Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,570 shares of the information services provider’s stock after purchasing an additional 2,280 shares during the period. Hardman Johnston Global Advisors LLC’s holdings in Alphabet were worth $21,079,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tandem Wealth Advisors LLC acquired a new stake in shares of Alphabet in the 3rd quarter worth approximately $25,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Alphabet in the 4th quarter worth approximately $26,000. HWG Holdings LP acquired a new stake in Alphabet during the 2nd quarter valued at $26,000. Buck Wealth Strategies LLC acquired a new stake in Alphabet during the 3rd quarter valued at $32,000. Finally, Barometer Capital Management Inc. acquired a new stake in Alphabet during the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the transaction, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Frances Arnold sold 230 shares of the stock in a transaction 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 transaction, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction 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 owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 250,539 shares of company stock valued at $35,906,259. 12.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GOOG shares. Morgan Stanley reiterated an “overweight” rating and set a $165.00 target price on shares of Alphabet in a report on Thursday. Susquehanna increased their target price on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Oppenheimer increased their target price on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Finally, Raymond James increased their target price on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Five research 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 $157.50.

Alphabet Trading Down 1.0 %

Shares of Alphabet stock opened at $159.19 on Monday. Alphabet Inc. has a fifty-two week low of $103.27 and a fifty-two week high of $161.70. The firm has a market cap of $1.98 trillion, a PE ratio of 27.45, a P/E/G ratio of 1.47 and a beta of 1.05. The business’s fifty day moving average is $146.51 and its two-hundred day moving average is $141.17. 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:GOOG) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $85.28 billion. During the same quarter in the prior year, the company posted $1.05 EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. Analysts anticipate that Alphabet Inc. will post 6.78 earnings per share for the current year.

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.