Authentikos Wealth Advisory LLC Buys Shares of 1,071 Alphabet Inc. (NASDAQ:GOOGL)

Authentikos Wealth Advisory LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOGLFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,071 shares of the information services provider’s stock, valued at approximately $140,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Alphabet by 1,919.4% in the 3rd quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after purchasing an additional 453,413,389 shares in the last quarter. State Street Corp grew its holdings in shares of Alphabet by 0.8% during the 2nd quarter. State Street Corp now owns 218,540,033 shares of the information services provider’s stock worth $26,159,242,000 after purchasing an additional 1,666,205 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of Alphabet by 111,197.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock valued at $15,036,178,000 after acquiring an additional 170,267,122 shares during the last quarter. Geode Capital Management LLC increased its holdings in Alphabet by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 121,308,289 shares of the information services provider’s stock valued at $14,481,781,000 after purchasing an additional 2,731,671 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Alphabet by 1,759.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock valued at $11,106,502,000 after buying an additional 109,870,525 shares in the last quarter. 35.08% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

GOOGL opened at $145.91 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. Alphabet Inc. has a 52 week low of $88.57 and a 52 week high of $153.78. The company has a fifty day moving average price of $140.38 and a two-hundred day moving average price of $135.43. The firm has a market capitalization of $1.83 trillion, a PE ratio of 25.16, a P/E/G ratio of 1.33 and a beta of 1.06.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its earnings results 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. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. During the same period in the previous year, the company posted $1.05 earnings per share. As a group, analysts anticipate that Alphabet Inc. will post 6.76 earnings per share for the current year.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $141.43, for a total value of $3,182,175.00. Following the sale, the chief executive officer now directly owns 2,407,688 shares in the company, valued at approximately $340,519,313.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 420 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $133.32, for a total value of $55,994.40. Following the transaction, the chief accounting officer now directly owns 26,833 shares in the company, valued at $3,577,375.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $141.43, for a total transaction of $3,182,175.00. Following the completion of the transaction, the chief executive officer now owns 2,407,688 shares in the company, valued at approximately $340,519,313.84. The disclosure for this sale can be found here. Insiders have sold 136,974 shares of company stock valued at $19,427,217 in the last 90 days. 0.88% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Roth Mkm reduced their price objective on Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. JMP Securities boosted their target price on Alphabet from $150.00 to $160.00 and gave the company a “market outperform” rating in a report on Wednesday, January 31st. StockNews.com upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 20th. Needham & Company LLC reissued a “buy” rating and issued a $160.00 target price on shares of Alphabet in a report on Wednesday, January 31st. Finally, Mizuho lifted their target price on shares of Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Five research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.65.

Read Our Latest Stock Report on Alphabet

About Alphabet

(Free Report)

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Recommended Stories

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.