Realta Investment Advisors Buys 3,353 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Realta Investment Advisors raised its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,620 shares of the information services provider’s stock after buying an additional 3,353 shares during the period. Alphabet comprises about 1.0% of Realta Investment Advisors’ holdings, making the stock its 15th largest position. Realta Investment Advisors’ holdings in Alphabet were worth $4,417,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Live Oak Investment Partners bought a new position in shares of Alphabet in the fourth quarter valued at $26,000. VitalStone Financial LLC lifted its stake in shares of Alphabet by 1,900.0% in the second quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock valued at $34,000 after buying an additional 266 shares in the last quarter. Sanctuary Wealth Management L.L.C. bought a new position in shares of Alphabet during the fourth quarter valued at about $34,000. Turim 21 Investimentos Ltda. bought a new position in shares of Alphabet during the third quarter valued at about $38,000. Finally, Meritage Group LP lifted its position in shares of Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 276 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the completion of the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Prabhakar Raghavan sold 3,258 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The disclosure for this sale can be found here. Insiders sold a total of 228,239 shares of company stock valued at $32,432,382 in the last quarter. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Alphabet from $144.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Wedbush raised their price target on shares of Alphabet from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Roth Mkm dropped their price target on shares of Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Truist Financial decreased their price objective 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. Finally, Rosenblatt Securities lowered their price objective on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.39.

Alphabet Stock Performance

Alphabet stock opened at $154.92 on Thursday. The firm’s 50 day simple moving average is $144.10 and its 200 day simple moving average is $138.58. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.93 trillion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. Alphabet Inc. has a 1-year low of $102.63 and a 1-year high of $155.74.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter in the previous year, the company earned $1.05 EPS. As a group, analysts expect that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

About Alphabet

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.