Foster Victor Wealth Advisors LLC Decreases Position in Alphabet Inc. (NASDAQ:GOOGL)

Foster Victor Wealth Advisors LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 126,439 shares of the information services provider’s stock after selling 1,032 shares during the quarter. Alphabet makes up approximately 1.8% of Foster Victor Wealth Advisors LLC’s portfolio, making the stock its 11th biggest holding. Foster Victor Wealth Advisors LLC’s holdings in Alphabet were worth $17,555,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Spreng Capital Management Inc. grew its position in shares of Alphabet by 4.0% during the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after purchasing an additional 5 shares in the last quarter. West Family Investments Inc. grew its position in Alphabet by 0.3% in the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock worth $4,878,000 after acquiring an additional 6 shares in the last quarter. Maple Capital Management Inc. grew its position in Alphabet by 2.1% in the first quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock worth $823,000 after acquiring an additional 6 shares in the last quarter. Private Advisory Group LLC grew its position in Alphabet by 1.8% in the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock worth $1,115,000 after acquiring an additional 7 shares in the last quarter. Finally, Weik Capital Management grew its position in Alphabet by 0.5% in the first quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock worth $4,264,000 after acquiring an additional 8 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GOOGL shares. Rosenblatt Securities lowered their price target on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price objective on shares of Alphabet in a research note on Wednesday, January 31st. Citigroup increased their price target on shares of Alphabet from $153.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $155.00 price target on shares of Alphabet in a research note on Wednesday, January 31st. Finally, Redburn Atlantic increased their price target on shares of Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $155.39.

View Our Latest Report on Alphabet

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the transaction, the chief accounting officer now directly owns 29,284 shares in the company, valued at $4,532,870.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,532,870.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $142.14, for a total transaction of $3,198,150.00. Following the sale, the chief executive officer now owns 2,400,191 shares in the company, valued at $341,163,148.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 228,239 shares of company stock worth $32,432,382. Company insiders own 0.88% of the company’s stock.

Alphabet Trading Up 0.2 %

Shares of GOOGL stock opened at $154.92 on Thursday. Alphabet Inc. has a 12-month low of $102.63 and a 12-month high of $155.74. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $144.22 and its 200 day moving average is $138.70. The stock has a market capitalization of $1.93 trillion, a P/E ratio of 26.71, a P/E/G ratio of 1.44 and a beta of 1.05.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. 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 firm earned $1.05 earnings per share. Research analysts expect that Alphabet Inc. will post 6.77 earnings per share for the current year.

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.

Further Reading

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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