Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 31.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,571 shares of the information services provider’s stock after acquiring an additional 3,943 shares during the period. Alphabet accounts for approximately 0.9% of Oliver Lagore Vanvalin Investment Group’s portfolio, making the stock its 18th biggest position. Oliver Lagore Vanvalin Investment Group’s holdings in Alphabet were worth $2,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GOOGL. Aire Advisors LLC increased its position in shares of Alphabet by 0.6% during the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after purchasing an additional 68 shares during the period. Defined Wealth Management LLC raised its position in Alphabet by 2.9% in the fourth quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock worth $354,000 after acquiring an additional 71 shares in the last quarter. WealthCare Investment Partners LLC lifted its holdings in Alphabet by 2.1% in the 4th quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider’s stock valued at $482,000 after acquiring an additional 71 shares during the last quarter. Peoples Financial Services CORP. boosted its position in shares of Alphabet by 0.4% during the 4th quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider’s stock valued at $2,331,000 after purchasing an additional 72 shares in the last quarter. Finally, RAM Investment Partners LLC grew its stake in shares of Alphabet by 1.0% in the 4th quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider’s stock worth $1,055,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Up 10.2 %

Shares of GOOGL stock opened at $171.95 on Friday. Alphabet Inc. has a 12 month low of $103.54 and a 12 month high of $174.71. 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 firm has a market cap of $2.14 trillion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05. The stock has a 50 day moving average of $147.85 and a 200-day moving average of $141.39.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm 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 period in the prior year, the company earned $1.05 EPS. On average, equities analysts predict that Alphabet Inc. will post 6.78 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on GOOGL shares. JMP Securities raised their target price on shares of Alphabet from $160.00 to $200.00 and gave the stock a “market outperform” rating in a report on Friday. KeyCorp boosted their target price on Alphabet from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Oppenheimer increased their price target on Alphabet from $185.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday. Stifel Nicolaus upped their price objective on shares of Alphabet from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Friday. Finally, BMO Capital Markets lifted their target price on shares of Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $187.82.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 2,100 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the sale, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Frances Arnold sold 230 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the transaction, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 2,100 shares of Alphabet stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the sale, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 253,439 shares of company stock worth $36,746,578. Company insiders own 0.88% of the company’s stock.

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.