Beacon Investment Advisory Services Inc. Has $43.95 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Beacon Investment Advisory Services Inc. lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 232,184 shares of the information services provider’s stock after purchasing an additional 573 shares during the period. Alphabet accounts for 1.9% of Beacon Investment Advisory Services Inc.’s portfolio, making the stock its 12th largest position. Beacon Investment Advisory Services Inc.’s holdings in Alphabet were worth $43,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new position in Alphabet during the fourth quarter worth about $360,000. Bill Few Associates Inc. lifted its holdings in shares of Alphabet by 2.4% in the fourth quarter. Bill Few Associates Inc. now owns 11,240 shares of the information services provider’s stock valued at $2,128,000 after purchasing an additional 260 shares in the last quarter. Burr Financial Services LLC grew its stake in shares of Alphabet by 66.5% during the 4th quarter. Burr Financial Services LLC now owns 18,560 shares of the information services provider’s stock worth $3,513,000 after acquiring an additional 7,416 shares in the last quarter. Teamwork Financial Advisors LLC boosted its stake in shares of Alphabet by 2.7% during the 4th quarter. Teamwork Financial Advisors LLC now owns 115,321 shares of the information services provider’s stock worth $21,830,000 after buying an additional 3,023 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC grew its stake in Alphabet by 35.8% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 3,298 shares of the information services provider’s stock valued at $624,000 after purchasing an additional 870 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were 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 trade represents a 27.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the sale, the director now directly owns 282,832 shares in the company, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 122,887 shares of company stock worth $22,470,464. 11.55% of the stock is owned by corporate insiders.

Alphabet Price Performance

Shares of Alphabet stock opened at $195.30 on Wednesday. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $202.29. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $186.79 and a 200 day moving average of $173.61. The company has a market cap of $2.39 trillion, a PE ratio of 25.90, a P/E/G ratio of 1.27 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion for 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 previous year, the firm posted $1.55 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 8.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GOOGL. JPMorgan Chase & Co. lifted their price target on Alphabet from $212.00 to $232.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Needham & Company LLC upped their target price on Alphabet from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group reissued a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Thursday, December 12th. Finally, China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $209.82.

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.