Five Oceans Advisors Has $1.56 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Five Oceans Advisors trimmed its position in Alphabet Inc. (NASDAQ:GOOGFree Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,056 shares of the information services provider’s stock after selling 207 shares during the quarter. Alphabet makes up 0.9% of Five Oceans Advisors’ portfolio, making the stock its 23rd biggest position. Five Oceans Advisors’ holdings in Alphabet were worth $1,558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tolleson Wealth Management Inc. bought a new position in Alphabet during the second quarter worth about $411,000. Westshore Wealth LLC boosted its holdings in Alphabet by 31.2% during the second quarter. Westshore Wealth LLC now owns 15,700 shares of the information services provider’s stock worth $1,887,000 after buying an additional 3,730 shares during the last quarter. Washington Trust Bank boosted its holdings in Alphabet by 33.0% during the third quarter. Washington Trust Bank now owns 7,359 shares of the information services provider’s stock worth $970,000 after buying an additional 1,826 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. boosted its holdings in Alphabet by 20.0% during the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 5,986 shares of the information services provider’s stock worth $724,000 after buying an additional 996 shares during the last quarter. Finally, CNB Bank boosted its holdings in Alphabet by 6.6% during the third quarter. CNB Bank now owns 27,723 shares of the information services provider’s stock worth $3,655,000 after buying an additional 1,710 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 0.4 %

NASDAQ:GOOG opened at $155.87 on Wednesday. Alphabet Inc. has a fifty-two week low of $102.38 and a fifty-two week high of $157.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market capitalization of $1.94 trillion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. The business’s 50-day simple moving average is $145.15 and its 200-day simple moving average is $139.74.

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

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on GOOG

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the sale, the chief accounting officer now owns 29,284 shares in the company, valued at approximately $4,532,870.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the transaction, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the transaction, the chief accounting officer now directly owns 29,284 shares in the company, valued at $4,532,870.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 228,239 shares of company stock worth $32,432,382. Corporate insiders own 12.99% of the company’s stock.

Alphabet Company Profile

(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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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