Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Increased by Patrick M Sweeney & Associates Inc.

Patrick M Sweeney & Associates Inc. lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,828 shares of the information services provider’s stock after purchasing an additional 86 shares during the quarter. Alphabet accounts for approximately 3.2% of Patrick M Sweeney & Associates Inc.’s investment portfolio, making the stock its 8th largest position. Patrick M Sweeney & Associates Inc.’s holdings in Alphabet were worth $2,824,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GOOG. Czech National Bank increased its position in Alphabet by 5.1% during the third quarter. Czech National Bank now owns 978,396 shares of the information services provider’s stock valued at $163,578,000 after acquiring an additional 47,171 shares during the last quarter. Unique Wealth LLC boosted its stake in shares of Alphabet by 2.3% during the 3rd quarter. Unique Wealth LLC now owns 3,375 shares of the information services provider’s stock worth $564,000 after purchasing an additional 76 shares during the period. Meritas Wealth Management LLC raised its position in Alphabet by 4.6% in the 3rd quarter. Meritas Wealth Management LLC now owns 1,516 shares of the information services provider’s stock worth $253,000 after purchasing an additional 66 shares during the period. Marotta Asset Management lifted its stake in Alphabet by 44.4% in the third quarter. Marotta Asset Management now owns 1,821 shares of the information services provider’s stock worth $304,000 after purchasing an additional 560 shares during the last quarter. Finally, Farmers Trust Co. lifted its stake in Alphabet by 17.0% in the third quarter. Farmers Trust Co. now owns 2,872 shares of the information services provider’s stock worth $480,000 after purchasing an additional 418 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOG opened at $205.60 on Friday. The firm’s fifty day simple moving average is $189.70 and its two-hundred day simple moving average is $175.54. The firm has a market capitalization of $2.52 trillion, a P/E ratio of 27.27, a P/E/G ratio of 1.27 and a beta of 0.99. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $207.08.

Alphabet (NASDAQ:GOOG) last announced its 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. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same period in the prior year, the company posted $1.55 EPS. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. Analysts forecast that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frances Arnold sold 441 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the sale, the director now owns 16,490 shares in the company, 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. Insiders sold 121,630 shares of company stock valued at $22,258,133 in the last three months. 12.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GOOG. Wedbush reiterated an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a report on Thursday. Oppenheimer upped their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company lifted their price objective on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. UBS Group upped their target price on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Phillip Securities upgraded Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $209.13.

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.