Bfsg LLC Acquires 468 Shares of Alphabet Inc. (NASDAQ:GOOG)

Bfsg LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,399 shares of the information services provider’s stock after acquiring an additional 468 shares during the quarter. Bfsg LLC’s holdings in Alphabet were worth $5,975,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC acquired a new stake in Alphabet during the 4th quarter worth approximately $26,000. Tandem Wealth Advisors LLC bought a new stake in Alphabet during the 3rd quarter valued at $25,000. Equitec Proprietary Markets LLC bought a new stake in Alphabet during the 4th quarter valued at $28,000. Buck Wealth Strategies LLC purchased a new position in Alphabet during the 3rd quarter worth $32,000. Finally, Barometer Capital Management Inc. purchased a new position in shares of Alphabet in the 3rd quarter worth about $32,000. 27.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus upped their price target on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Susquehanna increased their price objective on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Oppenheimer raised their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Morgan Stanley reissued an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Finally, Raymond James raised their target price on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Alphabet has an average rating of “Buy” and an average target price of $159.86.

Alphabet Trading Up 11.6 %

Shares of NASDAQ:GOOG opened at $176.28 on Friday. The business’s 50-day moving average is $148.48 and its 200 day moving average is $142.51. Alphabet Inc. has a 1 year low of $104.42 and a 1 year high of $176.28. The firm has a market capitalization of $2.19 trillion, a P/E ratio of 27.23, a P/E/G ratio of 1.48 and a beta of 1.05. 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:GOOG) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 earnings per share. On average, research analysts predict that Alphabet Inc. will post 6.79 earnings per share for the current fiscal year.

Insider Activity

In other Alphabet news, 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 transaction, the director now owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the transaction, the director now directly owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock worth $36,377,482 over the last quarter. 12.99% of the stock is currently owned by corporate 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.