Investment House LLC Has $38.18 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Investment House LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 270,888 shares of the information services provider’s stock after selling 12,675 shares during the quarter. Alphabet makes up 2.7% of Investment House LLC’s investment portfolio, making the stock its 9th largest holding. Investment House LLC’s holdings in Alphabet were worth $38,176,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of GOOG. Bluesphere Advisors LLC lifted its position in shares of Alphabet by 62.3% during the 4th quarter. Bluesphere Advisors LLC now owns 4,227 shares of the information services provider’s stock worth $596,000 after buying an additional 1,623 shares in the last quarter. Birchcreek Wealth Management LLC lifted its holdings in Alphabet by 6.6% during the fourth 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 boosted its position in Alphabet by 26.3% in the fourth quarter. Choreo LLC now owns 75,225 shares of the information services provider’s stock worth $10,601,000 after purchasing an additional 15,643 shares during the last quarter. Mather Group LLC. grew its stake in Alphabet by 10.2% in the 4th quarter. Mather Group LLC. now owns 39,509 shares of the information services provider’s stock valued at $5,568,000 after purchasing an additional 3,671 shares during the period. Finally, Gilbert & Cook Inc. raised its stake in shares of Alphabet by 15.5% during the 4th quarter. Gilbert & Cook Inc. now owns 29,159 shares of the information services provider’s stock worth $4,109,000 after purchasing an additional 3,924 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Down 0.1 %

Shares of Alphabet stock opened at $167.77 on Tuesday. The company’s 50-day moving average price is $149.64 and its 200-day moving average price is $142.97. The company has a market cap of $2.09 trillion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.59 and a beta of 1.05. Alphabet Inc. has a 12-month low of $104.50 and a 12-month high of $176.42. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. The firm had revenue of $80.54 billion during 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%. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.17 EPS. On average, equities analysts expect that Alphabet Inc. will post 6.8 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a — dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CAO Amie Thuener O’toole sold 660 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value 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 approximately $4,009,032.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the transaction, the chief executive officer now directly owns 2,377,691 shares in the company, valued at $347,832,416.39. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 253,209 shares of company stock valued at $36,711,144. 12.99% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GOOG. Oppenheimer raised their price objective on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a research note on Thursday, April 11th. Stifel Nicolaus boosted their target price on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Raymond James increased their price target on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Finally, Susquehanna boosted 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. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $165.67.

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.