Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Insight Inv LLC

Insight Inv LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOG) by 46.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,759 shares of the information services provider’s stock after acquiring an additional 879 shares during the period. Insight Inv LLC’s holdings in Alphabet were worth $525,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Weiss Asset Management LP acquired a new stake in Alphabet during the 3rd quarter valued at $25,000. Safe Harbor Fiduciary LLC purchased a new position in Alphabet in the 3rd quarter valued at about $33,000. HWG Holdings LP purchased a new stake in shares of Alphabet during the second quarter worth about $40,000. Sanctuary Wealth Management L.L.C. lifted its stake in shares of Alphabet by 87.3% in the third quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider’s stock worth $42,000 after acquiring an additional 117 shares in the last quarter. Finally, Iron Horse Wealth Management LLC boosted its holdings in Alphabet by 32.3% in the third quarter. Iron Horse Wealth Management LLC now owns 344 shares of the information services provider’s stock valued at $57,000 after purchasing an additional 84 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price objective on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Oppenheimer boosted their price target on Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. UBS Group increased their target price on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Six 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $205.13.

Alphabet Trading Down 4.1 %

Alphabet stock opened at $193.64 on Tuesday. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 1.27 and a beta of 0.99. The company has a 50 day moving average price of $187.95 and a 200 day moving average price of $175.08. 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 Inc. has a 52 week low of $131.55 and a 52 week high of $203.84.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $86.39 billion. During the same quarter in the prior year, the company earned $1.55 EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. Research analysts forecast that Alphabet Inc. will post 8.02 EPS for the current year.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at $4,516,745.58. This represents a 4.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now directly owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 133,387 shares of company stock worth $24,368,654. 12.99% of the stock is currently owned by company insiders.

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.