Advisors Management Group Inc. ADV Sells 170 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Advisors Management Group Inc. ADV decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,196 shares of the information services provider’s stock after selling 170 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in Alphabet were worth $3,380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Live Oak Investment Partners bought a new position in shares of Alphabet during the 4th quarter worth $26,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Alphabet during the 4th quarter worth $34,000. Turim 21 Investimentos Ltda. bought a new stake in Alphabet during the third quarter valued at about $38,000. Meritage Group LP boosted its position in Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 276 shares in the last quarter. Finally, Macroview Investment Management LLC boosted its position in Alphabet by 165.8% during the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 0.7 %

Alphabet stock opened at $155.47 on Thursday. The firm has a market cap of $1.93 trillion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. Alphabet Inc. has a 52 week low of $102.63 and a 52 week high of $160.22. The business’s 50-day moving average price is $145.95 and its 200 day moving average price is $140.29. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period last year, the company earned $1.05 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 6.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Mizuho raised their price objective on Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. UBS Group raised their price objective on Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a research report on Tuesday. Redburn Atlantic raised their price objective on Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. BMO Capital Markets reaffirmed an “outperform” rating and set a $185.00 price objective (up previously from $178.00) on shares of Alphabet in a research report on Wednesday, April 10th. Finally, Roth Mkm dropped their price objective on Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $157.00.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,332,691 shares in the company, valued at $309,548,095.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 251,339 shares of company stock valued at $36,377,482. Company insiders own 0.88% of the company’s stock.

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.