Symmetry Partners LLC Acquires 530 Shares of Alphabet Inc. (NASDAQ:GOOG)

Symmetry Partners LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,810 shares of the information services provider’s stock after purchasing an additional 530 shares during the quarter. Symmetry Partners LLC’s holdings in Alphabet were worth $3,621,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Avondale Wealth Management bought a new position in shares of Alphabet during the 4th quarter valued at $44,000. First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of Alphabet by 10.6% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 19,697 shares of the information services provider’s stock valued at $1,748,000 after purchasing an additional 1,885 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in shares of Alphabet by 1.8% during the 4th quarter. Capital Investment Advisors LLC now owns 25,172 shares of the information services provider’s stock valued at $2,234,000 after purchasing an additional 447 shares in the last quarter. West Oak Capital LLC raised its holdings in shares of Alphabet by 2.7% during the 4th quarter. West Oak Capital LLC now owns 24,740 shares of the information services provider’s stock valued at $2,195,000 after purchasing an additional 640 shares in the last quarter. Finally, Future Financial Wealth Managment LLC raised its holdings in Alphabet by 2,191.6% in the 4th quarter. Future Financial Wealth Managment LLC now owns 10,885 shares of the information services provider’s stock worth $966,000 after acquiring an additional 10,410 shares during the period. Institutional investors own 28.69% of the company’s stock.

Alphabet Price Performance

NASDAQ:GOOG opened at $102.46 on Friday. The firm has a market cap of $1.31 trillion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 1.30 and a beta of 1.09. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $144.16. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $95.69 and its two-hundred day moving average price is $96.82.

Alphabet (NASDAQ:GOOG – Get Rating) last announced its earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The company had revenue of $76.05 billion during the quarter, compared to the consensus estimate of $76.49 billion. During the same period in the prior year, the firm posted $1.53 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. On average, equities analysts anticipate that Alphabet Inc. will post 5.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GOOG shares. JPMorgan Chase & Co. set a $118.00 target price on shares of Alphabet in a report on Thursday, February 9th. Piper Sandler decreased their price target on shares of Alphabet from $122.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, February 3rd. The Goldman Sachs Group set a $128.00 price target on shares of Alphabet in a research report on Friday, February 3rd. Cowen decreased their price target on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 11th. Finally, Credit Suisse Group set a $136.00 price target on shares of Alphabet in a research report on Friday, February 3rd. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $137.13.

Insiders Place Their Bets

In related news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the company’s stock in a transaction on Monday, March 13th. The stock was bought at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the purchase, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was acquired at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the purchase, the insider now directly owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 37,500 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the sale, the director now directly owns 144,740 shares of the company’s stock, valued at $14,474,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,245 shares of company stock valued at $7,174,078. Insiders own 12.99% of the company’s stock.

Alphabet Company Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.