Delta Financial Advisors LLC Has $6.48 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Delta Financial Advisors LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 45,980 shares of the information services provider’s stock after purchasing an additional 865 shares during the quarter. Alphabet comprises approximately 2.8% of Delta Financial Advisors LLC’s holdings, making the stock its 5th biggest holding. Delta Financial Advisors LLC’s holdings in Alphabet were worth $6,480,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Tandem Wealth Advisors LLC bought a new stake in shares of Alphabet during the 3rd quarter worth approximately $25,000. Bruce G. Allen Investments LLC bought a new stake in shares of Alphabet during the 4th quarter worth approximately $26,000. HWG Holdings LP bought a new stake in shares of Alphabet during the 2nd quarter worth approximately $26,000. Equitec Proprietary Markets LLC bought a new stake in shares of Alphabet during the 4th quarter worth approximately $28,000. Finally, Buck Wealth Strategies LLC bought a new stake in shares of Alphabet during the 3rd quarter worth approximately $32,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

GOOG stock opened at $155.72 on Friday. The company has a 50 day simple moving average of $147.46 and a 200 day simple moving average of $141.87. The stock has a market cap of $1.94 trillion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 1.45 and a beta of 1.05. Alphabet Inc. has a 1 year low of $103.27 and a 1 year high of $161.70. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $85.28 billion. During the same period in the prior year, the company posted $1.05 EPS. The company’s revenue was up 13.5% on a year-over-year basis. Research analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares in the company, valued at approximately $2,326,922.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Alphabet news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares in the company, valued at approximately $2,326,922.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at $4,009,032.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 251,339 shares of company stock worth $36,377,482. 12.99% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GOOG has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday. Raymond James upped their price target on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Oppenheimer upped their price objective on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Susquehanna upped their price objective on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $159.86.

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.