Traveka Wealth LLC Acquires New Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Traveka Wealth LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOGL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 16,640 shares of the information services provider’s stock, valued at approximately $2,324,000. Alphabet makes up approximately 1.2% of Traveka Wealth LLC’s holdings, making the stock its 24th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RWQ Financial Management Services Inc. boosted its stake in shares of Alphabet by 8.2% in the 4th quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock valued at $8,591,000 after purchasing an additional 4,664 shares in the last quarter. Ballast Advisors LLC boosted its stake in shares of Alphabet by 9.6% in the 3rd quarter. Ballast Advisors LLC now owns 15,747 shares of the information services provider’s stock valued at $2,061,000 after purchasing an additional 1,385 shares in the last quarter. Quantum Financial Advisors LLC boosted its stake in shares of Alphabet by 8.0% in the 3rd quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock valued at $998,000 after purchasing an additional 564 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Alphabet by 2.4% in the 3rd quarter. Acadian Asset Management LLC now owns 4,416,533 shares of the information services provider’s stock valued at $577,908,000 after purchasing an additional 104,366 shares in the last quarter. Finally, NatWest Group plc boosted its stake in shares of Alphabet by 239.0% in the 4th quarter. NatWest Group plc now owns 100,793 shares of the information services provider’s stock valued at $14,080,000 after purchasing an additional 71,057 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares in the company, valued at approximately $4,009,032.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $142.14, for a total transaction of $3,198,150.00. Following the completion of the transaction, the chief executive officer now owns 2,400,191 shares in the company, valued at approximately $341,163,148.74. The disclosure for this sale can be found here. Insiders have sold a total of 250,539 shares of company stock valued at $35,906,259 in the last 90 days. 0.88% of the stock is currently owned by insiders.

Alphabet Stock Performance

Shares of GOOGL stock opened at $159.41 on Friday. Alphabet Inc. has a one year low of $102.63 and a one year high of $159.68. The company’s 50-day moving average is $145.02 and its 200 day moving average is $139.53. The company has a market capitalization of $1.98 trillion, a price-to-earnings ratio of 27.48, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. 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 (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same period in the prior year, the firm posted $1.05 EPS. Sell-side analysts expect that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. KeyCorp upped their price objective on shares of Alphabet from $153.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. BMO Capital Markets reiterated an “outperform” rating and set a $185.00 price target (up from $178.00) on shares of Alphabet in a report on Wednesday. Barclays lowered their price target on shares of Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. Wolfe Research upped their price target on shares of Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, Redburn Atlantic upped their price target on shares of Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $155.61.

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.