Smallwood Wealth Investment Management LLC Purchases New Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Smallwood Wealth Investment Management LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,160 shares of the information services provider’s stock, valued at approximately $220,000.

Several other large investors also recently added to or reduced their stakes in the stock. New Century Financial Group LLC boosted its position in Alphabet by 43.4% in the 4th quarter. New Century Financial Group LLC now owns 20,348 shares of the information services provider’s stock valued at $3,902,000 after buying an additional 6,160 shares during the period. FCG Investment Co lifted its position in shares of Alphabet by 5.7% in the 4th quarter. FCG Investment Co now owns 30,369 shares of the information services provider’s stock worth $5,749,000 after purchasing an additional 1,632 shares during the period. Lifestyle Asset Management Inc. lifted its position in shares of Alphabet by 2.2% in the 4th quarter. Lifestyle Asset Management Inc. now owns 10,834 shares of the information services provider’s stock worth $2,051,000 after purchasing an additional 229 shares during the period. Yeomans Consulting Group Inc. lifted its position in shares of Alphabet by 2.0% in the 4th quarter. Yeomans Consulting Group Inc. now owns 2,982 shares of the information services provider’s stock worth $564,000 after purchasing an additional 58 shares during the period. Finally, Apeiron RIA LLC lifted its position in shares of Alphabet by 9.9% in the 4th quarter. Apeiron RIA LLC now owns 4,084 shares of the information services provider’s stock worth $773,000 after purchasing an additional 368 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several research reports. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Pivotal Research boosted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research note on Monday. Loop Capital boosted their price objective on shares of Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus boosted their price objective on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $209.82.

Alphabet Stock Up 0.1 %

NASDAQ GOOGL opened at $195.41 on Thursday. The business has a fifty day moving average price of $187.14 and a 200 day moving average price of $173.69. 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 company has a market cap of $2.39 trillion, a P/E ratio of 25.92, a P/E/G ratio of 1.27 and a beta of 0.98. Alphabet Inc. has a one year low of $130.66 and a one year high of $202.29.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. During the same period in the prior year, the business earned $1.55 earnings per share. Research analysts anticipate that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other 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 completion of the sale, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at $4,085,531.55. This represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 122,887 shares of company stock valued at $22,470,464 in the last ninety days. 11.55% of the stock is currently owned by corporate insiders.

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.