Front Row Advisors LLC Has $388,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Front Row Advisors LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,898.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,056 shares of the information services provider’s stock after purchasing an additional 3,853 shares during the quarter. Front Row Advisors LLC’s holdings in Alphabet were worth $388,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GOOGL. Tiemann Investment Advisors LLC increased its position in shares of Alphabet by 1,916.0% in the third quarter. Tiemann Investment Advisors LLC now owns 24,615 shares of the information services provider’s stock worth $2,354,000 after purchasing an additional 23,394 shares during the period. Nvwm LLC grew its stake in shares of Alphabet by 1,876.3% in the third quarter. Nvwm LLC now owns 68,915 shares of the information services provider’s stock worth $6,592,000 after purchasing an additional 65,428 shares during the last quarter. Sowell Financial Services LLC bought a new stake in shares of Alphabet in the third quarter worth $7,473,000. Academy Capital Management Inc. TX lifted its holdings in Alphabet by 1,897.6% in the third quarter. Academy Capital Management Inc. TX now owns 162,766 shares of the information services provider’s stock valued at $15,569,000 after buying an additional 154,618 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in Alphabet by 2,016.3% during the third quarter. Neuberger Berman Group LLC now owns 9,666,188 shares of the information services provider’s stock valued at $925,271,000 after acquiring an additional 9,209,439 shares during the last quarter. 34.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. KeyCorp dropped their price objective on Alphabet from $118.00 to $117.00 and set an “overweight” rating on the stock in a research note on Monday, January 30th. Credit Suisse Group reduced their price target on shares of Alphabet from $145.00 to $136.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Evercore ISI reduced their price target on shares of Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, December 21st. Morgan Stanley lifted their price target on shares of Alphabet from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. Finally, Barclays lifted their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. Five investment analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $132.32.

Insider Transactions at Alphabet

In other news, SVP Prabhakar Raghavan sold 22,203 shares of Alphabet stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the completion of the sale, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Prabhakar Raghavan sold 22,203 shares of Alphabet stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total value of $1,992,719.25. Following the transaction, the senior vice president now owns 76,579 shares in the company, valued at approximately $6,872,965.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 11,313 shares of Alphabet stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $100.00, for a total transaction of $1,131,300.00. Following the completion of the transaction, the insider now owns 41,970 shares in the company, valued at approximately $4,197,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,745 shares of company stock valued at $3,424,078. Insiders own 11.44% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL opened at $93.97 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38. The stock’s 50-day simple moving average is $94.35 and its 200 day simple moving average is $96.30. The stock has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.25 and a beta of 1.09. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $143.79.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The company had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $63.15 billion. During the same period in the prior year, the firm posted $1.53 earnings per share. Research analysts forecast that Alphabet Inc. will post 5.12 EPS for the current fiscal year.

Alphabet Company Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.