Lantz Financial LLC Has $1.17 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Lantz Financial LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,150 shares of the information services provider’s stock after acquiring an additional 129 shares during the period. Lantz Financial LLC’s holdings in Alphabet were worth $1,171,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Magnolia Capital Advisors LLC raised its holdings in shares of Alphabet by 8.6% in the second quarter. Magnolia Capital Advisors LLC now owns 11,195 shares of the information services provider’s stock valued at $2,053,000 after purchasing an additional 884 shares during the last quarter. Wallace Advisory Group LLC grew its position in Alphabet by 1.3% in the second quarter. Wallace Advisory Group LLC now owns 10,314 shares of the information services provider’s stock valued at $1,892,000 after purchasing an additional 134 shares in the last quarter. High Falls Advisors Inc acquired a new stake in Alphabet in the 2nd quarter valued at $240,000. Wallace Capital Management Inc. lifted its position in Alphabet by 6.3% during the 2nd quarter. Wallace Capital Management Inc. now owns 8,420 shares of the information services provider’s stock worth $1,544,000 after buying an additional 500 shares in the last quarter. Finally, Newport Capital Group LLC acquired a new position in shares of Alphabet during the 2nd quarter worth about $410,000. 27.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on GOOG. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Jefferies Financial Group upped their price objective on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Wells Fargo & Company upped their price target on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Canaccord Genuity Group increased their price target on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $205.13.

Alphabet Stock Down 4.1 %

GOOG stock opened at $193.64 on Tuesday. The business’s fifty day moving average price is $187.95 and its two-hundred day moving average price is $175.08. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 25.68, a PEG ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $203.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same period last year, the firm earned $1.55 earnings per share. Alphabet’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, equities analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current year.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the sale, the director now owns 330,466 shares of the company’s stock, valued at approximately $59,741,643.48. The trade was a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,387 shares of company stock valued at $24,368,654. 12.99% of the stock is currently owned by company insiders.

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.