Financial Council Asset Management Inc Purchases 200 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Financial Council Asset Management Inc boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,740 shares of the information services provider’s stock after purchasing an additional 200 shares during the quarter. Financial Council Asset Management Inc’s holdings in Alphabet were worth $802,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GOOGL. Live Oak Investment Partners acquired a new position in Alphabet during the 4th quarter valued at $26,000. Sanctuary Wealth Management L.L.C. acquired a new position in Alphabet during the 4th quarter valued at $34,000. Turim 21 Investimentos Ltda. acquired a new position in Alphabet during the 3rd quarter valued at $38,000. Meritage Group LP raised its stake in Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 276 shares during the last quarter. Finally, Macroview Investment Management LLC raised its stake in 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 purchasing an additional 199 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 660 shares of the firm’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 completion of the transaction, the chief accounting officer now directly owns 27,920 shares in the company, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 251,339 shares of company stock valued at $36,377,482. 0.88% of the stock is currently owned by insiders.

Analyst Ratings Changes

GOOGL has been the subject of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $155.00 target price on shares of Alphabet in a research note on Wednesday, January 31st. Susquehanna increased their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Jefferies Financial Group increased their price objective on shares of Alphabet from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Friday. Truist Financial increased their price objective on shares of Alphabet from $158.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Wedbush restated an “outperform” rating and issued a $175.00 price objective on shares of Alphabet in a research note on Wednesday, April 10th. Five research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $158.41.

Alphabet Stock Down 1.2 %

Shares of NASDAQ:GOOGL opened at $154.09 on Friday. Alphabet Inc. has a 12 month low of $102.63 and a 12 month high of $160.22. The company’s 50-day moving average price is $146.26 and its two-hundred day moving average price is $140.54. 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 firm has a market cap 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 (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $70.77 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. As a group, research analysts forecast that Alphabet Inc. will post 6.78 EPS 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.