Alphabet Inc. (NASDAQ:GOOGL) Holdings Boosted by RFG Advisory LLC

RFG Advisory LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,684 shares of the information services provider's stock after purchasing an additional 5,130 shares during the quarter. RFG Advisory LLC's holdings in Alphabet were worth $12,812,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GOOGL. International Assets Investment Management LLC increased its position in shares of Alphabet by 43,005.6% in the third quarter. International Assets Investment Management LLC now owns 18,743,594 shares of the information services provider's stock valued at $31,086,250,000 after buying an additional 18,700,111 shares in the last quarter. SG Americas Securities LLC grew its stake in Alphabet by 587.4% in the 3rd quarter. SG Americas Securities LLC now owns 10,690,326 shares of the information services provider's stock valued at $1,772,991,000 after acquiring an additional 9,135,056 shares during the period. Assenagon Asset Management S.A. increased its holdings in Alphabet by 116.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,670,225 shares of the information services provider's stock worth $1,437,957,000 after acquiring an additional 4,662,809 shares in the last quarter. JPMorgan Chase & Co. raised its position in Alphabet by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock worth $10,559,240,000 after acquiring an additional 4,567,275 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in Alphabet by 115.4% during the second quarter. Clearbridge Investments LLC now owns 6,939,456 shares of the information services provider's stock valued at $1,264,022,000 after purchasing an additional 3,718,420 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 2,834 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the completion of the sale, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $4,085,531.55. This trade represents a 12.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the business's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,887 shares of company stock worth $22,470,464. 11.55% of the stock is owned by company insiders.

Analyst Ratings Changes

GOOGL has been the subject of several research analyst reports. Sanford C. Bernstein upped their price target on shares of Alphabet from $180.00 to $185.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 30th. Truist Financial increased their target price on Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on Alphabet from $212.00 to $232.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Phillip Securities raised Alphabet to a "strong-buy" rating in a research note on Friday, November 1st. Finally, Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and an average price target of $209.82.

Alphabet Stock Performance

NASDAQ GOOGL traded up $4.38 on Thursday, reaching $199.79. The stock had a trading volume of 9,551,657 shares, compared to its average volume of 23,832,391. The stock has a market cap of $2.45 trillion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $202.29. The business's 50-day moving average price is $187.53 and its 200 day moving average price is $173.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the previous year, the company posted $1.55 EPS. As a group, equities analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current 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.