Alphabet Inc. (NASDAQ:GOOG) Position Increased by National Wealth Management Group LLC

National Wealth Management Group LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 21.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,518 shares of the information services provider’s stock after acquiring an additional 630 shares during the period. National Wealth Management Group LLC’s holdings in Alphabet were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Caliber Wealth Management LLC raised its holdings in Alphabet by 2.6% during the third quarter. Caliber Wealth Management LLC now owns 22,036 shares of the information services provider’s stock valued at $2,905,000 after buying an additional 551 shares in the last quarter. Legacy Capital Wealth Partners LLC bought a new position in Alphabet during the third quarter valued at about $508,000. Investment Advisory Group LLC raised its holdings in Alphabet by 1.1% during the third quarter. Investment Advisory Group LLC now owns 7,578 shares of the information services provider’s stock valued at $999,000 after buying an additional 82 shares in the last quarter. Palumbo Wealth Management LLC raised its holdings in Alphabet by 47.7% during the third quarter. Palumbo Wealth Management LLC now owns 8,107 shares of the information services provider’s stock valued at $1,069,000 after buying an additional 2,617 shares in the last quarter. Finally, Rothschild Investment LLC IL raised its holdings in Alphabet by 0.8% during the third quarter. Rothschild Investment LLC IL now owns 126,512 shares of the information services provider’s stock valued at $16,681,000 after buying an additional 1,065 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Raymond James raised their target price on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Morgan Stanley restated an “overweight” rating and set a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. Oppenheimer raised their target price on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Stifel Nicolaus raised their target price on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Susquehanna raised their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and an average target price of $159.86.

Alphabet Trading Up 0.7 %

Shares of NASDAQ:GOOG opened at $161.10 on Thursday. The company has a market cap of $2.00 trillion, a P/E ratio of 27.78, a P/E/G ratio of 1.47 and a beta of 1.05. The stock’s 50-day moving average is $148.20 and its 200-day moving average is $142.40. Alphabet Inc. has a 52-week low of $103.27 and a 52-week high of $161.70. 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 issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $85.28 billion. During the same period last year, the business posted $1.05 earnings per share. The firm’s revenue was up 13.5% compared to the same quarter last year. Equities research analysts predict that Alphabet Inc. will post 6.79 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the sale, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the sale, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at $22,566,519.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the transaction, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock valued at $36,377,482 over the last three months. 12.99% of the stock is owned by corporate 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.