M Holdings Securities Inc. Has $4.58 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

M Holdings Securities Inc. lifted its holdings in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,851.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,621 shares of the information services provider’s stock after purchasing an additional 45,181 shares during the period. M Holdings Securities Inc.’s holdings in Alphabet were worth $4,579,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Walled Lake Planning & Wealth Management LLC lifted its stake in shares of Alphabet by 1,900.0% in the 3rd quarter. Walled Lake Planning & Wealth Management LLC now owns 34,120 shares of the information services provider’s stock valued at $3,281,000 after purchasing an additional 32,414 shares during the last quarter. Grand Jean Capital Management Inc. lifted its stake in shares of Alphabet by 1,926.2% in the 3rd quarter. Grand Jean Capital Management Inc. now owns 137,135 shares of the information services provider’s stock valued at $13,186,000 after purchasing an additional 130,367 shares during the last quarter. Connecticut Wealth Management LLC lifted its position in Alphabet by 1,415.4% during the 3rd quarter. Connecticut Wealth Management LLC now owns 8,350 shares of the information services provider’s stock worth $803,000 after acquiring an additional 7,799 shares during the last quarter. Clarity Financial LLC lifted its position in Alphabet by 2,118.6% during the 3rd quarter. Clarity Financial LLC now owns 61,722 shares of the information services provider’s stock worth $5,935,000 after acquiring an additional 58,940 shares during the last quarter. Finally, Element Wealth LLC lifted its position in Alphabet by 2,245.1% during the 3rd quarter. Element Wealth LLC now owns 2,861 shares of the information services provider’s stock worth $275,000 after acquiring an additional 2,739 shares during the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $96.55 on Thursday. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.24 trillion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.26 and a beta of 1.09. Alphabet Inc. has a 1-year low of $83.45 and a 1-year high of $144.16. The firm’s 50-day moving average price is $95.12 and its two-hundred day moving average price is $96.84.

Alphabet (NASDAQ:GOOG – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.09). The firm had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $76.49 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. Alphabet’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.53 earnings per share. On average, equities analysts predict that Alphabet Inc. will post 5.12 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Prabhakar Raghavan sold 22,203 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Prabhakar Raghavan sold 22,203 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 380 shares of the stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total transaction of $33,911.20. Following the sale, the director now directly owns 11,300 shares in the company, valued at $1,008,412. The disclosure for this sale can be found here. Insiders have sold 36,745 shares of company stock valued at $3,424,078 over the last three months. 12.99% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research analyst reports. Credit Suisse Group set a $136.00 target price on shares of Alphabet in a research report on Friday, February 3rd. Cowen cut their target price on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, January 11th. Jefferies Financial Group set a $125.00 target price on shares of Alphabet in a research report on Friday, February 3rd. Bank of America boosted their target price on shares of Alphabet from $116.00 to $119.00 and gave the stock a “buy” rating in a research report on Tuesday, January 31st. Finally, Royal Bank of Canada set a $130.00 target price on shares of Alphabet in a research report on Friday, February 3rd. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.13.

About Alphabet

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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.