Alphabet Inc. (NASDAQ:GOOGL) is Stiles Financial Services Inc’s 9th Largest Position

Stiles Financial Services Inc grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 31,166 shares of the information services provider’s stock after acquiring an additional 541 shares during the period. Alphabet makes up approximately 2.0% of Stiles Financial Services Inc’s portfolio, making the stock its 9th largest holding. Stiles Financial Services Inc’s holdings in Alphabet were worth $4,354,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in GOOGL. RWQ Financial Management Services Inc. increased its position in shares of Alphabet by 8.2% during the fourth quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock valued at $8,591,000 after acquiring an additional 4,664 shares in the last quarter. Ballast Advisors LLC grew its position in Alphabet by 9.6% in the 3rd quarter. Ballast Advisors LLC now owns 15,747 shares of the information services provider’s stock worth $2,061,000 after purchasing an additional 1,385 shares during the period. Quantum Financial Advisors LLC grew its position in Alphabet by 8.0% in the 3rd quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock worth $998,000 after purchasing an additional 564 shares during the period. Acadian Asset Management LLC grew its position in Alphabet by 2.4% in the 3rd quarter. Acadian Asset Management LLC now owns 4,416,533 shares of the information services provider’s stock worth $577,908,000 after purchasing an additional 104,366 shares during the period. Finally, NatWest Group plc grew its position in Alphabet by 239.0% in the 4th quarter. NatWest Group plc now owns 100,793 shares of the information services provider’s stock worth $14,080,000 after purchasing an additional 71,057 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on GOOGL shares. Rosenblatt Securities cut their target price on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Wedbush restated an “outperform” rating and set a $175.00 target price on shares of Alphabet in a research note on Wednesday, April 10th. Citigroup restated a “buy” rating and set a $168.00 target price on shares of Alphabet in a research note on Wednesday, April 10th. BMO Capital Markets restated an “outperform” rating and set a $185.00 target price (up previously from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. Finally, Mizuho lifted their target price on shares of Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Five 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $156.64.

Alphabet Stock Performance

Alphabet stock opened at $154.40 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. Alphabet Inc. has a 1-year low of $102.63 and a 1-year high of $160.22. The firm has a market capitalization of $1.92 trillion, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. The company’s 50-day moving average is $145.76 and its 200 day moving average is $140.19.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share 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 company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. During the same period in the prior year, the company posted $1.05 EPS. Research analysts forecast that Alphabet Inc. will post 6.78 EPS for the current year.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the transaction, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 shares were sold at an average price of $159.56, for a total transaction 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 filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the transaction, the chief executive officer now directly owns 2,332,691 shares in the company, valued at $309,548,095.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 228,839 shares of company stock valued at $32,835,757. 0.88% of the stock is currently owned by company insiders.

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.