Petra Financial Advisors Inc. Has $310,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Petra Financial Advisors Inc. increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,222 shares of the information services provider’s stock after buying an additional 140 shares during the period. Petra Financial Advisors Inc.’s holdings in Alphabet were worth $310,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GOOGL. Live Oak Investment Partners bought a new stake in shares of Alphabet during the fourth quarter worth $26,000. Sanctuary Wealth Management L.L.C. bought a new stake in Alphabet during the 4th quarter worth about $34,000. Turim 21 Investimentos Ltda. acquired a new position in Alphabet during the 3rd quarter valued at about $38,000. Meritage Group LP boosted its stake in shares of Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 276 shares during the last quarter. Finally, Macroview Investment Management LLC grew its position in shares of Alphabet by 165.8% during the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after buying an additional 199 shares during the period. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on GOOGL shares. UBS Group increased their price objective on shares of Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a report on Tuesday. Royal Bank of Canada restated an “outperform” rating and issued a $155.00 price target on shares of Alphabet in a research report on Wednesday, January 31st. Barclays dropped their price objective on Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. BMO Capital Markets restated an “outperform” rating and set a $185.00 target price (up previously from $178.00) on shares of Alphabet in a report on Wednesday, April 10th. Finally, Roth Mkm lowered their price target on Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.97.

Alphabet Stock Up 0.3 %

Alphabet stock opened at $156.01 on Friday. Alphabet Inc. has a fifty-two week low of $102.63 and a fifty-two week high of $160.22. The firm has a market capitalization of $1.94 trillion, a PE ratio of 26.90, a P/E/G ratio of 1.42 and a beta of 1.05. The company’s 50-day moving average is $146.16 and its 200-day moving average is $140.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

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

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the transaction, the chief executive officer now owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the sale, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at $4,009,032.80. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock valued at $36,377,482 in the last three months. 0.88% of the stock is currently owned by company 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.