B.O.S.S. Retirement Advisors LLC Acquires 4,292 Shares of Alphabet Inc. (NASDAQ:GOOGL)

B.O.S.S. Retirement Advisors LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,585 shares of the information services provider’s stock after buying an additional 4,292 shares during the period. Alphabet accounts for approximately 1.2% of B.O.S.S. Retirement Advisors LLC’s holdings, making the stock its 12th biggest position. B.O.S.S. Retirement Advisors LLC’s holdings in Alphabet were worth $6,368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Live Oak Investment Partners acquired a new position in Alphabet in the 4th quarter valued at $26,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Alphabet in the 4th quarter worth $34,000. Turim 21 Investimentos Ltda. acquired a new stake in Alphabet in the 3rd quarter worth $38,000. Meritage Group LP grew its position 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 during the last quarter. Finally, Macroview Investment Management LLC grew its position 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 during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Down 0.3 %

Shares of NASDAQ GOOGL opened at $154.40 on Wednesday. The stock has a market cap of $1.92 trillion, a P/E ratio of 26.62, a P/E/G ratio of 1.46 and a beta of 1.05. The firm has a 50 day moving average price of $145.76 and a 200 day moving average price of $140.19. 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 Inc. has a 52-week low of $102.63 and a 52-week high of $160.22.

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

Insider Activity

In other news, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $159.56, for a total value of $127,648.00. Following the sale, the director now owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the sale, the director now directly owns 7,991 shares in the company, valued at approximately $1,275,043.96. The disclosure for this sale can be found here. Insiders sold 228,839 shares of company stock worth $32,835,757 over the last quarter. 0.88% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GOOGL shares. KeyCorp raised their price objective on shares of Alphabet from $153.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. UBS Group lifted their price target on shares of Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a report on Tuesday. JMP Securities reissued a “market outperform” rating and set a $160.00 price target on shares of Alphabet in a report on Wednesday, April 10th. Needham & Company LLC reissued a “buy” rating and set a $160.00 price target on shares of Alphabet in a report on Wednesday, January 31st. Finally, StockNews.com raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Five investment 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’s stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $156.64.

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.