LongView Wealth Management Has $987,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

LongView Wealth Management decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,183 shares of the information services provider’s stock after selling 451 shares during the period. LongView Wealth Management’s holdings in Alphabet were worth $987,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Beck Bode LLC raised its stake in Alphabet by 7.1% during the 2nd quarter. Beck Bode LLC now owns 67,523 shares of the information services provider’s stock worth $12,385,000 after buying an additional 4,456 shares during the period. Merriman Wealth Management LLC raised its position in shares of Alphabet by 21.3% during the second quarter. Merriman Wealth Management LLC now owns 15,524 shares of the information services provider’s stock worth $2,847,000 after purchasing an additional 2,722 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Alphabet by 11.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,144,221 shares of the information services provider’s stock valued at $209,873,000 after purchasing an additional 113,916 shares during the period. Circle Wealth Management LLC grew its position in shares of Alphabet by 14.9% in the 2nd quarter. Circle Wealth Management LLC now owns 71,983 shares of the information services provider’s stock valued at $13,203,000 after purchasing an additional 9,314 shares during the period. Finally, Frank Rimerman Advisors LLC increased its stake in Alphabet by 8.5% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 153,311 shares of the information services provider’s stock worth $28,120,000 after purchasing an additional 11,998 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GOOG. Barclays increased their price objective on shares of Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Citigroup lifted their price target on Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Pivotal Research increased their price objective on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company boosted their target price on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Canaccord Genuity Group raised their price objective on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $200.56.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $197.55, for a total value of $559,856.70. Following the sale, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $4,085,531.55. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the transaction, the director now owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,387 shares of company stock worth $24,368,654. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Up 1.6 %

GOOG stock opened at $197.55 on Monday. The company has a market cap of $2.42 trillion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.21 and a beta of 0.99. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $202.88. The business has a 50-day simple moving average of $185.92 and a 200 day simple moving average of $174.85.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.55 EPS. Sell-side analysts anticipate that Alphabet Inc. will post 8.03 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Monday, December 9th. Alphabet’s payout ratio is 10.61%.

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.