Geneos Wealth Management Inc. Grows Position in Alphabet Inc. (NASDAQ:GOOGL)

Geneos Wealth Management Inc. boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,569 shares of the information services provider’s stock after acquiring an additional 1,203 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Alphabet were worth $6,785,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. DC Investments Management LLC acquired a new stake in Alphabet in the first quarter valued at $114,000. Bridgefront Capital LLC acquired a new stake in Alphabet in the first quarter valued at $225,000. Worth Asset Management LLC acquired a new stake in Alphabet in the first quarter valued at $206,000. Eudaimonia Advisors LLC grew 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 stake in Alphabet in the first quarter valued at $281,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the sale, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the sale, the director now owns 7,991 shares in the company, valued at approximately $1,275,043.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The disclosure for this sale can be found here. Insiders have sold 228,839 shares of company stock worth $32,835,757 over the last 90 days. 0.88% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Citigroup reissued a “buy” rating and issued a $168.00 target price on shares of Alphabet in a report on Wednesday, April 10th. Truist Financial decreased their price objective on Alphabet from $160.00 to $158.00 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. UBS Group increased their price objective on Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a research note on Tuesday. JMP Securities reaffirmed a “market outperform” rating and set a $160.00 price objective on shares of Alphabet in a research note on Wednesday, April 10th. Finally, StockNews.com raised Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 20th. 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 company. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $156.64.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $154.40 on Wednesday. The business’s 50-day moving average price is $145.76 and its two-hundred day moving average price is $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 one year low of $102.63 and a one year high of $160.22. The company 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.

Alphabet (NASDAQ:GOOGL) last issued its 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 the consensus estimate of $70.77 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. Analysts anticipate that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

About Alphabet

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.