BankPlus Wealth Management LLC Acquires Shares of 3,146 Alphabet Inc. (NASDAQ:GOOG)

BankPlus Wealth Management LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,146 shares of the information services provider's stock, valued at approximately $599,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. M&G PLC purchased a new position in shares of Alphabet in the 3rd quarter valued at $2,240,000. Coldstream Capital Management Inc. grew its stake in Alphabet by 14.4% in the third 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 last quarter. Metis Global Partners LLC raised its holdings in Alphabet by 1.4% in the third quarter. Metis Global Partners LLC now owns 301,980 shares of the information services provider's stock worth $50,488,000 after purchasing an additional 4,292 shares in the last quarter. Requisite Capital Management LLC purchased a new stake in shares of Alphabet during the fourth quarter valued at about $927,000. Finally, Stevens Capital Management LP boosted 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 buying an additional 57,810 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 441 shares of the company's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the transaction, the director now owns 16,490 shares in the company, valued at approximately $2,820,779.40. This represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 2,834 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the sale, the chief accounting officer now owns 17,847 shares in the company, valued at $3,468,029.04. This trade represents a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,630 shares of company stock valued at $22,258,133. 12.99% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on GOOG. UBS Group increased their target price on shares of Alphabet from $187.00 to $192.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Scotiabank increased their price objective on Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a report on Friday, January 24th. Citizens Jmp downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Seaport Res Ptn upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Finally, Citigroup raised their price target on Alphabet from $212.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $206.69.

Alphabet Stock Performance

NASDAQ GOOG traded up $2.97 on Friday, reaching $205.60. 17,059,516 shares of the company's stock traded hands, compared to its average volume of 16,222,196. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $207.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $2.52 trillion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 1.27 and a beta of 0.99. The stock has a 50 day moving average price of $189.70 and a 200-day moving average price of $175.54.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analysts' expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 EPS. Equities research analysts predict that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

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.