Foundations Investment Advisors LLC Acquires 3,216 Shares of Alphabet Inc. (NASDAQ:GOOG)

Foundations Investment Advisors LLC boosted its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 17.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,010 shares of the information services provider's stock after purchasing an additional 3,216 shares during the period. Foundations Investment Advisors LLC's holdings in Alphabet were worth $4,192,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Centaurus Financial Inc. grew its holdings in Alphabet by 111.0% during the second quarter. Centaurus Financial Inc. now owns 69,259 shares of the information services provider's stock worth $12,704,000 after acquiring an additional 36,439 shares during the period. Alternative Investment Advisors LLC. bought a new position in shares of Alphabet during the 2nd quarter valued at about $216,000. Ashburton Jersey Ltd acquired a new position in shares of Alphabet in the 2nd quarter worth approximately $23,681,000. Mattson Financial Services LLC bought a new stake in shares of Alphabet in the 2nd quarter worth approximately $7,594,000. Finally, Global Wealth Strategies & Associates lifted its stake in Alphabet by 21.4% during the third quarter. Global Wealth Strategies & Associates now owns 1,020 shares of the information services provider's stock valued at $171,000 after purchasing an additional 180 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 2,834 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the transaction, the chief accounting officer now owns 20,681 shares of the company's stock, valued at approximately $4,085,531.55. This represents a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 16,820 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the transaction, the insider now directly owns 43,981 shares in the company, valued at $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,630 shares of company stock worth $22,258,133. Insiders own 12.99% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on GOOG. Wedbush reaffirmed an "outperform" rating and issued a $220.00 price target on shares of Alphabet in a report on Thursday. Seaport Res Ptn raised Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Scotiabank upped their target price 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 cut Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $208.00 to $212.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and a consensus target price of $206.69.

Alphabet Stock Up 1.5 %

Shares of NASDAQ:GOOG traded up $2.97 during midday trading on Friday, hitting $205.60. 17,059,516 shares of the stock were exchanged, compared to its average volume of 16,222,196. The company has a market capitalization of $2.52 trillion, a PE ratio of 27.27, a P/E/G ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a 52-week low of $131.55 and a 52-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 business's fifty day simple moving average is $189.70 and its two-hundred day simple moving average is $175.54.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm's revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.55 EPS. As a group, research analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

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.