Physicians Financial Services Inc. Buys 600 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Physicians Financial Services Inc. boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 82,882 shares of the information services provider’s stock after purchasing an additional 600 shares during the period. Alphabet makes up approximately 4.4% of Physicians Financial Services Inc.’s portfolio, making the stock its 4th biggest holding. Physicians Financial Services Inc.’s holdings in Alphabet were worth $11,578,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Seelaus Asset Management LLC grew its position in Alphabet by 6.4% during the 4th quarter. Seelaus Asset Management LLC now owns 17,908 shares of the information services provider’s stock worth $2,502,000 after purchasing an additional 1,077 shares during the period. LB Partners LLC purchased a new stake in shares of Alphabet during the 4th quarter worth about $2,654,000. Aaron Wealth Advisors LLC boosted its stake in shares of Alphabet by 18.7% during the 4th quarter. Aaron Wealth Advisors LLC now owns 17,325 shares of the information services provider’s stock worth $2,420,000 after acquiring an additional 2,726 shares in the last quarter. Custom Index Systems LLC purchased a new stake in shares of Alphabet during the 4th quarter worth about $1,607,000. Finally, Hendershot Investments Inc. boosted its stake in shares of Alphabet by 1.6% during the 4th quarter. Hendershot Investments Inc. now owns 192,130 shares of the information services provider’s stock worth $26,839,000 after acquiring an additional 2,949 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Up 0.3 %

Alphabet stock opened at $156.01 on Friday. Alphabet Inc. has a fifty-two week low of $102.63 and a fifty-two week high of $160.22. 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 firm has a 50 day moving average price of $146.16 and a 200 day moving average price of $140.40. The company has a market capitalization of $1.94 trillion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share 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 quarter last year, the firm earned $1.05 EPS. Research analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current year.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the sale, the chief executive officer now owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the transaction, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 251,339 shares of company stock worth $36,377,482. Insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Mizuho increased their target price on shares of Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 price target on shares of Alphabet in a research note on Wednesday, April 10th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $185.00 price target (up from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Alphabet in a research note on Wednesday, April 10th. Finally, KeyCorp raised their price target on shares of Alphabet from $153.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Five analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $157.97.

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.