ERTS Wealth Advisors LLC bought a new stake in shares of Alphabet Inc (NASDAQ:GOOG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 121 shares of the information services provider’s stock, valued at approximately $125,000.
Other large investors have also recently bought and sold shares of the company. Lighthouse Financial Advisors Inc. purchased a new position in shares of Alphabet in the fourth quarter worth $25,000. OLD Second National Bank of Aurora raised its holdings in shares of Alphabet by 50.0% during the fourth quarter. OLD Second National Bank of Aurora now owns 30 shares of the information services provider’s stock worth $40,000 after purchasing an additional 10 shares during the last quarter. Wealthcare Capital Management LLC raised its holdings in shares of Alphabet by 300.0% during the fourth quarter. Wealthcare Capital Management LLC now owns 32 shares of the information services provider’s stock worth $43,000 after purchasing an additional 24 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new position in shares of Alphabet during the fourth quarter worth $43,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of Alphabet during the fourth quarter worth $47,000. 33.53% of the stock is owned by institutional investors.
Several research analysts recently issued reports on GOOG shares. Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a report on Tuesday, February 4th. Stifel Nicolaus raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Wedbush reissued an “outperform” rating and set a $1,625.00 target price on shares of Alphabet in a report on Tuesday, February 4th. KeyCorp raised their target price on shares of Alphabet from $1,546.00 to $1,769.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, ValuEngine raised shares of Alphabet from a “sell” rating to a “hold” rating in a report on Thursday, March 5th. Three investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Alphabet has an average rating of “Buy” and a consensus price target of $1,581.81.
In other news, major shareholder Capitalg Lp sold 555,822 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $50.09, for a total value of $27,841,123.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 31 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $1,459.40, for a total transaction of $45,241.40. The disclosure for this sale can be found here. Insiders have sold 5,204,053 shares of company stock worth $335,936,779 over the last ninety days. 12.99% of the stock is owned by insiders.
Shares of NASDAQ:GOOG traded up $40.02 during midday trading on Thursday, hitting $1,142.51. The company’s stock had a trading volume of 1,922,057 shares, compared to its average volume of 3,222,223. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.35 and a current ratio of 3.37. The business’s 50 day simple moving average is $1,342.87 and its 200 day simple moving average is $1,321.06. Alphabet Inc has a 12-month low of $1,013.54 and a 12-month high of $1,532.11. The company has a market cap of $779.70 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02.
Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, February 3rd. The information services provider reported $15.35 EPS for the quarter, topping analysts’ consensus estimates of $12.76 by $2.59. Alphabet had a net margin of 21.22% and a return on equity of 18.66%. The company had revenue of $46.08 billion for the quarter, compared to the consensus estimate of $46.87 billion. During the same period in the previous year, the firm earned $10.95 earnings per share. Alphabet’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, sell-side analysts predict that Alphabet Inc will post 52.67 earnings per share for the current fiscal year.
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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