WMG Financial Advisors LLC Has $697,000 Stake in Alphabet Inc. (NASDAQ:GOOGL)

WMG Financial Advisors LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,900 shares of the information services provider’s stock after purchasing an additional 289 shares during the quarter. WMG Financial Advisors LLC’s holdings in Alphabet were worth $697,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. VitalStone Financial LLC acquired a new position in Alphabet during the fourth quarter worth approximately $25,000. Laurel Wealth Planning LLC increased its position in Alphabet by 1,900.0% during the third quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock worth $29,000 after buying an additional 285 shares during the last quarter. Coston McIsaac & Partners increased its position in Alphabet by 1,900.0% during the third quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock worth $30,000 after buying an additional 304 shares during the last quarter. McElhenny Sheffield Capital Management LLC acquired a new position in Alphabet during the fourth quarter worth approximately $33,000. Finally, TFO TDC LLC increased its position in Alphabet by 952.6% during the third quarter. TFO TDC LLC now owns 400 shares of the information services provider’s stock worth $38,000 after buying an additional 362 shares during the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.

Alphabet Price Performance

GOOGL stock opened at $123.48 on Friday. The stock has a market capitalization of $1.57 trillion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10. The company’s 50-day moving average is $108.64 and its 200-day moving average is $99.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $126.43.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The company had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $57.19 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. Equities research analysts expect that Alphabet Inc. will post 5.41 EPS for the current fiscal year.

Insider Activity at Alphabet

In related news, Director Ann Mather sold 380 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $90.05, for a total value of $34,219.00. Following the transaction, the director now owns 11,300 shares of the company’s stock, valued at approximately $1,017,565. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Alphabet news, Director Ann Mather sold 380 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the sale, the director now owns 11,300 shares in the company, valued at approximately $1,017,565. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 637 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $90.15, for a total transaction of $57,425.55. Following the completion of the sale, the chief accounting officer now owns 25,442 shares of the company’s stock, valued at approximately $2,293,596.30. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 732,217 shares of company stock valued at $21,135,371 and have sold 753,384 shares valued at $30,574,577. 0.88% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on GOOGL. Rosenblatt Securities lowered their price target on Alphabet from $130.00 to $128.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. Evercore ISI boosted their price objective on Alphabet from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. BNP Paribas upgraded Alphabet from a “neutral” rating to an “outperform” rating and set a $123.00 price objective for the company in a report on Friday, March 17th. Needham & Company LLC restated a “buy” rating and set a $115.00 price objective on shares of Alphabet in a report on Monday, April 3rd. Finally, Stifel Nicolaus began coverage on Alphabet in a report on Monday, March 20th. They set a “buy” rating and a $130.00 price objective for the company. Four analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $130.56.

Alphabet Company Profile

(Get Rating)

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.