Personal CFO Solutions LLC Acquires 81 Shares of Alphabet Inc. (NASDAQ:GOOG)


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Personal CFO Solutions LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,181 shares of the information services provider’s stock after purchasing an additional 81 shares during the period. Alphabet comprises 1.4% of Personal CFO Solutions LLC’s holdings, making the stock its 10th largest holding. Personal CFO Solutions LLC’s holdings in Alphabet were worth $5,573,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GOOG. LSV Asset Management boosted its position in shares of Alphabet by 16.0% during the 3rd quarter. LSV Asset Management now owns 2,610 shares of the information services provider’s stock worth $3,835,000 after acquiring an additional 360 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Alphabet by 3.6% in the third quarter. Sequoia Financial Advisors LLC now owns 4,423 shares of the information services provider’s stock valued at $6,500,000 after buying an additional 153 shares in the last quarter. Spectrum Wealth Advisory Group LLC acquired a new stake in Alphabet in the third quarter valued at approximately $352,000. MAI Capital Management boosted its position in Alphabet by 0.9% in the third quarter. MAI Capital Management now owns 39,506 shares of the information services provider’s stock valued at $58,059,000 after buying an additional 351 shares in the last quarter. Finally, Baskin Financial Services Inc. boosted its position in Alphabet by 2.9% in the third quarter. Baskin Financial Services Inc. now owns 22,626 shares of the information services provider’s stock valued at $33,251,000 after buying an additional 636 shares in the last quarter. Hedge funds and other institutional investors own 31.94% of the company’s stock.

A number of brokerages have weighed in on GOOG. Wedbush raised their target price on shares of Alphabet from $2,150.00 to $2,470.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. Robert W. Baird raised their price target on shares of Alphabet from $1,675.00 to $1,725.00 in a research note on Friday, October 30th. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 30th. Morgan Stanley raised their price target on shares of Alphabet from $2,050.00 to $2,200.00 and gave the company an “overweight” rating in a research note on Wednesday, February 3rd. Finally, Canaccord Genuity raised their price target on shares of Alphabet from $2,250.00 to $2,400.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Alphabet presently has an average rating of “Buy” and a consensus price target of $2,184.71.

In other Alphabet news, SVP Philipp Schindler sold 1,385 shares of the firm’s stock in a transaction on Wednesday, December 30th. The shares were sold at an average price of $1,762.01, for a total value of $2,440,383.85. Following the completion of the sale, the senior vice president now directly owns 19,950 shares in the company, valued at $35,152,099.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 70 shares of Alphabet stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $2,085.54, for a total transaction of $145,987.80. Following the transaction, the director now owns 41 shares of the company’s stock, valued at $85,507.14. The disclosure for this sale can be found here. Insiders sold 2,999 shares of company stock valued at $5,434,607 over the last 90 days. Corporate insiders own 12.99% of the company’s stock.

NASDAQ GOOG traded down $15.66 during mid-day trading on Tuesday, reaching $2,049.22. 55,941 shares of the stock were exchanged, compared to its average volume of 1,637,658. Alphabet Inc. has a one year low of $1,013.54 and a one year high of $2,152.68. The stock has a 50 day simple moving average of $1,922.66 and a 200-day simple moving average of $1,706.52. The stock has a market cap of $1.38 trillion, a P/E ratio of 38.82, a P/E/G ratio of 1.66 and a beta of 0.98. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.41 and a quick ratio of 3.39.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, February 1st. The information services provider reported $22.30 EPS for the quarter, topping analysts’ consensus estimates of $15.91 by $6.39. The business had revenue of $56.90 billion during the quarter, compared to analysts’ expectations of $52.86 billion. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. The business’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period last year, the company posted $15.35 earnings per share. Sell-side analysts anticipate that Alphabet Inc. will post 52.19 EPS for the current fiscal year.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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