Eclectic Associates Inc. ADV Has $367,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Eclectic Associates Inc. ADV raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 26.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,939 shares of the information services provider’s stock after buying an additional 400 shares during the quarter. Eclectic Associates Inc. ADV’s holdings in Alphabet were worth $367,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Curated Wealth Partners LLC increased its stake in shares of Alphabet by 0.7% during the 4th quarter. Curated Wealth Partners LLC now owns 12,305 shares of the information services provider’s stock worth $2,329,000 after purchasing an additional 82 shares during the last quarter. Benin Management CORP increased its stake in shares of Alphabet by 8.8% during the 4th quarter. Benin Management CORP now owns 5,741 shares of the information services provider’s stock worth $1,087,000 after purchasing an additional 463 shares during the last quarter. Sachetta LLC increased its stake in shares of Alphabet by 9.4% during the 4th quarter. Sachetta LLC now owns 3,051 shares of the information services provider’s stock worth $578,000 after purchasing an additional 261 shares during the last quarter. Midwest Financial Group LLC increased its stake in shares of Alphabet by 21.1% during the 4th quarter. Midwest Financial Group LLC now owns 6,236 shares of the information services provider’s stock worth $1,181,000 after purchasing an additional 1,086 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Alphabet by 41.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 720,427 shares of the information services provider’s stock worth $136,377,000 after buying an additional 211,150 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on GOOGL shares. Royal Bank of Canada upped their price objective on shares of Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Loop Capital upped their price objective on shares of Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Wedbush upped their price objective on shares of Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Finally, Sanford C. Bernstein upped their price objective on shares of Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. 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 company. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $209.82.

Alphabet Trading Up 2.8 %

GOOGL opened at $200.87 on Friday. 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 stock has a market capitalization of $2.46 trillion, a PE ratio of 26.64, a PEG ratio of 1.27 and a beta of 0.98. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $202.29. The firm has a 50-day moving average price of $187.53 and a two-hundred day moving average price of $173.84.

Alphabet (NASDAQ:GOOGL) last posted 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 during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter last year, the company posted $1.55 EPS. As a group, equities analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Alphabet

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value 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 trade represents a 11.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares in the company, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,630 shares of company stock worth $22,258,133. 11.55% of the stock is currently owned by corporate insiders.

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.