Roman Butler Fullerton & Co. Purchases 2,005 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Roman Butler Fullerton & Co. grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 13.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 17,158 shares of the information services provider’s stock after buying an additional 2,005 shares during the quarter. Alphabet comprises 1.0% of Roman Butler Fullerton & Co.’s portfolio, making the stock its 25th biggest position. Roman Butler Fullerton & Co.’s holdings in Alphabet were worth $2,611,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the sale, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the transaction, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 230 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the sale, the director now owns 15,104 shares in the company, valued at $2,326,922.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 251,339 shares of company stock valued at $36,377,482. 0.88% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GOOGL has been the topic of several research reports. Wolfe Research upped their target price on shares of Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $155.00 price objective on shares of Alphabet in a report on Wednesday, January 31st. Wells Fargo & Company cut their target price on Alphabet from $144.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 3rd. Wedbush reaffirmed an “outperform” rating and set a $175.00 price target on shares of Alphabet in a research report on Wednesday, April 10th. Finally, Jefferies Financial Group lifted their price objective on shares of Alphabet from $175.00 to $180.00 and gave the company a “buy” rating in a report on Friday, April 19th. Five 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 company’s stock. According to MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $158.71.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $156.00 on Friday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a 50 day simple moving average of $147.22 and a 200 day simple moving average of $141.16. Alphabet Inc. has a 1-year low of $102.63 and a 1-year high of $160.22. The stock has a market cap of $1.94 trillion, a P/E ratio of 26.90, a PEG ratio of 1.46 and a beta of 1.05.

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