B.O.S.S. Retirement Advisors LLC Has $6.37 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

B.O.S.S. Retirement Advisors LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 45,585 shares of the information services provider’s stock after buying an additional 4,292 shares during the period. Alphabet accounts for about 1.2% of B.O.S.S. Retirement Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. B.O.S.S. Retirement Advisors LLC’s holdings in Alphabet were worth $6,368,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GOOGL. Live Oak Investment Partners acquired a new stake in Alphabet in the 4th quarter valued at $26,000. Sanctuary Wealth Management L.L.C. purchased a new position in Alphabet during the 4th quarter worth $34,000. Turim 21 Investimentos Ltda. purchased a new position in Alphabet during the 3rd quarter worth $38,000. Meritage Group LP boosted its holdings in Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after acquiring an additional 276 shares during the last quarter. Finally, Macroview Investment Management LLC boosted its holdings in Alphabet by 165.8% during the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after acquiring an additional 199 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Down 0.3 %

Shares of GOOGL opened at $154.40 on Wednesday. The firm has a market cap of $1.92 trillion, a P/E ratio of 26.62, a P/E/G ratio of 1.46 and a beta of 1.05. The stock has a 50 day simple moving average of $145.76 and a two-hundred day simple moving average of $140.19. 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.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same quarter in the prior year, the firm earned $1.05 earnings per share. On average, analysts forecast that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $160.00 price objective on shares of Alphabet in a report on Wednesday, April 10th. Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Alphabet in a report on Wednesday, April 10th. Wells Fargo & Company lowered their target price on Alphabet from $144.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 3rd. Mizuho lifted their target price on Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $185.00 target price (up from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. Five research 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. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $156.64.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 660 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, 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. Over the last 90 days, insiders sold 228,839 shares of company stock worth $32,835,757. 0.88% of the stock is currently owned by 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.