Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Quantum Private Wealth LLC

Quantum Private Wealth LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,930 shares of the information services provider’s stock after purchasing an additional 200 shares during the period. Alphabet makes up 1.7% of Quantum Private Wealth LLC’s portfolio, making the stock its 11th biggest position. Quantum Private Wealth LLC’s holdings in Alphabet were worth $4,041,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. Phoenix Wealth Advisors grew its stake in shares of Alphabet by 5.8% during the fourth quarter. Phoenix Wealth Advisors now owns 2,665 shares of the information services provider’s stock valued at $368,000 after acquiring an additional 145 shares in the last quarter. Duncker Streett & Co. Inc. raised its holdings in shares of Alphabet by 4.2% during the fourth quarter. Duncker Streett & Co. Inc. now owns 78,577 shares of the information services provider’s stock worth $10,976,000 after purchasing an additional 3,182 shares during the period. Sloy Dahl & Holst LLC raised its stake in Alphabet by 37.1% during the fourth quarter. Sloy Dahl & Holst LLC now owns 3,422 shares of the information services provider’s stock worth $478,000 after acquiring an additional 926 shares during the period. Guidance Point Advisors LLC boosted its stake in Alphabet by 21.5% in the fourth quarter. Guidance Point Advisors LLC now owns 2,589 shares of the information services provider’s stock valued at $362,000 after acquiring an additional 459 shares during the period. Finally, Scissortail Wealth Management LLC grew its holdings in shares of Alphabet by 274.7% during the fourth quarter. Scissortail Wealth Management LLC now owns 14,527 shares of the information services provider’s stock valued at $2,230,000 after purchasing an additional 10,650 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $159.13 on Thursday. Alphabet Inc. has a fifty-two week low of $102.63 and a fifty-two week high of $160.22. The firm’s 50 day simple moving average is $146.96 and its 200-day simple moving average is $141.06. 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 market cap of $1.98 trillion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $86.31 billion for 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 period in the previous year, the company posted $1.05 EPS. As a group, equities research analysts predict that Alphabet Inc. will post 6.78 EPS for the current year.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the transaction, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Alphabet news, 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was 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 in the company, valued at $362,516,961.51. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 251,339 shares of company stock valued at $36,377,482. Company insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Mizuho boosted their price objective on Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Royal Bank of Canada reissued an “outperform” rating and set a $155.00 price target on shares of Alphabet in a report on Wednesday, January 31st. Susquehanna increased their price objective on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Rosenblatt Securities reduced their target price on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Finally, Wells Fargo & Company decreased their target price on shares of Alphabet from $144.00 to $141.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd. Five equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $158.71.

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.