Callahan Advisors LLC Grows Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Callahan Advisors LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,881 shares of the information services provider’s stock after buying an additional 108 shares during the quarter. Callahan Advisors LLC’s holdings in Alphabet were worth $2,638,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Live Oak Investment Partners purchased a new stake in Alphabet in the 4th quarter worth $26,000. Sanctuary Wealth Management L.L.C. purchased a new stake in Alphabet in the 4th quarter worth $34,000. Turim 21 Investimentos Ltda. purchased a new stake in Alphabet in the 3rd quarter worth $38,000. Meritage Group LP lifted its stake in Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares in the last quarter. Finally, Macroview Investment Management LLC lifted its stake in Alphabet by 165.8% in the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after purchasing an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 660 shares of the company’s stock in a transaction that occurred 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 completion of 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frances Arnold sold 230 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the sale, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 250,539 shares of company stock valued at $35,906,259. Company insiders own 0.88% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL opened at $157.73 on Friday. The company has a 50 day moving average price of $145.33 and a 200-day moving average price of $139.72. Alphabet Inc. has a fifty-two week low of $102.63 and a fifty-two week high of $160.22. The stock has a market capitalization of $1.96 trillion, a PE ratio of 27.19, a PEG ratio of 1.44 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter in the prior year, the company earned $1.05 EPS. Equities analysts predict that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of research reports. Redburn Atlantic boosted their target price on shares of Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. BMO Capital Markets restated an “outperform” rating and issued a $185.00 target price (up from $178.00) on shares of Alphabet in a report on Wednesday. Mizuho boosted their target price on shares of Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Rosenblatt Securities reduced their target price on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Finally, Wedbush restated an “outperform” rating and issued a $175.00 target price on shares of Alphabet in a report on Wednesday. Five analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $155.61.

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.