Beaumont Financial Partners LLC increased its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 876 shares of the information services provider’s stock after acquiring an additional 44 shares during the period. Beaumont Financial Partners LLC’s holdings in Alphabet were worth $1,172,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Lighthouse Financial Advisors Inc. acquired a new position in Alphabet during the 4th quarter worth $25,000. 1 North Wealth Services LLC acquired a new position in Alphabet during the 3rd quarter worth $40,000. OLD Second National Bank of Aurora lifted its holdings in Alphabet by 50.0% during the 4th quarter. OLD Second National Bank of Aurora now owns 30 shares of the information services provider’s stock worth $40,000 after buying an additional 10 shares in the last quarter. Wealthcare Capital Management LLC lifted its holdings in Alphabet by 300.0% during the 4th quarter. Wealthcare Capital Management LLC now owns 32 shares of the information services provider’s stock worth $43,000 after buying an additional 24 shares in the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new position in Alphabet during the 4th quarter worth $43,000. Institutional investors and hedge funds own 33.80% of the company’s stock.
Several research firms have issued reports on GOOG. Wedbush reaffirmed an “outperform” rating and set a $1,625.00 price objective on shares of Alphabet in a report on Tuesday, February 4th. UBS Group reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, February 4th. Piper Sandler increased their price target on Alphabet from $1,500.00 to $1,600.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, February 4th. Finally, Cfra increased their price target on Alphabet from $1,737.00 to $1,761.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. Alphabet has a consensus rating of “Buy” and an average price target of $1,591.10.
In related news, Director Ann Mather sold 31 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $1,300.50, for a total transaction of $40,315.50. Following the sale, the director now owns 1,773 shares of the company’s stock, valued at approximately $2,305,786.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Capitalg Lp sold 73,046 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $50.04, for a total value of $3,655,221.84. The disclosure for this sale can be found here. Insiders have sold a total of 5,013,643 shares of company stock worth $389,654,791 in the last ninety days. 12.99% of the stock is currently owned by company insiders.
GOOG stock opened at $1,514.66 on Friday. The company has a market cap of $1,040.52 billion, a P/E ratio of 30.80, a price-to-earnings-growth ratio of 1.69 and a beta of 1.02. Alphabet Inc has a twelve month low of $1,025.00 and a twelve month high of $1,529.63. The company has a quick ratio of 3.35, a current ratio of 3.37 and a debt-to-equity ratio of 0.07. The business’s fifty day moving average is $1,431.92 and its 200-day moving average is $1,295.96.
Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, February 3rd. The information services provider reported $15.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $12.76 by $2.59. The business had revenue of $46.08 billion for the quarter, compared to the consensus estimate of $46.87 billion. Alphabet had a return on equity of 18.66% and a net margin of 21.22%. The firm’s revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business posted $10.95 EPS. Research analysts anticipate that Alphabet Inc will post 54.5 earnings per share for the current fiscal year.
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
See Also: What is the Nikkei 225 index?
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOG).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.