Family Capital Management Inc. Has $474,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Family Capital Management Inc. lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,392 shares of the information services provider’s stock after selling 436 shares during the quarter. Family Capital Management Inc.’s holdings in Alphabet were worth $474,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meritage Group LP grew its position in Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 276 shares during the last quarter. Macroview Investment Management LLC grew its holdings in shares of Alphabet by 165.8% during the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after purchasing an additional 199 shares during the last quarter. Armor Investment Advisors LLC grew its holdings in shares of Alphabet by 31.0% during the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after purchasing an additional 80 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of Alphabet during the fourth quarter worth about $55,000. Finally, LFA Lugano Financial Advisors SA boosted its holdings in Alphabet by 301.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock valued at $73,000 after acquiring an additional 392 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL opened at $171.95 on Friday. The stock’s 50-day simple moving average is $147.85 and its 200 day simple moving average is $141.39. The stock has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 1.47 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 52-week low of $103.54 and a 52-week high of $174.71.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the firm posted $1.05 EPS. Research analysts forecast that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00. Following the sale, the chief executive officer now owns 2,377,691 shares of the company’s stock, valued at approximately $347,832,416.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Frances Arnold sold 230 shares of the firm’s 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 transaction, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the transaction, the chief executive officer now directly owns 2,377,691 shares in the company, valued at $347,832,416.39. The disclosure for this sale can be found here. Insiders have sold a total of 253,439 shares of company stock valued at $36,746,578 in the last 90 days. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Robert W. Baird upped their target price on Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a report on Friday. Morgan Stanley boosted their price target on Alphabet from $165.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday. Roth Mkm boosted their price target on Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a research note on Friday. Barclays boosted their price target on Alphabet from $173.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Royal Bank of Canada boosted their price target on Alphabet from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday. Five analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.82.

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.