Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Boosted by Fiduciary Alliance LLC

Fiduciary Alliance LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,782 shares of the information services provider’s stock after purchasing an additional 2,988 shares during the quarter. Fiduciary Alliance LLC’s holdings in Alphabet were worth $5,278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bornite Capital Management LP bought a new stake in shares of Alphabet during the 1st quarter worth $16,688,000. Markel Corp boosted its stake in shares of Alphabet by 17.0% during the 1st quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock worth $43,110,000 after acquiring an additional 2,250 shares in the last quarter. United Bank boosted its stake in shares of Alphabet by 5.9% during the 1st quarter. United Bank now owns 2,033 shares of the information services provider’s stock worth $5,654,000 after acquiring an additional 113 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Alphabet by 23.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock worth $900,929,000 after acquiring an additional 61,427 shares in the last quarter. Finally, Dakota Wealth Management boosted its stake in shares of Alphabet by 20.4% during the 1st quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock worth $25,806,000 after acquiring an additional 1,570 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GOOGL. Roth Mkm decreased their target price on Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 target price on shares of Alphabet in a research report on Wednesday, January 31st. Wolfe Research raised their target price on Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Truist Financial decreased their target price on Alphabet from $160.00 to $158.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Finally, StockNews.com upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Five 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $155.48.

Alphabet Stock Performance

GOOGL stock opened at $150.87 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The company has a 50 day moving average price of $143.33 and a 200 day moving average price of $138.03. Alphabet Inc. has a fifty-two week low of $99.74 and a fifty-two week high of $153.78. The stock has a market capitalization of $1.88 trillion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 1.39 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last issued 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. The company had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same quarter in the previous year, the company posted $1.05 EPS. Analysts forecast that Alphabet Inc. will post 6.77 EPS for the current year.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 240 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $140.51, for a total value of $33,722.40. Following the completion of the transaction, the director now owns 14,815 shares of the company’s stock, valued at approximately $2,081,655.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Amie Thuener O’toole sold 425 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $139.61, for a total value of $59,334.25. Following the completion of the transaction, the chief accounting officer now directly owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frances Arnold sold 240 shares of the company’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $140.51, for a total transaction of $33,722.40. Following the completion of the transaction, the director now directly owns 14,815 shares of the company’s stock, valued at $2,081,655.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 251,378 shares of company stock worth $35,461,377. Insiders own 0.88% of the company’s stock.

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.