Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Integrity Wealth Solutions LLC

Integrity Wealth Solutions LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 58.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,272 shares of the information services provider's stock after acquiring an additional 2,681 shares during the period. Integrity Wealth Solutions LLC's holdings in Alphabet were worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Weiss Asset Management LP purchased a new stake in Alphabet during the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of Alphabet during the 3rd quarter valued at approximately $33,000. Sanctuary Wealth Management L.L.C. raised its holdings in Alphabet by 87.3% during the 3rd quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider's stock valued at $42,000 after buying an additional 117 shares during the period. Iron Horse Wealth Management LLC lifted its position in Alphabet by 32.3% in the third quarter. Iron Horse Wealth Management LLC now owns 344 shares of the information services provider's stock worth $57,000 after buying an additional 84 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new position in Alphabet during the fourth quarter worth $76,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the sale, the chief executive officer now directly owns 2,084,306 shares in the company, valued at $369,672,512.16. This trade represents a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Arnold sold 441 shares of the company's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the transaction, the director now directly owns 16,490 shares in the company, valued at approximately $2,820,779.40. The trade was a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,630 shares of company stock valued at $22,258,133. 12.99% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GOOG shares. Citigroup increased their target price on shares of Alphabet from $212.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Wedbush reissued an "outperform" rating and issued a $220.00 price objective on shares of Alphabet in a research report on Thursday. Canaccord Genuity Group boosted their target price on Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Scotiabank upped their target price on Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. Finally, Pivotal Research raised their price target on Alphabet from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $206.69.

Alphabet Stock Up 1.5 %

NASDAQ GOOG traded up $2.97 during trading 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 12-month low of $131.55 and a 12-month high of $207.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market cap of $2.52 trillion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99. The company's 50 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 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 company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. Alphabet's revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company posted $1.55 earnings per share. As a group, sell-side analysts forecast 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.