Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 251.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,397 shares of the information services provider’s stock after buying an additional 5,294 shares during the period. Duncan Williams Asset Management LLC’s holdings in Alphabet were worth $1,409,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. IMS Capital Management raised its position in Alphabet by 4.4% in the second quarter. IMS Capital Management now owns 33,745 shares of the information services provider’s stock valued at $5,702,000 after purchasing an additional 1,426 shares during the period. Advisory Alpha LLC increased its position in shares of Alphabet by 9.2% during the 2nd quarter. Advisory Alpha LLC now owns 15,536 shares of the information services provider’s stock worth $2,850,000 after purchasing an additional 1,310 shares during the last quarter. Ted Buchan & Co purchased a new stake in Alphabet in the 2nd quarter valued at about $2,930,000. Granite Bay Wealth Management LLC lifted its position in Alphabet by 8.4% in the second quarter. Granite Bay Wealth Management LLC now owns 28,585 shares of the information services provider’s stock valued at $5,243,000 after buying an additional 2,219 shares during the last quarter. Finally, SPC Financial Inc. purchased a new position in Alphabet during the second quarter worth about $287,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GOOG. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Canaccord Genuity Group upped their price target on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barclays raised their price target on Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Citigroup increased their target price on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Phillip Securities upgraded Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $205.13.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 16,820 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. This represents a 27.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet 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 completion of the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,516,745.58. This represents a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,887 shares of company stock valued at $22,470,464 over the last ninety days. Insiders own 12.99% of the company’s stock.

Alphabet Price Performance

GOOG stock opened at $197.07 on Wednesday. The business has a 50 day moving average price of $188.29 and a 200 day moving average price of $175.13. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.41 trillion, a price-to-earnings ratio of 26.14, a PEG 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.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 EPS. Equities research analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current fiscal 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.