Global Trust Asset Management LLC Purchases 1,148 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Global Trust Asset Management LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,888 shares of the information services provider’s stock after purchasing an additional 1,148 shares during the period. Global Trust Asset Management LLC’s holdings in Alphabet were worth $2,061,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GOOGL. Oppenheimer Asset Management Inc. raised its stake in Alphabet by 15.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 465,680 shares of the information services provider’s stock valued at $84,824,000 after buying an additional 60,814 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Alphabet by 5.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,816,038 shares of the information services provider’s stock valued at $1,241,541,000 after acquiring an additional 325,420 shares during the period. OV Management LLC grew its position in shares of Alphabet by 1.0% during the 2nd quarter. OV Management LLC now owns 38,136 shares of the information services provider’s stock valued at $6,946,000 after acquiring an additional 362 shares during the period. American Financial & Tax Strategies Inc. bought a new stake in shares of Alphabet during the 2nd quarter valued at $233,000. Finally, Alta Advisers Ltd grew its position in shares of Alphabet by 1.9% during the 2nd quarter. Alta Advisers Ltd now owns 16,100 shares of the information services provider’s stock valued at $2,933,000 after acquiring an additional 300 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. JMP Securities reissued a “market perform” rating on shares of Alphabet in a research report on Friday, January 10th. Wolfe Research boosted their price objective on shares of Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Alphabet from $212.00 to $232.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Cantor Fitzgerald dropped their target price 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. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $209.44.

Insider Buying and Selling

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 transaction, the insider now directly owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 133,387 shares of company stock valued at $24,368,654 in the last ninety days. 11.55% of the stock is owned by company insiders.

Alphabet Stock Performance

Alphabet stock opened at $200.21 on Monday. 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 Inc. has a 1-year low of $130.66 and a 1-year high of $202.29. The firm has a market capitalization of $2.45 trillion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. The company’s 50-day moving average is $186.46 and its 200 day moving average is $173.69.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping 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 company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same period in the prior year, the company posted $1.55 EPS. Research analysts forecast that Alphabet Inc. will post 8.02 EPS for the current year.

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.