Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Allen Capital Group LLC

Allen Capital Group LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,111 shares of the information services provider’s stock after buying an additional 1,368 shares during the quarter. Allen Capital Group LLC’s holdings in Alphabet were worth $5,184,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GOOGL. Aire Advisors LLC boosted its stake in Alphabet by 0.6% during the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after purchasing an additional 68 shares in the last quarter. Defined Wealth Management LLC boosted its stake in Alphabet by 2.9% during the fourth quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock valued at $354,000 after buying an additional 71 shares in the last quarter. WealthCare Investment Partners LLC grew its holdings in Alphabet by 2.1% during the fourth quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider’s stock worth $482,000 after acquiring an additional 71 shares during the period. Peoples Financial Services CORP. grew its stake in shares of Alphabet by 0.4% in the 4th quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider’s stock worth $2,331,000 after purchasing an additional 72 shares during the last quarter. Finally, RAM Investment Partners LLC increased its holdings in shares of Alphabet by 1.0% in the fourth quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider’s stock valued at $1,055,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 660 shares of the 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 owns 27,920 shares in the company, valued at approximately $4,009,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Amie Thuener O’toole sold 660 shares of the 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 sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at approximately $4,009,032.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction on Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the transaction, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. 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 three months. Company insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the topic of several analyst reports. Citigroup reissued a “buy” rating and issued a $168.00 target price on shares of Alphabet in a research report on Wednesday, April 10th. KeyCorp increased their target price on Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Monday. Susquehanna lifted their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Rosenblatt Securities lowered their price target on Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $185.00 target price (up from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $158.71.

Alphabet Price Performance

Shares of Alphabet stock opened at $159.13 on Thursday. The firm has a market cap of $1.98 trillion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. The firm’s 50-day simple moving average is $146.96 and its 200-day simple moving average is $141.06. Alphabet Inc. has a twelve month low of $102.63 and a twelve month 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.

Alphabet (NASDAQ:GOOGL) last released 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. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. During the same period in the previous year, the business earned $1.05 earnings per share. As a group, research analysts expect 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.