Austin Private Wealth LLC Has $4.14 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Austin Private Wealth LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,724 shares of the information services provider's stock after acquiring an additional 1,285 shares during the quarter. Austin Private Wealth LLC's holdings in Alphabet were worth $4,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of GOOG. M&G PLC purchased a new stake in Alphabet during the third quarter valued at about $2,240,000. Coldstream Capital Management Inc. increased its holdings in shares of Alphabet by 14.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 116,776 shares of the information services provider's stock valued at $19,642,000 after purchasing an additional 14,738 shares during the period. Metis Global Partners LLC increased its holdings in shares of Alphabet by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 301,980 shares of the information services provider's stock valued at $50,488,000 after purchasing an additional 4,292 shares during the period. Requisite Capital Management LLC acquired a new position in shares of Alphabet in the 4th quarter valued at about $927,000. Finally, Stevens Capital Management LP increased its holdings in shares of Alphabet by 172.9% in the 3rd quarter. Stevens Capital Management LP now owns 91,237 shares of the information services provider's stock valued at $15,254,000 after purchasing an additional 57,810 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

GOOG stock traded up $5.07 during midday trading on Tuesday, hitting $207.71. 27,728,508 shares of the company traded hands, compared to its average volume of 16,760,658. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $208.70. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The business has a 50 day simple moving average of $191.14 and a 200-day simple moving average of $175.71. The stock has a market capitalization of $2.54 trillion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 1.32 and a beta of 1.00.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. As a group, equities research analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current year.

Insider Activity

In related news, CAO Amie Thuener O'toole sold 1,340 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 37,134 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the transaction, the director now directly owns 282,832 shares of the company's stock, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,529 shares of company stock valued at $22,453,483. 12.99% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GOOG shares. JPMorgan Chase & Co. upped their target price on Alphabet from $208.00 to $212.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Pivotal Research increased their price objective on Alphabet from $215.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Oppenheimer increased their price objective on Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Wedbush restated an "outperform" rating and issued a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. Finally, Seaport Res Ptn upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.13.

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.