Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Stratos Wealth Advisors LLC


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Stratos Wealth Advisors LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 456 shares of the information services provider’s stock after purchasing an additional 28 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Alphabet were worth $941,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. Kinloch Capital LLC purchased a new stake in Alphabet in the 4th quarter valued at $28,000. Resolute Partners Group purchased a new stake in Alphabet in the 4th quarter valued at $28,000. ForthRight Wealth Management LLC purchased a new stake in Alphabet in the 4th quarter valued at $32,000. Cowa LLC purchased a new stake in Alphabet in the 4th quarter valued at $38,000. Finally, Cypress Point Wealth Management LLC purchased a new stake in Alphabet in the 4th quarter valued at $39,000. 33.79% of the stock is owned by hedge funds and other institutional investors.

GOOGL has been the subject of several analyst reports. Wolfe Research initiated coverage on Alphabet in a report on Thursday, April 1st. They issued an “outperform” rating and a $2,450.00 target price for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 3rd. Truist Securities increased their price target on Alphabet from $2,250.00 to $2,400.00 and gave the stock a “buy” rating in a report on Monday. MKM Partners reiterated a “buy” rating and set a $2,200.00 price target (up from $1,950.00) on shares of Alphabet in a report on Wednesday, February 3rd. Finally, China Renaissance Securities upgraded Alphabet from a “hold” rating to a “buy” rating and increased their price target for the stock from $1,477.00 to $3,000.00 in a report on Monday. One equities research analyst has rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $2,473.33.

GOOGL opened at $2,343.08 on Tuesday. The firm has a market cap of $1.58 trillion, a price-to-earnings ratio of 45.28, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. Alphabet Inc. has a 52 week low of $1,296.01 and a 52 week high of $2,431.38. The business’s 50 day moving average is $2,185.49 and its two-hundred day moving average is $1,918.57. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, April 26th. The information services provider reported $26.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $15.82 by $10.47. Alphabet had a return on equity of 17.31% and a net margin of 20.80%. During the same period in the prior year, the firm earned $9.87 EPS. Equities analysts expect that Alphabet Inc. will post 52.19 EPS for the current fiscal year.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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