Eaton Cambridge Inc. Purchases 334 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Eaton Cambridge Inc. raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 21.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,906 shares of the information services provider’s stock after purchasing an additional 334 shares during the period. Alphabet accounts for approximately 0.2% of Eaton Cambridge Inc.’s investment portfolio, making the stock its 23rd biggest position. Eaton Cambridge Inc.’s holdings in Alphabet were worth $361,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. JDH Wealth Management LLC bought a new position in shares of Alphabet in the 4th quarter worth about $299,000. Integrity Wealth Solutions LLC raised its position in shares of Alphabet by 23.2% in the 4th quarter. Integrity Wealth Solutions LLC now owns 4,958 shares of the information services provider’s stock worth $938,000 after acquiring an additional 935 shares in the last quarter. Nilsine Partners LLC raised its position in shares of Alphabet by 25.2% in the 4th quarter. Nilsine Partners LLC now owns 21,711 shares of the information services provider’s stock worth $4,110,000 after acquiring an additional 4,367 shares in the last quarter. Cherry Creek Investment Advisors Inc. raised its position in shares of Alphabet by 5.3% in the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 2,256 shares of the information services provider’s stock worth $427,000 after acquiring an additional 113 shares in the last quarter. Finally, Baldwin Wealth Partners LLC MA raised its position in shares of Alphabet by 1.9% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 365,066 shares of the information services provider’s stock worth $69,107,000 after acquiring an additional 6,836 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several research reports. DA Davidson raised their target price on Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Needham & Company LLC lifted their price target on Alphabet from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Pivotal Research boosted their price objective on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and set a $210.00 price objective (up from $200.00) on shares of Alphabet in a report on Wednesday, October 30th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $217.00 price objective (up from $215.00) on shares of Alphabet in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $211.00.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total transaction of $291,330.00. Following the completion of the transaction, the director now directly owns 23,324 shares in the company, valued at approximately $4,529,987.28. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 122,529 shares of company stock valued at $22,453,483. 11.55% of the stock is currently owned by company insiders.

Alphabet Trading Down 1.4 %

NASDAQ:GOOGL opened at $201.23 on Tuesday. The company has a market cap of $2.46 trillion, a P/E ratio of 26.69, a P/E/G ratio of 1.31 and a beta of 0.99. The stock’s fifty day moving average price is $188.97 and its two-hundred day moving average price is $174.03. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $205.48. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

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.