Colton Groome Financial Advisors LLC Buys 100 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Colton Groome Financial Advisors LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,700 shares of the information services provider’s stock after acquiring an additional 100 shares during the period. Colton Groome Financial Advisors LLC’s holdings in Alphabet were worth $377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RWQ Financial Management Services Inc. lifted its stake in shares of Alphabet by 8.2% during the 4th quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock worth $8,591,000 after acquiring an additional 4,664 shares during the last quarter. Ballast Advisors LLC increased its holdings in Alphabet by 9.6% during the 3rd quarter. Ballast Advisors LLC now owns 15,747 shares of the information services provider’s stock worth $2,061,000 after purchasing an additional 1,385 shares during the period. Quantum Financial Advisors LLC increased its holdings in Alphabet by 8.0% during the 3rd quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock worth $998,000 after purchasing an additional 564 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Alphabet by 2.4% in the 3rd quarter. Acadian Asset Management LLC now owns 4,416,533 shares of the information services provider’s stock valued at $577,908,000 after acquiring an additional 104,366 shares during the period. Finally, NatWest Group plc increased its holdings in shares of Alphabet by 239.0% in the 4th quarter. NatWest Group plc now owns 100,793 shares of the information services provider’s stock valued at $14,080,000 after acquiring an additional 71,057 shares during the period. 40.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GOOGL shares. Canaccord Genuity Group lifted their price target on Alphabet from $190.00 to $210.00 and gave the company a “buy” rating in a report on Friday. Redburn Atlantic boosted their target price on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. TD Cowen boosted their target price on Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday. Wolfe Research boosted their target price on Alphabet from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Roth Mkm boosted their target price on Alphabet from $164.00 to $202.00 and gave the stock a “buy” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.82.

Alphabet Trading Up 10.2 %

GOOGL opened at $171.95 on Friday. Alphabet Inc. has a one year low of $103.54 and a one year high of $174.71. The stock has a market capitalization of $2.14 trillion, a PE ratio of 29.65, a P/E/G ratio of 1.47 and a beta of 1.05. The business’s 50 day moving average price is $147.85 and its 200 day moving average price is $141.39. 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 EPS 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 firm had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. As a group, equities research analysts expect that Alphabet Inc. will post 6.78 EPS for the current year.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the sale, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 800 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the sale, the director now owns 7,991 shares in the company, valued at $1,275,043.96. The disclosure for this sale can be found here. Insiders have sold 253,439 shares of company stock worth $36,746,578 over the last ninety days. Corporate 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.