Revolve Wealth Partners LLC Has $2.83 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Revolve Wealth Partners LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,930 shares of the information services provider’s stock after acquiring an additional 506 shares during the period. Revolve Wealth Partners LLC’s holdings in Alphabet were worth $2,826,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Unisphere Establishment grew its holdings in Alphabet by 8.9% in the 2nd quarter. Unisphere Establishment now owns 1,878,500 shares of the information services provider’s stock valued at $342,169,000 after buying an additional 153,500 shares during the last quarter. Wick Capital Partners LLC grew its holdings in Alphabet by 12.5% in the 2nd quarter. Wick Capital Partners LLC now owns 2,764 shares of the information services provider’s stock valued at $503,000 after buying an additional 308 shares during the last quarter. Alpha DNA Investment Management LLC grew its holdings in Alphabet by 144.6% in the 2nd quarter. Alpha DNA Investment Management LLC now owns 9,823 shares of the information services provider’s stock valued at $1,789,000 after buying an additional 5,807 shares during the last quarter. Alight Capital Management LP grew its holdings in Alphabet by 19.2% in the 2nd quarter. Alight Capital Management LP now owns 35,758 shares of the information services provider’s stock valued at $6,513,000 after buying an additional 5,758 shares during the last quarter. Finally, AlTi Global Inc. grew its holdings in Alphabet by 0.5% in the 2nd quarter. AlTi Global Inc. now owns 258,554 shares of the information services provider’s stock valued at $47,096,000 after buying an additional 1,405 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $206.38 on Wednesday. The firm has a market cap of $2.53 trillion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 1.31 and a beta of 0.99. The stock’s 50-day moving average is $189.64 and its 200-day moving average is $174.20. Alphabet Inc. has a one year low of $130.66 and a one year high of $207.05. 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 (NASDAQ:GOOGL) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. Equities analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $177.41, for a total value of $1,862,805.00. Following the transaction, the director now directly owns 319,966 shares in the company, valued at approximately $56,765,168.06. This trade represents a 3.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,029 shares of company stock worth $18,462,883. Corporate insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Loop Capital raised their price objective on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Pivotal Research raised their target price on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Wedbush raised their target price on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Finally, Robert W. Baird restated an “outperform” rating and set a $205.00 target price on shares of Alphabet in a research report on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $211.00.

About Alphabet

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.