Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by West Branch Capital LLC

West Branch Capital LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 17.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,702 shares of the information services provider’s stock after purchasing an additional 1,000 shares during the period. West Branch Capital LLC’s holdings in Alphabet were worth $944,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tandem Wealth Advisors LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at approximately $25,000. Bruce G. Allen Investments LLC acquired a new stake in Alphabet during the fourth quarter worth $26,000. HWG Holdings LP purchased a new stake in Alphabet in the second quarter valued at $26,000. Intrepid Capital Management Inc. acquired a new position in shares of Alphabet in the 2nd quarter valued at $31,000. Finally, Buck Wealth Strategies LLC purchased a new position in shares of Alphabet during the 3rd quarter worth $32,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Up 0.2 %

Shares of GOOG stock opened at $152.26 on Friday. Alphabet Inc. has a fifty-two week low of $100.29 and a fifty-two week high of $155.20. The company has a 50 day moving average price of $144.98 and a 200 day moving average price of $139.58. The stock has a market capitalization of $1.89 trillion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10.

Alphabet (NASDAQ:GOOGGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $85.28 billion. During the same period last year, the firm earned $1.05 earnings per share. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities research analysts predict that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 12,084 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the completion of the transaction, the insider now owns 48,717 shares in the company, valued at approximately $7,365,523.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, insider John Kent Walker sold 12,084 shares of Alphabet stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the completion of the sale, the insider now directly owns 48,717 shares of the company’s stock, valued at approximately $7,365,523.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the sale, the chief financial officer now directly owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 263,312 shares of company stock worth $37,268,315. Company insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on GOOG. Raymond James boosted their price objective on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Susquehanna boosted their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $146.33.

Get Our Latest Stock Report on GOOG

About Alphabet

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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