Keystone Wealth Services LLC Grows Position in Alphabet Inc. (NASDAQ:GOOGL)

Keystone Wealth Services LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,147 shares of the information services provider’s stock after acquiring an additional 694 shares during the quarter. Keystone Wealth Services LLC’s holdings in Alphabet were worth $1,278,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. DE Burlo Group Inc. raised its position in Alphabet by 520.0% in the second quarter. DE Burlo Group Inc. now owns 96,498 shares of the information services provider’s stock worth $11,551,000 after acquiring an additional 80,934 shares in the last quarter. West Tower Group LLC acquired a new stake in Alphabet in the second quarter valued at $88,000. Ballast Advisors LLC grew its holdings in Alphabet by 9.6% in the third quarter. Ballast Advisors LLC now owns 15,747 shares of the information services provider’s stock valued at $2,061,000 after purchasing an additional 1,385 shares during the last quarter. Quantum Financial Advisors LLC grew its holdings in Alphabet by 8.0% in the third quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock valued at $998,000 after purchasing an additional 564 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Alphabet by 2.4% in the third quarter. Acadian Asset Management LLC now owns 4,416,533 shares of the information services provider’s stock valued at $577,908,000 after purchasing an additional 104,366 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $143.49, for a total transaction of $28,698.00. Following the completion of the sale, the director now owns 6,784 shares in the company, valued at approximately $973,436.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Prabhakar Raghavan sold 16,088 shares of Alphabet 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 completion of the transaction, the senior vice president now owns 52,440 shares in the company, valued at approximately $7,294,404. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $143.49, for a total value of $28,698.00. Following the completion of the transaction, the director now owns 6,784 shares of the company’s stock, valued at approximately $973,436.16. The disclosure for this sale can be found here. Insiders sold a total of 251,378 shares of company stock worth $35,461,377 in the last 90 days. 0.88% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on GOOGL shares. Needham & Company LLC reissued a “buy” rating and issued a $160.00 target price on shares of Alphabet in a report on Wednesday, January 31st. Wolfe Research upped their target price on Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Truist Financial decreased their price objective on Alphabet from $160.00 to $158.00 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. BMO Capital Markets increased their price objective on Alphabet from $170.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, Susquehanna increased their price objective on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.48.

Alphabet Stock 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 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. Alphabet Inc. has a one year low of $99.74 and a one year high of $153.78. 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 announced its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate 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 period last year, the business posted $1.05 EPS. On average, sell-side analysts forecast that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

About Alphabet

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.