Petra Financial Advisors Inc. Buys 140 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Petra Financial Advisors Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,222 shares of the information services provider’s stock after buying an additional 140 shares during the period. Petra Financial Advisors Inc.’s holdings in Alphabet were worth $310,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOGL. DC Investments Management LLC bought a new position in Alphabet in the 1st quarter worth about $114,000. Bridgefront Capital LLC purchased a new position in shares of Alphabet during the first quarter worth about $225,000. Worth Asset Management LLC bought a new position in shares of Alphabet in the first quarter worth approximately $206,000. Eudaimonia Advisors LLC raised its stake 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 in the last quarter. Finally, Aspire Capital Advisors LLC bought a new stake in Alphabet during the first quarter valued at approximately $281,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of research analyst reports. Citigroup reissued a “buy” rating and issued a $168.00 price target on shares of Alphabet in a report on Wednesday, April 10th. BMO Capital Markets restated an “outperform” rating and set a $185.00 price target (up previously from $178.00) on shares of Alphabet in a research report on Wednesday, April 10th. Canaccord Genuity Group lifted their price target on Alphabet from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday. Redburn Atlantic increased their price objective on Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Finally, Barclays dropped their target price on Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-seven have given 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 an average price target of $157.97.

Alphabet Stock Performance

Shares of GOOGL opened at $156.01 on Friday. The company has a 50-day simple moving average of $146.16 and a two-hundred day simple moving average of $140.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market capitalization of $1.94 trillion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05. Alphabet Inc. has a one year low of $102.63 and a one year high of $160.22.

Alphabet (NASDAQ:GOOGL) last released 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 company had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter last year, the business posted $1.05 EPS. On average, analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 660 shares of the business’s 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 sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was 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 owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction 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 transaction, 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. Over the last 90 days, insiders sold 251,339 shares of company stock valued at $36,377,482. 0.88% of the stock is currently owned by company 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.