Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Main Street Research LLC

Main Street Research LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOG) by 18.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,010 shares of the information services provider’s stock after acquiring an additional 2,323 shares during the quarter. Main Street Research LLC’s holdings in Alphabet were worth $2,115,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Riverstone Advisors LLC acquired a new stake in shares of Alphabet during the fourth quarter worth about $234,000. Buffington Mohr McNeal boosted its holdings in Alphabet by 1.9% in the fourth quarter. Buffington Mohr McNeal now owns 24,307 shares of the information services provider’s stock valued at $3,426,000 after purchasing an additional 455 shares during the last quarter. Independent Family Office LLC grew its position in Alphabet by 20.2% during the 4th quarter. Independent Family Office LLC now owns 7,140 shares of the information services provider’s stock worth $1,006,000 after purchasing an additional 1,200 shares during the period. Guerra Pan Advisors LLC raised its stake in shares of Alphabet by 1.8% during the 4th quarter. Guerra Pan Advisors LLC now owns 17,367 shares of the information services provider’s stock valued at $2,448,000 after buying an additional 303 shares during the last quarter. Finally, DGS Capital Management LLC lifted its holdings in shares of Alphabet by 3.2% in the 4th quarter. DGS Capital Management LLC now owns 26,253 shares of the information services provider’s stock valued at $3,700,000 after buying an additional 810 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $157.46 on Friday. The stock has a market capitalization of $1.96 trillion, a P/E ratio of 27.15, a P/E/G ratio of 1.45 and a beta of 1.05. The company’s fifty day moving average price is $147.35 and its 200 day moving average price is $141.72. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. Alphabet Inc. has a 1 year low of $103.27 and a 1 year high of $161.70.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business had revenue of $86.31 billion for the quarter, compared to analyst estimates of $85.28 billion. During the same quarter last year, the business earned $1.05 earnings per share. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GOOG. Stifel Nicolaus raised their target price on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday. Susquehanna raised their price objective on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Raymond James boosted their target price on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Morgan Stanley reissued an “overweight” rating and set a $165.00 price target on shares of Alphabet in a report on Thursday, April 11th. Finally, Oppenheimer lifted their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $159.86.

Insiders Place Their Bets

In other news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the transaction, the chief financial officer now owns 1,777,106 shares in the company, valued at $243,854,485.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated 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 in the company, valued at approximately $309,548,095.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the transaction, the chief financial officer now owns 1,777,106 shares in the company, valued at $243,854,485.32. The disclosure for this sale can be found here. In the last three months, insiders sold 251,339 shares of company stock worth $36,377,482. Corporate insiders own 12.99% of the company’s stock.

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.