Johnson & White Wealth Management LLC Raises Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Johnson & White Wealth Management LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 20.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,942 shares of the information services provider’s stock after acquiring an additional 500 shares during the period. Johnson & White Wealth Management LLC’s holdings in Alphabet were worth $411,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Alphabet by 0.3% in the third quarter. Vanguard Group Inc. now owns 487,435,495 shares of the information services provider’s stock worth $63,785,809,000 after buying an additional 1,302,104 shares during the last quarter. FMR LLC lifted its position in shares of Alphabet by 5.6% in the third quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock valued at $29,746,764,000 after acquiring an additional 12,070,681 shares in the last quarter. State Street Corp lifted its position in Alphabet by 0.8% during the second quarter. State Street Corp now owns 218,540,033 shares of the information services provider’s stock worth $26,159,242,000 after buying an additional 1,666,205 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in Alphabet by 111,197.8% during the fourth 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 raised its position in Alphabet by 2.3% in the second quarter. Geode Capital Management LLC now owns 121,308,289 shares of the information services provider’s stock valued at $14,481,781,000 after purchasing an additional 2,731,671 shares during the period. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GOOGL. Royal Bank of Canada restated an “outperform” rating and issued a $155.00 target price on shares of Alphabet in a research report on Wednesday, January 31st. Redburn Atlantic boosted their target price on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Roth Mkm cut their price target on Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. JMP Securities upped their price target on Alphabet from $150.00 to $160.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 31st. Finally, Wells Fargo & Company upped their price target on Alphabet from $141.00 to $144.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Five investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.48.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the transaction, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Prabhakar Raghavan sold 16,088 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $139.10, for a total value of $2,237,840.80. Following the completion of the sale, the senior vice president now directly owns 52,440 shares of the company’s stock, valued at $7,294,404. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 251,378 shares of company stock worth $35,461,377. 0.88% of the stock is owned by insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $150.87 on Thursday. The company has a market cap of $1.88 trillion, a P/E ratio of 26.01, a P/E/G ratio of 1.39 and a beta of 1.04. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52 week low of $99.74 and a 52 week high of $153.78. The business has a fifty day simple moving average of $143.33 and a 200-day simple moving average of $138.03.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same quarter in the previous year, the business earned $1.05 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 6.77 EPS for the current year.

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.