Atria Wealth Solutions Inc. Acquires 12,825 Shares of Alphabet Inc. (NASDAQ:GOOG)

Atria Wealth Solutions Inc. raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 335,042 shares of the information services provider’s stock after purchasing an additional 12,825 shares during the period. Alphabet makes up about 0.6% of Atria Wealth Solutions Inc.’s portfolio, making the stock its 22nd largest holding. Atria Wealth Solutions Inc.’s holdings in Alphabet were worth $47,217,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GOOG. Bruce G. Allen Investments LLC bought a new stake in shares of Alphabet during the 4th quarter worth approximately $26,000. Tandem Wealth Advisors LLC bought a new stake in shares of Alphabet during the 3rd quarter worth approximately $25,000. Equitec Proprietary Markets LLC bought a new stake in shares of Alphabet during the 4th quarter worth approximately $28,000. Buck Wealth Strategies LLC bought a new stake in shares of Alphabet during the 3rd quarter worth approximately $32,000. Finally, Barometer Capital Management Inc. bought a new stake in shares of Alphabet during the 3rd quarter worth approximately $32,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Up 11.6 %

GOOG opened at $176.28 on Friday. Alphabet Inc. has a twelve month low of $104.42 and a twelve month high of $176.28. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average of $148.48 and a 200-day moving average of $142.51. The stock has a market cap of $2.19 trillion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.48 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same period in the prior year, the company posted $1.17 earnings per share. Alphabet’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, sell-side analysts predict that Alphabet Inc. will post 6.79 EPS for the current year.

Insider Transactions at Alphabet

In other Alphabet news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the sale, the chief financial officer now directly owns 1,777,106 shares in the company, valued at $243,854,485.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the sale, the chief financial officer now directly owns 1,777,106 shares in the company, valued at $243,854,485.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The disclosure for this sale can be found here. Insiders sold a total of 251,339 shares of company stock worth $36,377,482 over the last three months. 12.99% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GOOG shares. Raymond James increased their price objective on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Oppenheimer increased their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Stifel Nicolaus increased their price objective on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Susquehanna increased their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Finally, Morgan Stanley restated an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alphabet presently has a consensus rating of “Buy” and an average target price of $159.86.

Alphabet 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.