Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Round Rock Advisors LLC

Round Rock Advisors LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 74.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,745 shares of the information services provider’s stock after acquiring an additional 4,575 shares during the period. Round Rock Advisors LLC’s holdings in Alphabet were worth $1,501,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. Live Oak Investment Partners purchased a new stake in shares of Alphabet in the fourth quarter valued at $26,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Alphabet in the 4th quarter worth about $34,000. Turim 21 Investimentos Ltda. acquired a new stake in Alphabet in the 3rd quarter worth about $38,000. Meritage Group LP grew its holdings in Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after buying an additional 276 shares during the period. Finally, Macroview Investment Management LLC increased its stake in shares of Alphabet by 165.8% during the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 199 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 230 shares of Alphabet 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 transaction, the director now owns 15,104 shares in the company, valued at approximately $2,326,922.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Alphabet news, Director Frances Arnold sold 230 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the sale, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction dated Thursday, February 1st. The shares were 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 directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The disclosure for this sale can be found here. Insiders have sold 251,339 shares of company stock worth $36,377,482 over the last quarter. 0.88% of the stock is owned by corporate insiders.

Alphabet Trading Up 0.3 %

NASDAQ GOOGL opened at $156.01 on Friday. The company has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05. 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 12 month low of $102.63 and a 12 month high of $160.22. The company’s fifty day moving average price is $146.16 and its two-hundred day moving average price is $140.40.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results 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. The business had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same quarter last year, the company posted $1.05 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on GOOGL. Royal Bank of Canada reissued an “outperform” rating and issued a $155.00 target price on shares of Alphabet in a research report on Wednesday, January 31st. KeyCorp lifted their price target on shares of Alphabet from $153.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Rosenblatt Securities lowered their price objective on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $185.00 target price (up from $178.00) on shares of Alphabet in a research report on Wednesday, April 10th. Finally, Roth Mkm lowered their price target on Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.97.

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.