Krilogy Financial LLC Has $7.77 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Krilogy Financial LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 55,629 shares of the information services provider’s stock after buying an additional 435 shares during the quarter. Krilogy Financial LLC’s holdings in Alphabet were worth $7,771,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GOOGL. R. W. Roge & Company Inc. grew its holdings in Alphabet by 20.2% during the 4th quarter. R. W. Roge & Company Inc. now owns 4,753 shares of the information services provider’s stock worth $663,000 after acquiring an additional 800 shares during the last quarter. Randolph Co Inc grew its holdings in Alphabet by 2.2% during the 4th quarter. Randolph Co Inc now owns 28,499 shares of the information services provider’s stock worth $3,981,000 after acquiring an additional 627 shares during the last quarter. Executive Wealth Management LLC grew its holdings in Alphabet by 7.9% during the 4th quarter. Executive Wealth Management LLC now owns 43,054 shares of the information services provider’s stock worth $6,014,000 after acquiring an additional 3,160 shares during the last quarter. Plimoth Trust Co. LLC grew its holdings in Alphabet by 0.4% during the 4th quarter. Plimoth Trust Co. LLC now owns 65,440 shares of the information services provider’s stock worth $9,141,000 after acquiring an additional 252 shares during the last quarter. Finally, Capasso Planning Partners LLC grew its holdings in Alphabet by 3.7% during the 4th quarter. Capasso Planning Partners LLC now owns 2,638 shares of the information services provider’s stock worth $369,000 after acquiring an additional 94 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GOOGL shares. Redburn Atlantic boosted their target price on shares of Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Mizuho upped their price objective 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. Wells Fargo & Company reduced their price objective on shares of Alphabet from $144.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 3rd. Roth Mkm reduced their price objective on shares of Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. Finally, Barclays reduced their price objective on shares of Alphabet from $180.00 to $173.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.00.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the sale, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the transaction, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The disclosure for this sale can be found here. In the last ninety days, insiders sold 251,339 shares of company stock valued at $36,377,482. 0.88% of the stock is owned by corporate insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $155.47 on Thursday. The firm’s 50 day moving average price is $145.95 and its 200-day moving average price is $140.29. Alphabet Inc. has a twelve month low of $102.63 and a twelve month high of $160.22. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.93 trillion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share 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 firm had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter in the prior year, the business earned $1.05 EPS. Equities research analysts expect that Alphabet Inc. will post 6.78 EPS for the current year.

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.