Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Financial Counselors Inc.

Financial Counselors Inc. grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 696,684 shares of the information services provider’s stock after buying an additional 1,470 shares during the period. Alphabet accounts for approximately 1.7% of Financial Counselors Inc.’s investment portfolio, making the stock its 5th largest holding. Financial Counselors Inc.’s holdings in Alphabet were worth $97,320,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. Live Oak Investment Partners acquired a new stake in shares of Alphabet in the 4th quarter valued at $26,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Alphabet in the 4th quarter valued at $34,000. Turim 21 Investimentos Ltda. acquired a new stake in shares of Alphabet during the third quarter worth $38,000. Meritage Group LP grew its stake in shares of Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the period. Finally, Macroview Investment Management LLC grew its stake in shares of Alphabet by 165.8% during the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after purchasing an additional 199 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 230 shares of the business’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 transaction of $35,433.80. Following the transaction, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Alphabet news, Director Frances Arnold sold 230 shares of the business’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 transaction of $35,433.80. Following the transaction, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the transaction, the senior vice president now directly owns 144,685 shares in the company, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock valued at $36,377,482 over the last 90 days. 0.88% of the stock is currently owned by insiders.

Alphabet Stock Performance

GOOGL opened at $155.47 on Thursday. Alphabet Inc. has a 52-week low of $102.63 and a 52-week high of $160.22. The firm has a market capitalization of $1.93 trillion, a PE ratio of 26.81, a PEG ratio of 1.43 and a beta of 1.05. 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 $145.95 and its 200 day simple moving average is $140.29.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $70.77 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GOOGL shares. Susquehanna lifted their price objective on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. StockNews.com raised Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 20th. Wells Fargo & Company reduced their target price on Alphabet from $144.00 to $141.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 3rd. JMP Securities reiterated a “market outperform” rating and set a $160.00 target price on shares of Alphabet in a report on Wednesday, April 10th. Finally, Wolfe Research lifted their target price on Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a report 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $157.00.

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.