its position in Alphabet by 3.4% during the fourth quarter. Confluence Wealth Services Inc. now owns 27,971 shares of the information services provider’s stock worth $3,907,000 after purchasing an additional 909 shares during the period. Altus Wealth Management LLC boosted its position in shares of Alphabet by 10.7% in the fourth quarter. Altus Wealth Management LLC now owns 3,695 shares of the information services provider’s stock valued at $516,000 after acquiring an additional 356 shares during the period. Trivant Custom Portfolio Group LLC boosted its position in shares of Alphabet by 1.7% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 16,763 shares of the information services provider’s stock valued at $2,342,000 after acquiring an additional 282 shares during the period. Benin Management CORP boosted its position in shares of Alphabet by 20.4% in the fourth quarter. Benin Management CORP now owns 5,162 shares of the information services provider’s stock valued at $721,000 after acquiring an additional 874 shares during the period. Finally, Strategic Blueprint LLC boosted its position in shares of Alphabet by 0.8% in the fourth quarter. Strategic Blueprint LLC now owns 75,814 shares of the information services provider’s stock valued at $10,590,000 after acquiring an additional 570 shares during the period. 40.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,400,191 shares of the company’s stock, valued at approximately $341,163,148.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was 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 approximately $1,275,043.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $142.14, for a total value of $3,198,150.00. Following the completion of the transaction, the chief executive officer now directly owns 2,400,191 shares in the company, valued at $341,163,148.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 251,339 shares of company stock worth $36,033,907. Insiders own 0.88% of the company’s stock.

Alphabet Trading Down 1.8 %

NASDAQ GOOGL opened at $154.86 on Tuesday. The business’s 50-day moving average price is $145.55 and its two-hundred day moving average price is $140.02. Alphabet Inc. has a 12 month low of $102.63 and a 12 month high of $160.22. The firm has a market capitalization of $1.93 trillion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last released 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. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. During the same quarter in the previous year, the company posted $1.05 EPS. On average, analysts expect that Alphabet Inc. will post 6.78 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Truist Financial reduced their target price on shares of Alphabet from $160.00 to $158.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Roth Mkm reduced their target price on shares of Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Rosenblatt Securities dropped their price target on Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Mizuho boosted their price target on Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Redburn Atlantic boosted their price target on Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.61.

Alphabet Company 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.