TFC Financial Management Inc. Buys 102 Shares of Alphabet Inc. (NASDAQ:GOOGL)

TFC Financial Management Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,793 shares of the information services provider’s stock after acquiring an additional 102 shares during the quarter. TFC Financial Management Inc.’s holdings in Alphabet were worth $1,089,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in GOOGL. Live Oak Investment Partners bought a new stake in shares of Alphabet during the 4th quarter worth about $26,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Alphabet during the 4th quarter worth about $34,000. Turim 21 Investimentos Ltda. acquired a new position in shares of Alphabet during the 3rd quarter worth about $38,000. Meritage Group LP lifted its position in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the last quarter. Finally, Macroview Investment Management LLC lifted its position in shares of Alphabet by 165.8% during the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after purchasing an additional 199 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Down 1.1 %

NASDAQ GOOGL opened at $157.73 on Monday. The firm has a market cap of $1.96 trillion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. Alphabet Inc. has a one year low of $102.63 and a one year high of $160.22. The stock’s 50 day simple moving average is $145.33 and its 200 day simple moving average is $139.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period in the prior year, the company earned $1.05 EPS. As a group, sell-side analysts forecast that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

GOOGL has been the subject of several research analyst reports. Mizuho boosted their price objective on Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Truist Financial cut their price objective on Alphabet from $160.00 to $158.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Barclays cut their price objective on Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. KeyCorp boosted their price objective on Alphabet from $153.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Finally, StockNews.com raised Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Five equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $155.61.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now directly owns 27,920 shares in the company, valued at approximately $4,009,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now directly owns 27,920 shares in the company, valued at approximately $4,009,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the transaction, the senior vice president now owns 144,685 shares in the company, valued at $22,566,519.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 250,539 shares of company stock worth $35,906,259. Insiders own 0.88% of the company’s stock.

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.