Patriot Financial Group Insurance Agency LLC Buys 2,567 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Patriot Financial Group Insurance Agency LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 11.5% in the fourth quarter, Holdings Channel reports. The fund owned 24,875 shares of the information services provider’s stock after acquiring an additional 2,567 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Alphabet were worth $3,475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Live Oak Investment Partners purchased a new stake in shares of Alphabet during the 4th quarter valued at approximately $26,000. VitalStone Financial LLC lifted its stake in shares of Alphabet by 1,900.0% during the 2nd quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock valued at $34,000 after buying an additional 266 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Alphabet during the 4th quarter valued at approximately $34,000. Turim 21 Investimentos Ltda. purchased a new stake in shares of Alphabet during the 3rd quarter valued at approximately $38,000. Finally, Meritage Group LP lifted its stake in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after buying an additional 276 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $155.00 price target on shares of Alphabet in a research note on Wednesday, January 31st. Redburn Atlantic increased their price target on shares of Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. KeyCorp increased their price target on shares of Alphabet from $153.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Citigroup increased their price target on shares of Alphabet from $153.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Barclays decreased their price target on shares of Alphabet from $180.00 to $173.00 and set an “overweight” rating on the stock in a report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $155.48.

View Our Latest Analysis on Alphabet

Alphabet Price Performance

Shares of Alphabet stock opened at $155.49 on Tuesday. The firm has a market cap of $1.93 trillion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.39 and a beta of 1.05. Alphabet Inc. has a 12-month low of $101.93 and a 12-month high of $155.74. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $143.76 and its two-hundred day simple moving average is $138.34.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same quarter last year, the firm earned $1.05 EPS. As a group, equities analysts expect that Alphabet Inc. will post 6.77 EPS for the current year.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider John Kent Walker sold 12,084 shares of Alphabet stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the sale, the insider now owns 48,717 shares of the company’s stock, valued at approximately $7,365,523.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. Insiders have sold a total of 246,799 shares of company stock valued at $34,971,139 in the last quarter. Insiders own 0.88% of the company’s stock.

Alphabet Profile

(Free Report)

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.

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Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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