Alliance Wealth Advisors LLC UT Buys 102 Shares of Alphabet Inc. (NASDAQ:GOOG)

Alliance Wealth Advisors LLC UT lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 39,990 shares of the information services provider’s stock after buying an additional 102 shares during the period. Alphabet accounts for approximately 1.9% of Alliance Wealth Advisors LLC UT’s holdings, making the stock its 6th largest position. Alliance Wealth Advisors LLC UT’s holdings in Alphabet were worth $5,636,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GOOG. Bruce G. Allen Investments LLC bought a new stake in shares of Alphabet during the fourth quarter worth approximately $26,000. Tandem Wealth Advisors LLC bought a new stake in Alphabet in the third quarter valued at approximately $25,000. Equitec Proprietary Markets LLC bought a new stake in Alphabet in the fourth quarter valued at approximately $28,000. Buck Wealth Strategies LLC bought a new stake in Alphabet in the third quarter valued at approximately $32,000. Finally, Barometer Capital Management Inc. bought a new stake in Alphabet in the third quarter valued at approximately $32,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now directly 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 Securities & Exchange Commission, which is available through the SEC website. In other news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the transaction, the director now directly owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the transaction, the chief accounting officer now directly owns 27,920 shares in the company, valued at $4,009,032.80. The disclosure for this sale can be found here. Insiders sold a total of 253,439 shares of company stock worth $36,746,578 over the last quarter. 12.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Alphabet Stock Up 10.0 %

GOOG traded up $15.74 during trading hours on Friday, hitting $173.69. 56,500,787 shares of the company’s stock were exchanged, compared to its average volume of 18,324,858. Alphabet Inc. has a 1-year low of $104.42 and a 1-year high of $176.42. The stock’s 50-day moving average is $149.12 and its two-hundred day moving average is $142.77. The stock has a market cap of $2.16 trillion, a price-to-earnings ratio of 26.64, a PEG ratio of 1.60 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.17 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 6.8 earnings per share for the current fiscal year.

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.