Deroy & Devereaux Private Investment Counsel Inc. Has $3.02 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Deroy & Devereaux Private Investment Counsel Inc. trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,629 shares of the information services provider’s stock after selling 1,161 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Alphabet were worth $3,021,000 at the end of the most recent quarter.

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

Alphabet Trading Down 1.2 %

Shares of Alphabet stock opened at $154.09 on Friday. The stock has a market capitalization of $1.92 trillion, a P/E ratio of 26.57, a P/E/G ratio of 1.43 and a beta of 1.05. Alphabet Inc. has a 52-week low of $102.63 and a 52-week high of $160.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The stock’s 50-day simple moving average is $146.26 and its 200 day simple moving average is $140.54.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same quarter in the previous year, the firm posted $1.05 earnings per share. As a group, research analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current year.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction 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 directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the company’s 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 sale, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction 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 disclosure for this sale can be found here. Insiders have sold 251,339 shares of company stock valued at $36,377,482 in the last 90 days. 0.88% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wolfe Research upped their price objective on shares of Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. BMO Capital Markets restated an “outperform” rating and issued a $185.00 target price (up previously from $178.00) on shares of Alphabet in a report on Wednesday, April 10th. Jefferies Financial Group raised their price target on shares of Alphabet from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Friday. Canaccord Genuity Group boosted their price objective on Alphabet from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Truist Financial increased their price objective on Alphabet from $158.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.41.

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.