Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. raised its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,021 shares of the information services provider’s stock after acquiring an additional 86 shares during the period. Greatmark Investment Partners Inc.’s holdings in Alphabet were worth $708,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of GOOG. Naviter Wealth LLC grew its stake in Alphabet by 21.5% in the fourth quarter. Naviter Wealth LLC now owns 40,014 shares of the information services provider’s stock worth $5,639,000 after purchasing an additional 7,092 shares in the last quarter. Bluesphere Advisors LLC raised its holdings in shares of Alphabet by 62.3% during the fourth quarter. Bluesphere Advisors LLC now owns 4,227 shares of the information services provider’s stock valued at $596,000 after buying an additional 1,623 shares during the last quarter. Birchcreek Wealth Management LLC boosted its position in Alphabet by 6.6% during the 4th quarter. Birchcreek Wealth Management LLC now owns 4,035 shares of the information services provider’s stock worth $569,000 after acquiring an additional 250 shares during the period. Choreo LLC increased its stake in Alphabet by 26.3% during the 4th quarter. Choreo LLC now owns 75,225 shares of the information services provider’s stock valued at $10,601,000 after buying an additional 15,643 shares during the period. Finally, Mather Group LLC. boosted its holdings in shares of Alphabet by 10.2% in the fourth quarter. Mather Group LLC. now owns 39,509 shares of the information services provider’s stock valued at $5,568,000 after acquiring an additional 3,671 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Up 0.5 %

Shares of GOOG traded up $0.82 during midday trading on Tuesday, hitting $168.72. The stock had a trading volume of 3,484,382 shares, compared to its average volume of 22,558,266. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10. The firm has a market cap of $2.10 trillion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 1.59 and a beta of 1.05. Alphabet Inc. has a twelve month low of $104.50 and a twelve month high of $176.42. The company has a 50 day simple moving average of $149.64 and a two-hundred day simple moving average of $142.97.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. Alphabet’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 EPS. On average, analysts anticipate that Alphabet Inc. will post 6.8 EPS for the current year.

Alphabet Dividend Announcement

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

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the transaction, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the sale, the chief financial officer now directly owns 1,777,106 shares in the company, valued at $243,854,485.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the transaction, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The disclosure for this sale can be found here. Insiders have sold a total of 253,209 shares of company stock worth $36,711,144 in the last quarter. Corporate insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

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