Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Well Done LLC

Well Done LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,163 shares of the information services provider’s stock after acquiring an additional 232 shares during the quarter. Well Done LLC’s holdings in Alphabet were worth $587,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Totem Point Management LLC raised its stake in shares of Alphabet by 22.0% during the 1st quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after buying an additional 571 shares during the last quarter. Somerville Kurt F grew its holdings in Alphabet by 10.3% during the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after acquiring an additional 11 shares during the period. BCK Partners Inc. purchased a new position in Alphabet during the first quarter valued at approximately $2,564,000. Hall Capital Management Co. Inc. lifted its holdings in Alphabet by 53.2% in the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after acquiring an additional 50 shares during the period. Finally, Fairfield Bush & CO. boosted its position in Alphabet by 6.8% in the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after purchasing an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Susquehanna lifted their target price on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Raymond James increased their price target on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $146.33.

Alphabet Stock Performance

NASDAQ GOOG traded up $0.35 during mid-day trading on Thursday, reaching $152.29. 8,732,884 shares of the stock were exchanged, compared to its average volume of 22,922,719. The business’s 50 day moving average is $144.57 and its 200-day moving average is $139.30. Alphabet Inc. has a 1 year low of $100.29 and a 1 year high of $155.20. The company has a market capitalization of $1.89 trillion, a P/E ratio of 26.16, a P/E/G ratio of 1.40 and a beta of 1.05. 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 announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 earnings per share. On average, equities research analysts forecast that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other Alphabet news, SVP Prabhakar Raghavan sold 16,088 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $139.10, for a total transaction of $2,237,840.80. Following the completion of the transaction, the senior vice president now directly owns 52,440 shares in the company, valued at $7,294,404. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 16,088 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $139.10, for a total transaction of $2,237,840.80. Following the completion of the transaction, the senior vice president now directly owns 52,440 shares in the company, valued at $7,294,404. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 48,076 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $142.20, for a total transaction of $6,836,407.20. Following the completion of the sale, the insider now owns 12,725 shares of the company’s stock, valued at $1,809,495. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 251,378 shares of company stock worth $35,461,377. Company insiders own 12.99% of the company’s stock.

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.