Parkside Advisors LLC Buys Shares of 2,850 Alphabet Inc. (NASDAQ:GOOG)

Parkside Advisors LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) in the 4th quarter, Holdings Channel.com reports. The fund bought 2,850 shares of the information services provider’s stock, valued at approximately $253,000.

Several other large investors have also recently bought and sold shares of the company. Totem Point Management LLC boosted its holdings in shares of Alphabet by 22.0% in the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after buying an additional 571 shares during the period. Somerville Kurt F boosted its holdings in shares of Alphabet by 10.3% in the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after buying an additional 11 shares during the period. BCK Partners Inc. acquired a new position in shares of Alphabet in the first quarter valued at approximately $2,564,000. Hall Capital Management Co. Inc. boosted its holdings in shares of Alphabet by 53.2% in the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after buying an additional 50 shares during the period. Finally, Fairfield Bush & CO. boosted its holdings in shares of Alphabet by 6.8% in the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after buying an additional 214 shares during the period. Institutional investors own 28.69% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several research analyst reports. Royal Bank of Canada set a $130.00 price target on shares of Alphabet in a report on Friday, February 3rd. Oppenheimer upped their price target on shares of Alphabet from $130.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. The Goldman Sachs Group set a $128.00 price target on shares of Alphabet in a report on Friday, February 3rd. Roth Capital restated a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. Finally, Jefferies Financial Group set a $125.00 target price on shares of Alphabet in a report on Friday, February 3rd. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $135.11.

Insider Buying and Selling at Alphabet

In related news, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were bought at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the transaction, the insider now directly owns 1,709,527 shares of the company’s stock, valued at $50,072,045.83. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider John Kent Walker sold 11,313 shares of the stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following the transaction, the insider now directly owns 41,970 shares of the company’s stock, valued at $4,197,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was bought at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the transaction, the insider now directly owns 1,709,527 shares of the company’s stock, valued at $50,072,045.83. The disclosure for this purchase can be found here. Insiders sold a total of 74,245 shares of company stock worth $7,174,078 over the last quarter. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Performance

Shares of GOOG stock opened at $102.46 on Friday. The stock has a market cap of $1.31 trillion, a P/E ratio of 22.51, a P/E/G ratio of 1.33 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34. The company has a fifty day moving average price of $95.69 and a two-hundred day moving average price of $96.73. Alphabet Inc. has a one year low of $83.45 and a one year high of $144.16.

Alphabet (NASDAQ:GOOG – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). The firm had revenue of $76.05 billion during the quarter, compared to analyst estimates of $76.49 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.53 EPS. As a group, equities analysts predict that Alphabet Inc. will post 5.12 EPS for the current year.

Alphabet Profile

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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.