Bennett Selby Investments LP Buys 52 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Bennett Selby Investments LP boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,354 shares of the information services provider’s stock after acquiring an additional 52 shares during the period. Bennett Selby Investments LP’s holdings in Alphabet were worth $256,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Firethorn Wealth Partners LLC boosted its holdings in shares of Alphabet by 2.2% during the 4th quarter. Firethorn Wealth Partners LLC now owns 10,275 shares of the information services provider’s stock valued at $1,945,000 after buying an additional 219 shares in the last quarter. Pflug Koory LLC boosted its stake in Alphabet by 2.2% in the 4th quarter. Pflug Koory LLC now owns 10,069 shares of the information services provider’s stock worth $1,906,000 after purchasing an additional 215 shares in the last quarter. Vishria Bird Financial Group LLC boosted its stake in Alphabet by 138.6% in the 4th quarter. Vishria Bird Financial Group LLC now owns 124,707 shares of the information services provider’s stock worth $23,607,000 after purchasing an additional 72,430 shares in the last quarter. Cornerstone Wealth Advisors Inc. bought a new position in Alphabet in the 4th quarter worth about $225,000. Finally, Cottonwood Capital Advisors LLC boosted its stake in Alphabet by 69.1% in the 4th quarter. Cottonwood Capital Advisors LLC now owns 7,114 shares of the information services provider’s stock worth $1,347,000 after purchasing an additional 2,908 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $200.87 on Friday. The firm has a market cap of $2.46 trillion, a P/E ratio of 26.64, a P/E/G 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. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $202.29. The stock’s fifty day moving average price is $187.53 and its 200-day moving average price is $173.84.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS 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 analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter last year, the firm posted $1.55 earnings per share. On average, equities research analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Alphabet from $212.00 to $232.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Sanford C. Bernstein upped their price target 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. Wolfe Research boosted their target price on Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. The Goldman Sachs Group reissued a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Finally, Roth Mkm boosted their target price on Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Nine investment 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $209.82.

Insider Activity

In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the sale, the chief executive officer now owns 2,084,306 shares of the company’s stock, valued at $369,672,512.16. This trade represents a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $75,437.46. Following the sale, the director now directly owns 16,490 shares in the company, valued at approximately $2,820,779.40. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,630 shares of company stock worth $22,258,133. Company insiders own 11.55% of the company’s stock.

About Alphabet

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.