Strata Wealth Advisors LLC Buys 17,251 Shares of Alphabet Inc. (NASDAQ:GOOG)

Strata Wealth Advisors LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOG) by 649.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,908 shares of the information services provider’s stock after acquiring an additional 17,251 shares during the period. Alphabet accounts for about 1.1% of Strata Wealth Advisors LLC’s investment portfolio, making the stock its 17th largest position. Strata Wealth Advisors LLC’s holdings in Alphabet were worth $2,806,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tandem Wealth Advisors LLC bought a new stake in Alphabet during the third quarter valued at about $25,000. Bruce G. Allen Investments LLC bought a new stake in Alphabet during the 4th quarter valued at approximately $26,000. Equitec Proprietary Markets LLC acquired a new stake in Alphabet in the 4th quarter valued at approximately $28,000. Buck Wealth Strategies LLC bought a new position in Alphabet in the 3rd quarter worth approximately $32,000. Finally, Barometer Capital Management Inc. bought a new position in Alphabet in the 3rd quarter worth approximately $32,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Frances Arnold sold 230 shares of the 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 sale, the director now owns 15,104 shares in the company, valued at approximately $2,326,922.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Frances Arnold sold 230 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the sale, the director now directly owns 15,104 shares in the company, valued at approximately $2,326,922.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 251,339 shares of company stock worth $36,377,482. Corporate insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GOOG shares. Morgan Stanley restated an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a research note on Thursday, April 11th. Susquehanna raised their price target 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. Raymond James boosted their price objective 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 increased their target price on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus boosted their price target on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $159.86.

Alphabet Stock Up 1.4 %

Shares of GOOG opened at $157.95 on Tuesday. 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 company has a 50-day moving average price of $147.65 and a two-hundred day moving average price of $142.12. The stock has a market cap of $1.96 trillion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 1.44 and a beta of 1.05. Alphabet Inc. has a 12 month low of $103.27 and a 12 month high of $161.70.

Alphabet (NASDAQ:GOOG) last posted its earnings results 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. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. During the same quarter last year, the company earned $1.05 EPS. Alphabet’s revenue was up 13.5% on a year-over-year basis. Equities analysts predict that Alphabet Inc. will post 6.78 EPS 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.