1,190 Shares in Alphabet Inc. (NASDAQ:GOOGL) Acquired by Cornerstone Wealth Advisors Inc.

Cornerstone Wealth Advisors Inc. purchased a new position in Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, HoldingsChannel reports. The fund purchased 1,190 shares of the information services provider’s stock, valued at approximately $225,000.

A number of other large investors also recently added to or reduced their stakes in the business. Miramar Capital LLC raised its holdings in shares of Alphabet by 78.8% during the 2nd quarter. Miramar Capital LLC now owns 43,854 shares of the information services provider’s stock worth $7,988,000 after acquiring an additional 19,332 shares in the last quarter. Kendall Capital Management raised its holdings in shares of Alphabet by 5.6% during the 2nd quarter. Kendall Capital Management now owns 15,770 shares of the information services provider’s stock worth $2,873,000 after acquiring an additional 830 shares in the last quarter. Concorde Asset Management LLC raised its holdings in shares of Alphabet by 15.8% during the 2nd quarter. Concorde Asset Management LLC now owns 2,266 shares of the information services provider’s stock worth $413,000 after acquiring an additional 310 shares in the last quarter. Riverview Capital Advisers LLC raised its holdings in shares of Alphabet by 0.7% during the 2nd quarter. Riverview Capital Advisers LLC now owns 21,140 shares of the information services provider’s stock worth $3,851,000 after acquiring an additional 150 shares in the last quarter. Finally, Haverford Financial Services Inc. purchased a new stake in shares of Alphabet during the 2nd quarter worth approximately $7,006,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Up 2.8 %

Alphabet stock opened at $200.87 on Friday. The stock has a 50-day moving average of $187.53 and a two-hundred day moving average of $173.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a one year low of $130.66 and a one year high of $202.29. The stock has a market cap of $2.46 trillion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GOOGL shares. The Goldman Sachs Group reissued a “buy” rating and set a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Phillip Securities raised Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Roth Mkm boosted their target price on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Nine equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $209.82.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $197.55, for a total value of $559,856.70. Following the transaction, the chief accounting officer now directly owns 20,681 shares of the company’s stock, valued at approximately $4,085,531.55. This represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,084,306 shares in the company, valued at $369,672,512.16. This represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,630 shares of company stock worth $22,258,133. 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.