Keystone Wealth Services LLC Acquires 694 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Keystone Wealth Services LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 8.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,147 shares of the information services provider’s stock after purchasing an additional 694 shares during the period. Keystone Wealth Services LLC’s holdings in Alphabet were worth $1,278,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. DC Investments Management LLC acquired a new position in shares of Alphabet during the first quarter worth $114,000. Bridgefront Capital LLC acquired a new position in shares of Alphabet during the first quarter worth $225,000. Worth Asset Management LLC acquired a new position in shares of Alphabet during the first quarter worth $206,000. Eudaimonia Advisors LLC increased its holdings in shares of Alphabet by 15.1% during the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after buying an additional 13 shares in the last quarter. Finally, Aspire Capital Advisors LLC acquired a new position in shares of Alphabet during the first quarter worth $281,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $150.87 on Thursday. Alphabet Inc. has a fifty-two week low of $99.74 and a fifty-two week high of $153.78. The stock has a market cap of $1.88 trillion, a price-to-earnings ratio of 26.01, a PEG ratio of 1.39 and a beta of 1.04. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The firm’s 50-day simple moving average is $143.33 and its 200 day simple moving average is $138.03.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter last year, the firm earned $1.05 EPS. As a group, research analysts anticipate that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 240 shares of Alphabet stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $140.51, for a total transaction of $33,722.40. Following the transaction, the director now owns 14,815 shares of the company’s stock, valued at approximately $2,081,655.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Alphabet news, Director Frances Arnold sold 240 shares of Alphabet stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $140.51, for a total transaction of $33,722.40. Following the transaction, the director now owns 14,815 shares of the company’s stock, valued at approximately $2,081,655.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 425 shares of Alphabet stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total transaction of $59,334.25. Following the transaction, the chief accounting officer now directly owns 27,259 shares in the company, valued at approximately $3,805,628.99. The disclosure for this sale can be found here. In the last quarter, insiders have sold 251,378 shares of company stock valued at $35,461,377. 0.88% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GOOGL shares. Truist Financial lowered their price target on shares of Alphabet from $160.00 to $158.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. JMP Securities increased their price objective on Alphabet from $150.00 to $160.00 and gave the company a “market outperform” rating in a report on Wednesday, January 31st. Barclays decreased their price objective on Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. Susquehanna increased their price objective on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Finally, Rosenblatt Securities decreased their price objective on Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $155.48.

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.