TFC Financial Management Inc. Has $1.09 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

TFC Financial Management Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,793 shares of the information services provider’s stock after buying an additional 102 shares during the period. TFC Financial Management Inc.’s holdings in Alphabet were worth $1,089,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GOOGL. Spreng Capital Management Inc. increased its stake in shares of Alphabet by 4.0% in the first quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after buying an additional 5 shares during the period. West Family Investments Inc. increased its stake in shares of Alphabet by 0.3% in the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock valued at $4,878,000 after buying an additional 6 shares during the period. Maple Capital Management Inc. increased its stake in shares of Alphabet by 2.1% in the first quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock valued at $823,000 after buying an additional 6 shares during the period. Private Advisory Group LLC increased its stake in shares of Alphabet by 1.8% in the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock valued at $1,115,000 after buying an additional 7 shares during the period. Finally, Weik Capital Management increased its stake in shares of Alphabet by 0.5% in the first quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock valued at $4,264,000 after buying an additional 8 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $142.14, for a total value 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 $341,163,148.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Frances Arnold sold 230 shares of the business’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 completion of the transaction, the director now directly owns 15,104 shares in the company, valued at $2,326,922.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $142.14, for a total value of $3,198,150.00. Following the transaction, the chief executive officer now owns 2,400,191 shares of the company’s stock, valued at $341,163,148.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 250,539 shares of company stock worth $35,906,259. 0.88% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOGL opened at $157.73 on Monday. The firm has a market cap of $1.96 trillion, a PE ratio of 27.19, a PEG ratio of 1.46 and a beta of 1.05. The stock’s fifty day moving average price is $145.33 and its two-hundred day moving average price is $139.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. Alphabet Inc. has a 1 year low of $102.63 and a 1 year high of $160.22.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on GOOGL shares. Citigroup reaffirmed a “buy” rating and set a $168.00 target price on shares of Alphabet in a research note on Wednesday, April 10th. Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of Alphabet in a research note on Wednesday, April 10th. Wells Fargo & Company decreased their target price on Alphabet from $144.00 to $141.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 3rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $185.00 target price (up previously from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. Finally, Rosenblatt Securities decreased their target price on Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $155.61.

Alphabet Company 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.