B.O.S.S. Retirement Advisors LLC Grows Stake in Alphabet Inc. (NASDAQ:GOOG)

B.O.S.S. Retirement Advisors LLC grew its position in Alphabet Inc. (NASDAQ:GOOG) by 560.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,172 shares of the information services provider’s stock after buying an additional 7,783 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Alphabet were worth $1,747,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOOG. Magnolia Capital Advisors LLC lifted its holdings in Alphabet by 8.6% during the second quarter. Magnolia Capital Advisors LLC now owns 11,195 shares of the information services provider’s stock worth $2,053,000 after buying an additional 884 shares during the period. Wallace Advisory Group LLC increased its holdings in shares of Alphabet by 1.3% in the 2nd quarter. Wallace Advisory Group LLC now owns 10,314 shares of the information services provider’s stock valued at $1,892,000 after acquiring an additional 134 shares during the period. High Falls Advisors Inc bought a new position in shares of Alphabet in the 2nd quarter worth $240,000. Wallace Capital Management Inc. lifted its stake in shares of Alphabet by 6.3% during the 2nd quarter. Wallace Capital Management Inc. now owns 8,420 shares of the information services provider’s stock worth $1,544,000 after purchasing an additional 500 shares during the last quarter. Finally, Newport Capital Group LLC bought a new stake in Alphabet during the second quarter valued at about $410,000. Institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup boosted their target price on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Barclays raised their target price on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped their price target on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, UBS Group raised their price objective on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $205.13.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total transaction of $550,702.88. Following the sale, the chief accounting officer now directly owns 17,847 shares of the company’s stock, valued at $3,468,029.04. This represents a 13.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frances Arnold sold 441 shares of Alphabet stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the transaction, the director now owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. This represents a 2.60 % decrease in their position. 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 90 days. 12.99% of the stock is currently owned by company insiders.

Alphabet Price Performance

Shares of GOOG opened at $193.64 on Tuesday. The business’s 50-day moving average is $187.95 and its two-hundred day moving average is $175.08. The company has a market capitalization of $2.37 trillion, a P/E ratio of 25.68, a P/E/G ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $203.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. During the same period last year, the business earned $1.55 earnings per share. Alphabet’s quarterly revenue was up 15.1% on a year-over-year basis. Research analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current year.

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.