Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Round Rock Advisors LLC

Round Rock Advisors LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 74.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,745 shares of the information services provider’s stock after purchasing an additional 4,575 shares during the quarter. Round Rock Advisors LLC’s holdings in Alphabet were worth $1,501,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Live Oak Investment Partners acquired a new stake in shares of Alphabet during the fourth quarter worth about $26,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Alphabet during the 4th quarter valued at approximately $34,000. Turim 21 Investimentos Ltda. purchased a new stake in shares of Alphabet in the 3rd quarter valued at $38,000. Meritage Group LP increased its stake in shares of Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after acquiring an additional 276 shares during the period. Finally, Macroview Investment Management LLC raised its holdings in shares of Alphabet by 165.8% during the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after purchasing an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction 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 $22,566,519.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $159.56, for a total value of $127,648.00. Following the transaction, the director now directly owns 7,991 shares in the company, valued at approximately $1,275,043.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 251,339 shares of company stock worth $36,377,482. Insiders own 0.88% of the company’s stock.

Alphabet Stock Up 0.3 %

Shares of GOOGL opened at $156.01 on Friday. The stock has a fifty day simple moving average of $146.16 and a two-hundred day simple moving average of $140.40. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.94 trillion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05. Alphabet Inc. has a 52-week low of $102.63 and a 52-week high of $160.22.

Alphabet (NASDAQ:GOOGL) last issued its 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 company had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. As a group, equities analysts forecast that Alphabet Inc. will post 6.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. 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. Citigroup restated a “buy” rating and issued a $168.00 target price on shares of Alphabet in a research note on Wednesday, April 10th. BMO Capital Markets reiterated an “outperform” rating and set a $185.00 price target (up from $178.00) on shares of Alphabet in a research report on Wednesday, April 10th. Wedbush restated an “outperform” rating and issued a $175.00 price objective on shares of Alphabet in a research report on Wednesday, April 10th. Finally, Redburn Atlantic lifted their target price 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-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.97.

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.