Beaumont Financial Advisors LLC Purchases 1,814 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Beaumont Financial Advisors LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 239,245 shares of the information services provider’s stock after purchasing an additional 1,814 shares during the quarter. Alphabet makes up about 3.4% of Beaumont Financial Advisors LLC’s investment portfolio, making the stock its 5th largest position. Beaumont Financial Advisors LLC’s holdings in Alphabet were worth $45,289,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. LMR Partners LLP acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $32,000. Denver PWM LLC boosted its stake in Alphabet by 25.4% in the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after buying an additional 57 shares in the last quarter. Quarry LP acquired a new stake in Alphabet in the 2nd quarter valued at $53,000. Teachers Insurance & Annuity Association of America acquired a new stake in Alphabet in the 3rd quarter valued at $66,000. Finally, Mendota Financial Group LLC boosted its stake in Alphabet by 19.0% in the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock valued at $67,000 after buying an additional 64 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Up 1.1 %

GOOGL stock opened at $200.21 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market capitalization of $2.45 trillion, a P/E ratio of 26.55, a P/E/G ratio of 1.27 and a beta of 0.98. The business has a 50-day moving average of $186.46 and a 200-day moving average of $173.69. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $202.29.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period in the prior year, the firm earned $1.55 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on GOOGL. Cantor Fitzgerald decreased their price target on Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 22nd. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Loop Capital lifted their price objective on Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Sanford C. Bernstein lifted their price objective on Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Finally, Wolfe Research lifted their price objective on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.44.

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frances Arnold sold 441 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the sale, the director now owns 16,490 shares in the company, valued at $2,820,779.40. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 133,387 shares of company stock valued at $24,368,654 over the last three months. Company insiders own 11.55% of the company’s stock.

Alphabet Company 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.