Alphabet Inc. (NASDAQ:GOOG) Position Raised by GUNN & Co INVESTMENT MANAGEMENT INC.

GUNN & Co INVESTMENT MANAGEMENT INC. raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 964.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 482,698 shares of the information services provider’s stock after purchasing an additional 437,345 shares during the period. Alphabet accounts for about 4.5% of GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings, making the stock its 5th biggest position. GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings in Alphabet were worth $68,027,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MCF Advisors LLC grew its position in shares of Alphabet by 22.9% during the 4th quarter. MCF Advisors LLC now owns 6,409 shares of the information services provider’s stock valued at $903,000 after purchasing an additional 1,193 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Alphabet by 41.1% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 35,667 shares of the information services provider’s stock worth $5,027,000 after acquiring an additional 10,384 shares during the last quarter. Cetera Trust Company N.A purchased a new stake in shares of Alphabet in the 4th quarter valued at about $1,453,000. EFG Asset Management Americas Corp. boosted its position in shares of Alphabet by 9.7% during the 4th quarter. EFG Asset Management Americas Corp. now owns 116,905 shares of the information services provider’s stock valued at $16,475,000 after acquiring an additional 10,359 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. grew its holdings in shares of Alphabet by 23.3% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 77,700 shares of the information services provider’s stock worth $10,950,000 after purchasing an additional 14,700 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $168.99 on Monday. The company has a quick ratio of 2.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.10 trillion, a PE ratio of 25.92, a PEG ratio of 1.26 and a beta of 1.02. The company’s fifty day moving average is $151.46 and its 200 day moving average is $143.74. Alphabet Inc. has a 52 week low of $104.70 and a 52 week high of $176.42.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. During the same quarter in the previous year, the business earned $1.17 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. Research analysts anticipate that Alphabet Inc. will post 7.66 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GOOG shares. Stifel Nicolaus raised their target price on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer lifted 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 target price on shares of Alphabet in a research report on Thursday, April 11th. Susquehanna raised their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Finally, Raymond James upped their price objective on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $165.67.

Insider Activity

In related news, CFO Ruth Porat sold 48,077 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the completion of the sale, the chief financial officer now directly owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the transaction, the chief financial officer now owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 48,076 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $142.20, for a total value of $6,836,407.20. Following the transaction, the insider now directly owns 12,725 shares of the company’s stock, valued at approximately $1,809,495. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 275,129 shares of company stock valued at $40,382,765. 12.99% of the stock is currently owned by company insiders.

Alphabet Company 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.