Francis Financial Inc. Has $592,000 Position in Alphabet Inc. (NASDAQ:GOOG)

Francis Financial Inc. increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 90.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,203 shares of the information services provider’s stock after buying an additional 2,000 shares during the quarter. Francis Financial Inc.’s holdings in Alphabet were worth $592,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. DC Investments Management LLC acquired a new stake in Alphabet during the first quarter worth about $115,000. Guardian Wealth Management Inc. acquired a new stake in Alphabet during the first quarter worth about $184,000. Turim 21 Investimentos Ltda. grew its position in Alphabet by 10.8% during the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after buying an additional 8 shares in the last quarter. qPULA Trading Management LP acquired a new stake in Alphabet during the first quarter valued at approximately $279,000. Finally, Dynamic Technology Lab Private Ltd grew its holdings in shares of Alphabet by 29.2% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 115 shares of the information services provider’s stock valued at $321,000 after acquiring an additional 26 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GOOG. Susquehanna raised their target price on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Raymond James raised their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Alphabet presently has an average rating of “Buy” and an average target price of $146.33.

Alphabet Stock Up 0.2 %

Shares of GOOG opened at $152.26 on Friday. Alphabet Inc. has a 12 month low of $100.29 and a 12 month high of $155.20. The firm’s 50 day moving average is $144.75 and its 200-day moving average is $139.39. The stock has a market capitalization of $1.89 trillion, a PE ratio of 26.25, a P/E/G ratio of 1.40 and a beta of 1.05. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 6.77 EPS for the current year.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the sale, the chief executive officer now owns 2,310,191 shares of the company’s stock, valued at $343,710,216.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the sale, the chief executive officer now owns 2,310,191 shares of the company’s stock, valued at $343,710,216.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the sale, the chief financial officer now directly owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 251,138 shares of company stock valued at $35,427,655. 12.99% of the stock is currently owned by insiders.

About Alphabet

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.