Kelleher Financial Advisors Has $3.62 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Kelleher Financial Advisors decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,144 shares of the information services provider’s stock after selling 109 shares during the quarter. Alphabet comprises approximately 1.4% of Kelleher Financial Advisors’ investment portfolio, making the stock its 13th biggest holding. Kelleher Financial Advisors’ holdings in Alphabet were worth $3,624,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Westside Investment Management Inc. grew its stake in shares of Alphabet by 2.5% during the fourth quarter. Westside Investment Management Inc. now owns 43,635 shares of the information services provider’s stock worth $8,260,000 after purchasing an additional 1,075 shares during the period. Investment Advisory Group LLC grew its position in shares of Alphabet by 2.9% during the 4th quarter. Investment Advisory Group LLC now owns 5,632 shares of the information services provider’s stock worth $1,066,000 after buying an additional 161 shares during the period. Phoenix Wealth Advisors increased its stake in shares of Alphabet by 21.7% in the 4th quarter. Phoenix Wealth Advisors now owns 3,578 shares of the information services provider’s stock valued at $677,000 after acquiring an additional 639 shares during the last quarter. ForthRight Wealth Management LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $226,000. Finally, Eagle Wealth Strategies LLC boosted its stake in Alphabet by 7.4% during the 4th quarter. Eagle Wealth Strategies LLC now owns 1,754 shares of the information services provider’s stock worth $332,000 after acquiring an additional 121 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GOOGL. Needham & Company LLC increased their target price on shares of Alphabet from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Monday. Sanford C. Bernstein raised their price objective on Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Wolfe Research boosted their target price on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Bank of America reaffirmed a “buy” rating and set a $210.00 price target on shares of Alphabet in a research report on Monday, December 23rd. Finally, JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research report on Monday. Nine equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $209.82.

Alphabet Price Performance

Shares of GOOGL opened at $191.81 on Tuesday. The business has a 50-day moving average of $186.46 and a 200-day moving average of $173.57. 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 company has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $202.29.

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

Insider Transactions at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the sale, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 441 shares of Alphabet stock in a transaction on Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the sale, the director now owns 16,490 shares of the company’s stock, valued at $2,820,779.40. This represents a 2.60 % decrease in their position. 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 three months. 11.55% of the stock is owned by company insiders.

Alphabet 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.