Narus Financial Partners LLC Boosts Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Narus Financial Partners LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,623 shares of the information services provider’s stock after buying an additional 283 shares during the period. Narus Financial Partners LLC’s holdings in Alphabet were worth $1,344,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Alphabet by 0.3% during the third quarter. Vanguard Group Inc. now owns 487,435,495 shares of the information services provider’s stock valued at $63,785,809,000 after acquiring an additional 1,302,104 shares in the last quarter. FMR LLC grew its stake in shares of Alphabet by 5.6% in the 3rd quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after buying an additional 12,070,681 shares in the last quarter. State Street Corp grew its stake in shares of Alphabet by 1,900.6% in the 3rd quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after buying an additional 206,300,042 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of Alphabet by 111,197.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock worth $15,036,178,000 after buying an additional 170,267,122 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Alphabet by 1.3% in the 1st quarter. Geode Capital Management LLC now owns 118,576,618 shares of the information services provider’s stock worth $12,271,705,000 after buying an additional 1,499,107 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Down 1.8 %

NASDAQ:GOOGL opened at $154.86 on Tuesday. Alphabet Inc. has a one year low of $102.63 and a one year 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. The firm has a market cap of $1.93 trillion, a P/E ratio of 26.70, a P/E/G ratio of 1.46 and a beta of 1.05. The firm has a 50-day simple moving average of $145.55 and a 200-day simple moving average of $140.02.

Alphabet (NASDAQ:GOOGL) last posted 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 during the quarter, compared to analyst estimates of $70.77 billion. During the same quarter in the previous year, the business posted $1.05 EPS. Equities analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $142.14, for a total value of $3,198,150.00. Following the completion of the sale, the chief executive officer now owns 2,400,191 shares in the company, valued at approximately $341,163,148.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the transaction, the director now 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 can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $142.14, for a total transaction of $3,198,150.00. Following the completion of the transaction, the chief executive officer now directly owns 2,400,191 shares in the company, valued at approximately $341,163,148.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 251,339 shares of company stock worth $36,033,907. 0.88% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GOOGL shares. BMO Capital Markets reissued an “outperform” rating and issued a $185.00 price objective (up from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. JMP Securities reissued a “market outperform” rating and issued a $160.00 price objective on shares of Alphabet in a research note on Wednesday, April 10th. Mizuho lifted their price objective on shares of Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. StockNews.com raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 20th. Finally, Barclays dropped their price target on shares of Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.61.

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.