2,080 Shares in Alphabet Inc. (NASDAQ:GOOGL) Purchased by Keener Financial Planning LLC

Keener Financial Planning LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,080 shares of the information services provider’s stock, valued at approximately $291,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DC Investments Management LLC purchased a new position in Alphabet in the first quarter valued at about $114,000. Bridgefront Capital LLC bought a new stake in shares of Alphabet in the first quarter valued at approximately $225,000. Worth Asset Management LLC bought a new stake in shares of Alphabet in the first quarter valued at approximately $206,000. Eudaimonia Advisors LLC raised its position in shares of 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 period. Finally, Aspire Capital Advisors LLC bought a new stake in shares of Alphabet in the first quarter valued at approximately $281,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Down 0.3 %

Shares of NASDAQ GOOGL opened at $154.40 on Wednesday. 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 Inc. has a 12 month low of $102.63 and a 12 month high of $160.22. The firm has a market capitalization of $1.92 trillion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. The firm has a fifty day simple moving average of $145.76 and a two-hundred day simple moving average of $140.19.

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 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 business had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. During the same period in the prior year, the business earned $1.05 EPS. Equities analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Rosenblatt Securities lowered 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. Wolfe Research boosted their price target on shares of Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Wells Fargo & Company lowered their price target on shares of Alphabet from $144.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 3rd. Truist Financial decreased their target price on shares of Alphabet from $160.00 to $158.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Finally, Citigroup reaffirmed a “buy” rating and set a $168.00 target price on shares of Alphabet in a report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $156.64.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 660 shares of the 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 transaction, the chief accounting officer now directly 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 can be accessed through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,332,691 shares in the company, valued at approximately $309,548,095.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of the 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 transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 228,839 shares of company stock worth $32,835,757. 0.88% of the stock is currently owned by corporate 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.