Twin Peaks Wealth Advisors LLC Buys Shares of 11,806 Alphabet Inc. (NASDAQ:GOOG)

Twin Peaks Wealth Advisors LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, Holdings Channel.com reports. The firm bought 11,806 shares of the information services provider’s stock, valued at approximately $1,664,000. Alphabet comprises approximately 1.1% of Twin Peaks Wealth Advisors LLC’s holdings, making the stock its 25th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in GOOG. Tandem Wealth Advisors LLC bought a new stake in shares of Alphabet during the 3rd quarter worth approximately $25,000. Bruce G. Allen Investments LLC acquired a new position in shares of Alphabet during the 4th quarter worth approximately $26,000. HWG Holdings LP acquired a new position in shares of Alphabet during the 2nd quarter worth approximately $26,000. Intrepid Capital Management Inc. acquired a new position in Alphabet in the 2nd quarter valued at $31,000. Finally, Buck Wealth Strategies LLC acquired a new position in Alphabet in the 3rd quarter valued at $32,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Up 0.4 %

Shares of GOOG stock opened at $151.70 on Wednesday. The company has a market cap of $1.89 trillion, a P/E ratio of 26.16, a PEG ratio of 1.40 and a beta of 1.05. Alphabet Inc. has a fifty-two week low of $100.28 and a fifty-two week high of $155.20. The stock has a 50 day simple moving average of $144.41 and a two-hundred day simple moving average of $139.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.05 earnings per share. Research analysts forecast that Alphabet Inc. will post 6.77 earnings per share for the current year.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the transaction, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the transaction, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 425 shares of Alphabet stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $139.61, for a total value of $59,334.25. Following the transaction, the chief accounting officer now directly owns 27,259 shares in the company, valued at approximately $3,805,628.99. The disclosure for this sale can be found here. Insiders have sold a total of 279,659 shares of company stock valued at $39,460,310 over the last 90 days. Insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the subject of a number of recent analyst reports. Raymond James upped their target price on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Susquehanna increased their target price on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $146.33.

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.