Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 72.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,388 shares of the information services provider’s stock after buying an additional 1,002 shares during the period. Whalen Wealth Management Inc.’s holdings in Alphabet were worth $452,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. LMR Partners LLP purchased a new stake in Alphabet in the third quarter valued at approximately $32,000. Denver PWM LLC grew its holdings in Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 57 shares during the period. Quarry LP purchased a new stake in Alphabet in the second quarter valued at approximately $53,000. Teachers Insurance & Annuity Association of America purchased a new stake in Alphabet in the third quarter valued at approximately $66,000. Finally, Mendota Financial Group LLC grew its holdings in Alphabet by 19.0% in the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock valued at $67,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of recent analyst reports. Scotiabank upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, October 11th. KeyCorp boosted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Pivotal Research boosted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Sanford C. Bernstein boosted their price objective on shares of Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $209.82.

Alphabet Trading Up 1.8 %

Shares of NASDAQ:GOOGL opened at $195.30 on Wednesday. The company has a market cap of $2.39 trillion, a PE ratio of 25.90, a P/E/G ratio of 1.27 and a beta of 0.98. The company’s 50-day moving average price is $186.79 and its 200 day moving average price is $173.61. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $202.29. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period last year, the firm posted $1.55 EPS. Sell-side analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current year.

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the transaction, the director now owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. This trade represents a 2.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the transaction, the chief accounting officer now directly owns 26,349 shares in the company, valued at approximately $4,516,745.58. The trade was a 4.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,887 shares of company stock worth $22,470,464 in the last ninety days. 11.55% of the stock is owned by insiders.

Alphabet 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.