TCTC Holdings LLC Purchases 3,924 Shares of Alphabet Inc. (NASDAQ:GOOGL)

TCTC Holdings LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 7.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 56,972 shares of the information services provider’s stock after acquiring an additional 3,924 shares during the quarter. TCTC Holdings LLC’s holdings in Alphabet were worth $5,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. VitalStone Financial LLC purchased a new position in shares of Alphabet in the fourth quarter valued at $25,000. Laurel Wealth Planning LLC grew its position in shares of Alphabet by 1,900.0% in the third quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 285 shares in the last quarter. Coston McIsaac & Partners grew its position in shares of Alphabet by 1,900.0% in the third quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 304 shares in the last quarter. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Alphabet in the fourth quarter valued at $33,000. Finally, TFO TDC LLC grew its position in shares of Alphabet by 952.6% in the third quarter. TFO TDC LLC now owns 400 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 362 shares in the last quarter. 34.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

GOOGL has been the subject of several research analyst reports. Rosenblatt Securities dropped their price objective on Alphabet from $130.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. Piper Sandler lifted their price objective on Alphabet from $117.00 to $128.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Evercore ISI lifted their price objective on Alphabet from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Needham & Company LLC reissued a “buy” rating and set a $115.00 price objective on shares of Alphabet in a research note on Monday, April 3rd. Finally, StockNews.com started coverage on Alphabet in a research note on Thursday, May 18th. They set a “buy” rating for the company. Four research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $130.56.

Insider Buying and Selling

In related news, SVP Prabhakar Raghavan sold 32,379 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total value of $3,349,931.34. Following the sale, the senior vice president now owns 76,580 shares in the company, valued at approximately $7,922,966.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Prabhakar Raghavan sold 32,379 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total value of $3,349,931.34. Following the transaction, the senior vice president now directly owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 380 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the transaction, the director now directly owns 11,300 shares in the company, valued at $1,017,565. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 732,217 shares of company stock worth $21,135,371 and have sold 753,384 shares worth $30,574,577. 0.88% of the stock is currently owned by company insiders.

Alphabet Stock Up 2.1 %

GOOGL stock opened at $123.48 on Friday. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $126.43. The business’s 50 day moving average price is $108.64 and its two-hundred day moving average price is $99.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. The company has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted its earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The firm had revenue of $69.79 billion for the quarter, compared to the consensus estimate of $57.19 billion. During the same quarter in the prior year, the business earned $1.23 EPS. As a group, analysts forecast that Alphabet Inc. will post 5.41 earnings per share for the current fiscal year.

Alphabet Company Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.