Bison Wealth LLC Increases Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Bison Wealth LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,274 shares of the information services provider’s stock after acquiring an additional 2,135 shares during the quarter. Alphabet comprises approximately 0.7% of Bison Wealth LLC’s investment portfolio, making the stock its 27th biggest position. Bison Wealth LLC’s holdings in Alphabet were worth $3,950,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Hoxton Planning & Management LLC grew its stake in shares of Alphabet by 1.2% in the 4th quarter. Hoxton Planning & Management LLC now owns 8,949 shares of the information services provider’s stock valued at $1,250,000 after buying an additional 102 shares during the period. Ballast Advisors LLC grew its position in Alphabet by 8.3% in the fourth quarter. Ballast Advisors LLC now owns 17,058 shares of the information services provider’s stock worth $2,383,000 after acquiring an additional 1,311 shares during the period. Dakota Wealth Management increased its stake in Alphabet by 11.1% during the fourth quarter. Dakota Wealth Management now owns 258,546 shares of the information services provider’s stock worth $36,116,000 after acquiring an additional 25,808 shares during the last quarter. Cullen Investment Group LTD. purchased a new stake in Alphabet in the fourth quarter valued at $2,246,000. Finally, Cornercap Investment Counsel Inc. lifted its stake in shares of Alphabet by 2.0% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 37,631 shares of the information services provider’s stock valued at $5,257,000 after purchasing an additional 753 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 1.4 %

GOOGL opened at $156.28 on Tuesday. The stock has a market capitalization of $1.94 trillion, a P/E ratio of 26.94, 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 quick ratio of 2.10 and a current ratio of 2.10. Alphabet Inc. has a one year low of $102.63 and a one year high of $160.22. The business’s 50-day simple moving average is $146.43 and its 200-day simple moving average is $140.78.

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, beating analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same quarter in the previous year, the business earned $1.05 earnings per share. Analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GOOGL. Barclays cut their price objective on Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Truist Financial lifted their price target on shares of Alphabet from $158.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Mizuho upped their price objective on shares of Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. UBS Group lifted their target price on shares of Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Susquehanna upped their price target on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $158.71.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 660 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the sale, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the transaction, the senior vice president now owns 144,685 shares in the company, valued at approximately $22,566,519.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 sale, 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. Insiders sold a total of 251,339 shares of company stock worth $36,377,482 in the last 90 days. Company insiders own 0.88% of the company’s stock.

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.