Catalyst Financial Partners LLC Buys 1,742 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Catalyst Financial Partners LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,887 shares of the information services provider's stock after buying an additional 1,742 shares during the quarter. Alphabet comprises approximately 0.9% of Catalyst Financial Partners LLC's holdings, making the stock its 20th largest position. Catalyst Financial Partners LLC's holdings in Alphabet were worth $4,776,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GOOGL. Norges Bank bought a new stake in shares of Alphabet in the 4th quarter worth approximately $24,383,677,000. FMR LLC boosted its position in shares of Alphabet by 9.8% during the 4th quarter. FMR LLC now owns 248,416,916 shares of the information services provider's stock valued at $47,025,322,000 after acquiring an additional 22,100,902 shares in the last quarter. GAMMA Investing LLC increased its stake in Alphabet by 16,993.2% in the first quarter. GAMMA Investing LLC now owns 16,062,457 shares of the information services provider's stock valued at $2,483,898,000 after acquiring an additional 15,968,487 shares during the period. Northern Trust Corp lifted its stake in Alphabet by 17.0% during the fourth quarter. Northern Trust Corp now owns 69,616,854 shares of the information services provider's stock worth $13,178,470,000 after purchasing an additional 10,135,430 shares during the period. Finally, Capital Research Global Investors grew its stake in shares of Alphabet by 16.2% in the 4th quarter. Capital Research Global Investors now owns 72,033,086 shares of the information services provider's stock valued at $13,635,878,000 after purchasing an additional 10,037,685 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Trading Up 1.9%

NASDAQ GOOGL traded up $3.67 during trading hours on Thursday, hitting $193.90. 56,671,075 shares of the company's stock were exchanged, compared to its average volume of 36,920,125. The firm has a market cap of $2.35 trillion, a price-to-earnings ratio of 21.62, a PEG ratio of 1.34 and a beta of 1.00. The stock has a 50-day simple moving average of $174.67 and a 200 day simple moving average of $173.13. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The company had revenue of $76.49 billion for the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter in the previous year, the company earned $1.89 EPS. On average, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $184.38, for a total value of $5,992,350.00. Following the transaction, the chief executive officer owned 2,527,392 shares in the company, valued at approximately $466,000,536.96. This represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 400 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $181.98, for a total value of $72,792.00. Following the transaction, the director directly owned 6,013 shares in the company, valued at $1,094,245.74. The trade was a 6.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 249,409 shares of company stock worth $43,523,710 in the last three months. Company insiders own 11.64% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on GOOGL shares. Jefferies Financial Group decreased their price target on Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. BNP Paribas lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Susquehanna raised their price objective on shares of Alphabet from $220.00 to $225.00 and gave the stock a "positive" rating in a report on Thursday. Wedbush boosted their target price on Alphabet from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Roth Capital upped their price target on Alphabet from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $210.79.

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.