Secure Asset Management LLC Has $3.77 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Secure Asset Management LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 21.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,936 shares of the information services provider’s stock after purchasing an additional 3,476 shares during the quarter. Secure Asset Management LLC’s holdings in Alphabet were worth $3,774,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GOOGL. LMR Partners LLP acquired a new stake in Alphabet in the third quarter valued at $32,000. Denver PWM LLC lifted its stake 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 acquiring an additional 57 shares during the last quarter. Quarry LP acquired a new stake in Alphabet in the second quarter valued at $53,000. Teachers Insurance & Annuity Association of America acquired a new stake in Alphabet in the third quarter valued at $66,000. Finally, Mendota Financial Group LLC lifted its stake 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 acquiring an additional 64 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Up 1.8 %

Shares of Alphabet stock opened at $195.30 on Wednesday. The firm has a market capitalization of $2.39 trillion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $186.79 and its 200 day moving average is $173.61. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $202.29.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the previous year, the firm posted $1.55 EPS. Equities research analysts forecast that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 441 shares of Alphabet stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the sale, the director now directly owns 16,490 shares in the company, valued at $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 Alphabet stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $171.42, for a total transaction of $234,331.14. Following the sale, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,516,745.58. This represents a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,887 shares of company stock valued at $22,470,464. 11.55% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on GOOGL. Sanford C. Bernstein increased their price target on shares of Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. China Renaissance upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC raised their target price on shares of Alphabet from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group restated a “buy” rating and set a $210.00 target price on shares of Alphabet in a research note on Thursday, December 12th. Finally, Cantor Fitzgerald cut their target price on shares of Alphabet from $215.00 to $210.00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $209.82.

Alphabet Company 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.