Alphabet Inc. (NASDAQ:GOOG) Holdings Boosted by AdvisorNet Financial Inc

AdvisorNet Financial Inc raised its position in Alphabet Inc. (NASDAQ:GOOGFree Report) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,421 shares of the information services provider’s stock after purchasing an additional 1,043 shares during the quarter. AdvisorNet Financial Inc’s holdings in Alphabet were worth $2,737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GOOG. Moneta Group Investment Advisors LLC raised its holdings in shares of Alphabet by 61,587.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock valued at $11,539,004,000 after buying an additional 129,835,437 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Alphabet by 1,807.4% during the third quarter. Bank of New York Mellon Corp now owns 57,069,444 shares of the information services provider’s stock valued at $5,487,226,000 after buying an additional 54,077,519 shares during the last quarter. Norges Bank bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $3,059,614,000. Morgan Stanley raised its holdings in shares of Alphabet by 37.6% during the fourth quarter. Morgan Stanley now owns 71,779,112 shares of the information services provider’s stock valued at $6,368,961,000 after buying an additional 19,612,974 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Alphabet by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock worth $12,649,838,000 after purchasing an additional 9,703,425 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Up 2.8 %

Alphabet stock opened at $156.50 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market cap of $1.95 trillion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. Alphabet Inc. has a 1 year low of $102.38 and a 1 year high of $157.00. The firm’s 50 day moving average price is $144.98 and its two-hundred day moving average price is $139.62.

Alphabet (NASDAQ:GOOGGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (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 $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm’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 earnings per share. On average, research analysts predict that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 12,084 shares of Alphabet 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 transaction, the insider now directly owns 48,717 shares in the company, valued at approximately $7,365,523.23. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Alphabet news, insider John Kent Walker sold 12,084 shares of Alphabet 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 transaction, the insider now directly owns 48,717 shares in the company, valued at approximately $7,365,523.23. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $140.11, for a total transaction of $3,152,475.00. Following the transaction, the chief executive officer now owns 2,422,691 shares in the company, valued at $339,443,236.01. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 246,799 shares of company stock worth $34,971,139. 12.99% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on GOOG shares. Susquehanna boosted their target price on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Raymond James boosted 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. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alphabet has an average rating of “Buy” and a consensus target price of $146.33.

Get Our Latest Stock Analysis on Alphabet

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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