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 boosted its stake 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 worth $29,746,764,000 after buying an additional 12,070,681 shares during the last quarter. State Street Corp boosted 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 purchasing an additional 1,666,205 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in Alphabet by 111,197.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock valued at $15,036,178,000 after purchasing an additional 170,267,122 shares during the period. Finally, Geode Capital Management LLC grew its holdings 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.

Alphabet Trading Up 0.1 %

GOOGL opened at $150.87 on Thursday. Alphabet Inc. has a one year low of $99.74 and a one year high of $153.78. The company has a market cap of $1.88 trillion, a P/E ratio of 26.01, a PEG ratio of 1.39 and a beta of 1.04. 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 business’s 50-day simple moving average is $143.33 and its 200-day simple moving average is $138.03.

Alphabet (NASDAQ:GOOGL) last released 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. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business 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 business posted $1.05 EPS. As a group, equities research analysts expect that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on GOOGL. Royal Bank of Canada reissued an “outperform” rating and issued a $155.00 price objective on shares of Alphabet in a report on Wednesday, January 31st. Rosenblatt Securities dropped their price objective on Alphabet from $174.00 to $172.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Redburn Atlantic raised their price objective on Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Wedbush raised their price objective on Alphabet from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Finally, Roth Mkm decreased their target price on Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.48.

Insider Activity

In related news, SVP Prabhakar Raghavan sold 16,088 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 52,440 shares of the company’s stock, valued at approximately $7,294,404. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $148.78, for a total value of $3,347,550.00. Following the completion of the sale, the chief executive officer now directly owns 2,310,191 shares of the company’s stock, valued at approximately $343,710,216.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Prabhakar Raghavan sold 16,088 shares of the firm’s stock in a transaction that occurred on 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. In the last 90 days, insiders have sold 251,378 shares of company stock worth $35,461,377. 0.88% of the stock is currently owned by insiders.

Alphabet 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.