Virtus ETF Advisers LLC Takes Position in Alphabet Inc. (NASDAQ:GOOGL)

Virtus ETF Advisers LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,222 shares of the information services provider’s stock, valued at approximately $814,000. Alphabet accounts for approximately 0.5% of Virtus ETF Advisers LLC’s portfolio, making the stock its 19th biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Live Oak Investment Partners acquired a new stake in Alphabet in the fourth quarter worth about $26,000. CarsonAllaria Wealth Management Ltd. lifted its holdings in Alphabet by 136.7% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 284 shares of the information services provider’s stock worth $34,000 after purchasing an additional 164 shares during the period. VitalStone Financial LLC lifted its holdings in Alphabet by 1,900.0% in the second quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock worth $34,000 after purchasing an additional 266 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new stake in Alphabet in the fourth quarter worth about $34,000. Finally, Turim 21 Investimentos Ltda. acquired a new stake in Alphabet in the third quarter worth about $38,000. Institutional investors and hedge funds own 35.08% of the company’s stock.

Insider Buying and Selling

In related news, SVP Prabhakar Raghavan sold 16,088 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total value of $2,237,840.80. Following the transaction, the senior vice president now owns 52,440 shares in the company, valued at $7,294,404. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, SVP Prabhakar Raghavan sold 16,088 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total transaction of $2,237,840.80. Following the completion of the sale, the senior vice president now owns 52,440 shares of the company’s stock, valued at $7,294,404. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Arnold sold 230 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 136,974 shares of company stock worth $19,427,217. Insiders own 0.88% of the company’s stock.

Alphabet Trading Up 2.1 %

NASDAQ:GOOGL opened at $149.00 on Monday. The stock’s 50 day moving average price is $140.72 and its 200 day moving average price is $135.76. Alphabet Inc. has a 52 week low of $88.57 and a 52 week high of $153.78. The company has a market capitalization of $1.86 trillion, a P/E ratio of 25.69, a P/E/G ratio of 1.38 and a beta of 1.06. 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:GOOGLGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping 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 the consensus estimate of $70.77 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. On average, research analysts forecast that Alphabet Inc. will post 6.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citigroup upped their price objective on shares of Alphabet from $153.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Susquehanna upped their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Tigress Financial upped their price target on shares of Alphabet from $172.00 to $176.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 21st. Roth Mkm cut their price target on shares of Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Finally, Monness Crespi & Hardt downgraded shares of Alphabet from a “buy” rating to a “neutral” rating in a report on Wednesday, October 25th. Five analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $153.65.

Check Out Our Latest Stock Analysis on Alphabet

Alphabet Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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