Diversified LLC Purchases 534 Shares of Alphabet Inc. (NASDAQ:GOOG)

Diversified LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,867 shares of the information services provider’s stock after acquiring an additional 534 shares during the period. Diversified LLC’s holdings in Alphabet were worth $686,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOG. Telemus Capital LLC raised its holdings in shares of Alphabet by 5.8% during the fourth quarter. Telemus Capital LLC now owns 85,225 shares of the information services provider’s stock valued at $12,011,000 after purchasing an additional 4,677 shares during the period. Greenwich Wealth Management LLC increased its position in Alphabet by 2.5% in the 4th quarter. Greenwich Wealth Management LLC now owns 7,162 shares of the information services provider’s stock valued at $1,009,000 after buying an additional 178 shares in the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. increased its position in Alphabet by 964.3% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 482,698 shares of the information services provider’s stock valued at $68,027,000 after buying an additional 437,345 shares in the last quarter. MCF Advisors LLC raised its stake in Alphabet by 22.9% during the 4th quarter. MCF Advisors LLC now owns 6,409 shares of the information services provider’s stock worth $903,000 after buying an additional 1,193 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in Alphabet by 41.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 35,667 shares of the information services provider’s stock worth $5,027,000 after acquiring an additional 10,384 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Up 1.2 %

NASDAQ:GOOG opened at $159.92 on Wednesday. Alphabet Inc. has a 52 week low of $103.27 and a 52 week high of $161.70. The firm has a 50-day moving average price of $147.92 and a two-hundred day moving average price of $142.27. 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 firm has a market cap of $1.99 trillion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. Alphabet’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the business posted $1.05 earnings per share. On average, equities analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the transaction, the chief executive officer now owns 2,303,011 shares in the company, valued at $362,516,961.51. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the sale, the director now directly owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The disclosure for this sale can be found here. Insiders have sold 251,339 shares of company stock worth $36,377,482 in the last ninety days. Company insiders own 12.99% of the company’s stock.

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.