AM Investment Strategies LLC Has $10.29 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

AM Investment Strategies LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,031 shares of the information services provider’s stock after selling 750 shares during the period. Alphabet accounts for 2.9% of AM Investment Strategies LLC’s portfolio, making the stock its 5th largest position. AM Investment Strategies LLC’s holdings in Alphabet were worth $10,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Kozak & Associates Inc. boosted its stake in shares of Alphabet by 2.9% in the third quarter. Kozak & Associates Inc. now owns 9,412 shares of the information services provider’s stock worth $1,306,000 after acquiring an additional 265 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Alphabet by 1.4% in the third quarter. Avior Wealth Management LLC now owns 24,970 shares of the information services provider’s stock worth $3,292,000 after acquiring an additional 346 shares during the period. Founders Financial Securities LLC boosted its stake in shares of Alphabet by 32.1% in the third quarter. Founders Financial Securities LLC now owns 2,548 shares of the information services provider’s stock worth $336,000 after acquiring an additional 619 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. boosted its stake in shares of Alphabet by 4.3% in the third quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 2,543 shares of the information services provider’s stock worth $335,000 after acquiring an additional 106 shares during the period. Finally, Integrated Investment Consultants LLC boosted its stake in Alphabet by 10.2% during the third quarter. Integrated Investment Consultants LLC now owns 7,552 shares of the information services provider’s stock valued at $996,000 after buying an additional 700 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Trading Up 10.0 %

Shares of NASDAQ GOOG opened at $173.69 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The business’s 50 day moving average price is $149.12 and its 200-day moving average price is $142.75. Alphabet Inc. has a fifty-two week low of $104.42 and a fifty-two week high of $176.42. The company has a market cap of $2.16 trillion, a price-to-earnings ratio of 26.64, a PEG ratio of 1.45 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 30.01% and a net margin of 25.90%. The firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. During the same period in the prior year, the business posted $1.17 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, sell-side analysts expect that Alphabet Inc. will post 6.79 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on GOOG. Stifel Nicolaus increased their price target on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley reissued an “overweight” rating and set a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Susquehanna increased their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Oppenheimer upped their price objective on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Raymond James upped their price objective on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $165.67.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 230 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now directly owns 15,104 shares in the company, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. Insiders have sold a total of 253,439 shares of company stock valued at $36,746,578 over the last quarter. 12.99% of the stock is owned by corporate insiders.

Alphabet Company 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.