Integral Investment Advisors Inc. Has $800,000 Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Integral Investment Advisors Inc. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,724 shares of the information services provider’s stock after selling 77 shares during the quarter. Integral Investment Advisors Inc.’s holdings in Alphabet were worth $800,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Ninety One SA PTY Ltd increased its stake in shares of Alphabet by 19.1% during the 4th quarter. Ninety One SA PTY Ltd now owns 145,462 shares of the information services provider’s stock worth $20,320,000 after purchasing an additional 23,289 shares during the last quarter. Tilt Investment Management Holdings PBC acquired a new position in shares of Alphabet during the 4th quarter worth $3,241,000. Cambridge Trust Co. increased its stake in shares of Alphabet by 0.8% during the 4th quarter. Cambridge Trust Co. now owns 481,770 shares of the information services provider’s stock worth $67,298,000 after purchasing an additional 4,054 shares during the last quarter. Oliver Lagore Vanvalin Investment Group increased its stake in shares of Alphabet by 31.2% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 16,571 shares of the information services provider’s stock worth $2,315,000 after purchasing an additional 3,943 shares during the last quarter. Finally, Viewpoint Investment Partners Corp acquired a new position in shares of Alphabet during the 4th quarter worth $279,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Up 10.2 %

Shares of GOOGL stock opened at $171.95 on Friday. Alphabet Inc. has a 12-month low of $103.54 and a 12-month high of $174.71. The company has a market capitalization of $2.14 trillion, a P/E ratio of 29.65, a P/E/G ratio of 1.47 and a beta of 1.05. The firm has a 50-day moving average price of $147.85 and a 200 day moving average price of $141.39. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) 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 the consensus estimate of $70.77 billion. During the same period last year, the firm posted $1.05 EPS. Research analysts forecast that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of research analyst reports. Raymond James raised their target price on shares of Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group raised their target price on shares of Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Wedbush raised their target price on shares of Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday. Truist Financial raised their target price on shares of Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Friday. Finally, Canaccord Genuity Group raised their target price on shares of Alphabet from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $187.82.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 15,104 shares in the company, valued at approximately $2,326,922.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction dated 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 owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. Insiders sold 253,439 shares of company stock valued at $36,746,578 in the last ninety days. Insiders own 0.88% of the company’s stock.

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.