Olistico Wealth LLC Purchases 746 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Olistico Wealth LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,981 shares of the information services provider’s stock after acquiring an additional 746 shares during the period. Alphabet comprises about 1.0% of Olistico Wealth LLC’s portfolio, making the stock its 22nd largest holding. Olistico Wealth LLC’s holdings in Alphabet were worth $1,700,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GOOGL. Conrad Siegel Investment Advisors Inc. raised its holdings in shares of Alphabet by 0.5% during the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider’s stock worth $1,864,000 after buying an additional 53 shares in the last quarter. Denver PWM LLC lifted its holdings in shares of Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after acquiring an additional 57 shares during the last quarter. Ignite Planners LLC boosted its stake in shares of Alphabet by 0.4% in the 4th quarter. Ignite Planners LLC now owns 15,078 shares of the information services provider’s stock valued at $2,892,000 after purchasing an additional 57 shares in the last quarter. Fermata Advisors LLC grew its holdings in shares of Alphabet by 0.8% during the 4th quarter. Fermata Advisors LLC now owns 7,433 shares of the information services provider’s stock valued at $1,407,000 after purchasing an additional 57 shares during the last quarter. Finally, Winch Advisory Services LLC increased its position in Alphabet by 1.3% during the 4th quarter. Winch Advisory Services LLC now owns 4,386 shares of the information services provider’s stock worth $830,000 after purchasing an additional 58 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GOOGL shares. Cantor Fitzgerald lowered their price target on shares of Alphabet from $215.00 to $210.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. Loop Capital upped their target price on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Robert W. Baird reissued an “outperform” rating and set a $205.00 price target on shares of Alphabet in a research note on Tuesday, December 10th. Bank of America reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. Finally, Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Nine 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 data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $209.82.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the transaction, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frances Arnold sold 441 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the transaction, the director now owns 16,490 shares in the company, valued at approximately $2,820,779.40. This trade represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,387 shares of company stock valued at $24,368,654 over the last 90 days. Insiders own 11.55% of the company’s stock.

Alphabet Trading Down 4.2 %

NASDAQ:GOOGL opened at $191.81 on Tuesday. Alphabet Inc. has a one year low of $130.66 and a one year high of $202.29. The company has a market cap of $2.35 trillion, a PE ratio of 25.44, a PEG ratio of 1.27 and a beta of 0.98. 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 firm has a 50-day moving average of $186.46 and a 200-day moving average of $173.57.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data 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. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same period in the previous year, the company posted $1.55 EPS. As a group, equities research analysts expect that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

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.