BSW Wealth Partners Increases Stake in Alphabet Inc. (NASDAQ:GOOGL)

BSW Wealth Partners has expanded its investment in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.0% during the fourth quarter. According to its latest filing with the SEC, the firm now holds 23,959 shares of the technology giant's stock, having acquired an additional 1,571 shares during that period. The total value of BSW Wealth Partners' holdings in Alphabet is approximately $4,535,000 at the conclusion of the most recent reporting period.

Institutional Investors Adjust Their Holdings

Numerous other hedge funds and institutional investors have also modified their stakes in Alphabet. For instance, International Assets Investment Management LLC remarkably increased its investment in the company by an astounding 43,005.6% in the third quarter, now owning 18,743,594 shares valued at $31,086,250,000 after purchasing an extra 18,700,111 shares. Additionally, SG Americas Securities LLC raised its holdings by 587.4%, now holding 10,690,326 shares worth $1,772,991,000 after acquiring 9,135,056 shares in the same period. Other notable investments include Assenagon Asset Management S.A., which raised its stake by 116.4%, and JPMorgan Chase & Co., which increased its holdings by 7.7% during the third quarter. Currently, 40.03% of Alphabet's stock is owned by various institutional investors and hedge funds.

Wall Street Analysts Offer Mixed Opinions

Recent comments from market analysts highlight a diversity of opinions regarding GOOGL shares. Roth Mkm raised its price target for Alphabet from $206.00 to $212.00 and rated the stock as a "buy" on October 30th. Robert W. Baird maintained an "outperform" rating with a $205.00 price objective in a report dated December 10th. Similarly, JPMorgan Chase & Co. raised their price estimate from $212.00 to $232.00 with an "overweight" rating assigned on December 18th. On the other hand, Evercore ISI increased their target from $200.00 to $205.00 while reiterating an "outperform" rating. According to MarketBeat, nine analysts currently rate the stock as a hold, while 29 assign it a buy rating and four designate it as a strong buy, leading to an overall consensus rating of "Moderate Buy" with an average target price of $211.00.

Insider Transactions and Company Performance

In related news, Director Kavitark Ram Shriram recently sold 10,500 shares on November 7th at an average price of $177.41, totaling $1,862,805. Following this transaction, he owns 319,966 shares valued at approximately $56,765,168.06, a reduction in his holdings by 3.18%. Additionally, Chief Accounting Officer Amie Thuener O'toole sold 1,340 shares on February 3rd for $270,787.20, lowering her position by 6.98%. Over the last quarter, insiders sold a total of 100,029 shares valued at $18,462,883, with insiders holding 11.55% of the total stock.

Recent Stock Performance of Alphabet

On Wednesday, NASDAQ:GOOGL opened at $206.38. Alphabet's financial metrics reveal a quick ratio of 1.95, a current ratio of 1.95, and a low debt-to-equity ratio of 0.04. The stock's average price over the last 50 days is $189.64, while the two-hundred day moving average price is $174.20. With a market capitalization of $2.53 trillion, Alphabet holds a price-to-earnings ratio of 27.37 and a P/E/G ratio of 1.31. The company's stock has experienced a 12-month low of $130.66 and a high of $207.05. Alphabet's last earnings report posted on February 4th showcased an EPS of $2.15, exceeding the consensus estimate of $2.12 by $0.03. Analysts project that the company will achieve earnings per share of 8.02 for the current year.

Overview of Alphabet Inc.

Alphabet Inc. is a multinational conglomerate that operates through various segments including Google Services, Google Cloud, and Other Bets. The Google Services segment offers a wide array of products and services ranging from advertisements and Android platforms to Gmail and YouTube, reaching audiences across the globe including the United States, Europe, and Asia.

Alphabet, Investment, Stock