Radnor Capital Management LLC Acquires 200 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Radnor Capital Management LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,860 shares of the information services provider’s stock after acquiring an additional 200 shares during the period. Radnor Capital Management LLC’s holdings in Alphabet were worth $1,517,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. DC Investments Management LLC acquired a new stake in shares of Alphabet in the 1st quarter valued at about $114,000. Bridgefront Capital LLC acquired a new stake in shares of Alphabet in the 1st quarter valued at about $225,000. Worth Asset Management LLC acquired a new stake in shares of Alphabet in the 1st quarter valued at about $206,000. Eudaimonia Advisors LLC raised its stake in shares of Alphabet by 15.1% in the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock valued at $275,000 after purchasing an additional 13 shares during the period. Finally, Aspire Capital Advisors LLC acquired a new stake in shares of Alphabet in the 1st quarter valued at about $281,000. 34.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. MKM Partners lifted their price target on Alphabet from $120.00 to $126.00 in a research note on Friday, February 3rd. Loop Capital lifted their target price on Alphabet from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, February 8th. Rosenblatt Securities lowered their target price on Alphabet from $130.00 to $128.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. Tigress Financial lowered their target price on Alphabet from $186.00 to $160.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 6th. Finally, Evercore ISI lowered their target price on Alphabet from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 21st. Four equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $132.44.

Alphabet Trading Up 1.3 %

Shares of NASDAQ:GOOGL opened at $101.62 on Friday. The business has a 50 day moving average of $95.08 and a 200-day moving average of $96.18. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $143.79. The stock has a market cap of $1.30 trillion, a PE ratio of 22.33, a P/E/G ratio of 1.33 and a beta of 1.09.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.09). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The business had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $63.15 billion. During the same quarter in the previous year, the company earned $1.53 earnings per share. As a group, equities research analysts forecast that Alphabet Inc. will post 5.12 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Kavitark Ram Shriram sold 37,500 shares of the company’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the completion of the transaction, the director now directly owns 144,740 shares in the company, valued at $14,474,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the transaction, the chief accounting officer now directly owns 25,122 shares in the company, valued at $2,289,870.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 37,500 shares of the company’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the transaction, the director now owns 144,740 shares of the company’s stock, valued at $14,474,000. The disclosure for this sale can be found here. Insiders sold 74,245 shares of company stock worth $7,174,078 over the last three months. Insiders own 11.44% of the company’s stock.

About Alphabet

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.