MCF Advisors LLC Increases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

MCF Advisors LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,150 shares of the information services provider’s stock after purchasing an additional 527 shares during the quarter. MCF Advisors LLC’s holdings in Alphabet were worth $3,246,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Capstone Wealth Management LLC purchased a new stake in Alphabet during the 4th quarter valued at about $277,000. Mitsubishi UFJ Asset Management UK Ltd. grew its stake in Alphabet by 95.0% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 39,000 shares of the information services provider’s stock valued at $7,383,000 after purchasing an additional 19,000 shares during the last quarter. Howard Capital Management Group LLC boosted its stake in shares of Alphabet by 0.3% in the fourth quarter. Howard Capital Management Group LLC now owns 308,166 shares of the information services provider’s stock worth $58,336,000 after buying an additional 986 shares during the last quarter. JBGlobal.com LLC purchased a new stake in shares of Alphabet in the fourth quarter worth about $993,000. Finally, Exchange Bank boosted its stake in shares of Alphabet by 1.3% in the fourth quarter. Exchange Bank now owns 8,986 shares of the information services provider’s stock worth $1,701,000 after buying an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent research reports. Robert W. Baird restated an “outperform” rating and issued a $205.00 target price on shares of Alphabet in a research note on Tuesday, December 10th. Royal Bank of Canada upped their target price on Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Scotiabank upgraded Alphabet to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Cantor Fitzgerald reduced their price target on Alphabet from $215.00 to $210.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $209.44.

Alphabet Trading Up 1.1 %

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

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same period last year, the business posted $1.55 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current year.

Insider Transactions at Alphabet

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the completion of the transaction, the director now directly owns 330,466 shares in the company, valued at $59,741,643.48. This trade represents a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the sale, the chief accounting officer now owns 17,847 shares in the company, valued at approximately $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock worth $24,368,654 over the last ninety days. Company insiders own 11.55% of the company’s stock.

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.