Auxano Advisors LLC Has $903,000 Position in Alphabet Inc. (NASDAQ:GOOG)

Auxano Advisors LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,410 shares of the information services provider’s stock after purchasing an additional 850 shares during the period. Auxano Advisors LLC’s holdings in Alphabet were worth $903,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Riversedge Advisors LLC raised its stake in Alphabet by 67.3% during the 3rd quarter. Riversedge Advisors LLC now owns 5,422 shares of the information services provider’s stock worth $715,000 after buying an additional 2,182 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in Alphabet by 6.8% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 24,604 shares of the information services provider’s stock valued at $3,244,000 after purchasing an additional 1,574 shares in the last quarter. Chronos Wealth Management LLC raised its holdings in Alphabet by 0.3% during the third quarter. Chronos Wealth Management LLC now owns 69,091 shares of the information services provider’s stock worth $9,110,000 after buying an additional 197 shares during the last quarter. Connecticut Wealth Management LLC lifted its stake in shares of Alphabet by 56.1% in the third quarter. Connecticut Wealth Management LLC now owns 23,241 shares of the information services provider’s stock valued at $3,064,000 after buying an additional 8,351 shares in the last quarter. Finally, Red Door Wealth Management LLC lifted its position in Alphabet by 1.2% in the 3rd quarter. Red Door Wealth Management LLC now owns 78,823 shares of the information services provider’s stock valued at $10,393,000 after acquiring an additional 915 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $164.64 on Wednesday. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $150.09 and a two-hundred day simple moving average of $143.16. Alphabet Inc. has a 1-year low of $104.50 and a 1-year high of $176.42. The firm has a market cap of $2.05 trillion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 1.31 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last posted 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 $1.51 by $0.38. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 EPS. Analysts anticipate that Alphabet Inc. will post 7.46 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 10th.

Insider Activity

In other news, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the sale, the director now owns 5,891 shares in the company, valued at approximately $1,035,402.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the sale, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 2,100 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now owns 5,891 shares in the company, valued at $1,035,402.16. The disclosure for this sale can be found here. Insiders sold 253,289 shares of company stock worth $36,724,534 in the last three months. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

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

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.