Cottonwood Capital Advisors LLC Acquires 2,908 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Cottonwood Capital Advisors LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 69.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,114 shares of the information services provider’s stock after purchasing an additional 2,908 shares during the quarter. Alphabet comprises about 1.0% of Cottonwood Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Cottonwood Capital Advisors LLC’s holdings in Alphabet were worth $1,347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GOOGL. LMR Partners LLP acquired a new position in Alphabet in the 3rd quarter valued at $32,000. Denver PWM LLC grew its stake in Alphabet by 25.4% in the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after buying an additional 57 shares during the last quarter. Quarry LP acquired a new position in Alphabet in the 2nd quarter valued at $53,000. Teachers Insurance & Annuity Association of America acquired a new position in Alphabet in the 3rd quarter valued at $66,000. Finally, Mendota Financial Group LLC grew its stake in Alphabet by 19.0% in the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock valued at $67,000 after buying an additional 64 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research note on Thursday, December 12th. Cantor Fitzgerald decreased their price target on shares of Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. Needham & Company LLC raised their price target on shares of Alphabet from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday. BMO Capital Markets restated an “outperform” rating and issued a $217.00 price target (up from $215.00) on shares of Alphabet in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their price target on shares of Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Nine research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $209.82.

Alphabet Trading Up 2.8 %

Shares of NASDAQ GOOGL opened at $200.87 on Friday. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $202.29. The company has a market cap of $2.46 trillion, a PE 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. The company has a 50-day moving average of $187.53 and a two-hundred day moving average of $173.84.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion during 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 in the previous year, the firm posted $1.55 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the transaction, the chief executive officer now owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. The trade was a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. This represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,630 shares of company stock valued at $22,258,133 over the last ninety days. Insiders own 11.55% of the company’s stock.

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.