Kellett Wealth Advisors LLC Purchases 98 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Kellett Wealth Advisors LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,558 shares of the information services provider’s stock after buying an additional 98 shares during the quarter. Kellett Wealth Advisors LLC’s holdings in Alphabet were worth $357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its position in Alphabet by 5.6% during the third quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after purchasing an additional 12,070,681 shares during the period. International Assets Investment Management LLC boosted its position in Alphabet by 4,894.1% during the fourth quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider’s stock worth $7,606,670,000 after purchasing an additional 5,336,359 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Alphabet during the third quarter worth $634,465,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Alphabet during the third quarter worth $601,545,000. Finally, Lone Pine Capital LLC acquired a new stake in shares of Alphabet during the third quarter worth $407,367,000. 40.03% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now owns 5,891 shares in the company, valued at approximately $1,035,402.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the transaction, the director now owns 5,891 shares in the company, valued at approximately $1,035,402.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the transaction, the director now owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 253,439 shares of company stock worth $36,746,578. 0.88% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research reports. Needham & Company LLC lifted their target price on Alphabet from $160.00 to $210.00 and gave the stock a “buy” rating in a report on Friday. Wedbush boosted their price target on Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday. Mizuho boosted their price target on Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company boosted their price target on Alphabet from $141.00 to $168.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Susquehanna boosted their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $187.82.

Alphabet Stock Up 10.2 %

Shares of NASDAQ:GOOGL opened at $171.95 on Friday. The company has a market capitalization of $2.14 trillion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The business has a fifty day moving average price of $147.85 and a two-hundred day moving average price of $141.39. Alphabet Inc. has a 1 year low of $103.54 and a 1 year high of $174.71.

Alphabet (NASDAQ:GOOGL) last posted its quarterly 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. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same quarter in the prior year, the company earned $1.05 EPS. Analysts forecast that Alphabet Inc. will post 6.78 earnings per share for the current year.

Alphabet Company 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.