Pathway Financial Advisors LLC Grows Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Pathway Financial Advisors LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 18.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,920 shares of the information services provider’s stock after acquiring an additional 620 shares during the quarter. Pathway Financial Advisors LLC’s holdings in Alphabet were worth $552,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caliber Wealth Management LLC boosted its position in Alphabet by 2.6% in the third quarter. Caliber Wealth Management LLC now owns 22,036 shares of the information services provider’s stock valued at $2,905,000 after buying an additional 551 shares during the last quarter. Venture Visionary Partners LLC increased its stake in shares of Alphabet by 0.8% in the third quarter. Venture Visionary Partners LLC now owns 75,729 shares of the information services provider’s stock worth $9,985,000 after acquiring an additional 598 shares during the period. Global Retirement Partners LLC lifted its position in Alphabet by 7.2% during the third quarter. Global Retirement Partners LLC now owns 50,542 shares of the information services provider’s stock valued at $6,887,000 after purchasing an additional 3,374 shares during the period. CGN Advisors LLC boosted its holdings in Alphabet by 56.5% in the third quarter. CGN Advisors LLC now owns 6,299 shares of the information services provider’s stock valued at $831,000 after purchasing an additional 2,275 shares during the last quarter. Finally, CRA Financial Services LLC grew its position in Alphabet by 0.5% during the 3rd quarter. CRA Financial Services LLC now owns 27,740 shares of the information services provider’s stock worth $3,658,000 after purchasing an additional 130 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the sale, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction 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 sale, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 251,339 shares of company stock valued at $36,377,482. 12.99% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Oppenheimer upped their target price on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Susquehanna raised their price objective on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Stifel Nicolaus boosted their target price on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley restated an “overweight” rating and set a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. Finally, Raymond James increased their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Alphabet has an average rating of “Buy” and an average target price of $159.86.

Alphabet Stock Up 1.4 %

GOOG stock opened at $157.95 on Tuesday. Alphabet Inc. has a 52 week low of $103.27 and a 52 week high of $161.70. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm has a 50-day simple moving average of $147.65 and a 200-day simple moving average of $142.12. The stock has a market capitalization of $1.96 trillion, a P/E ratio of 27.23, a P/E/G ratio of 1.44 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion during the quarter, compared to analyst estimates of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. Alphabet’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 EPS. Equities analysts forecast that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

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.