Oliver Lagore Vanvalin Investment Group Has $103,000 Position in Alphabet Inc. (NASDAQ:GOOG)

Oliver Lagore Vanvalin Investment Group boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 42.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 732 shares of the information services provider’s stock after purchasing an additional 217 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Alphabet were worth $103,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Tandem Wealth Advisors LLC acquired a new position in shares of Alphabet in the third quarter valued at approximately $25,000. Bruce G. Allen Investments LLC acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $26,000. HWG Holdings LP acquired a new position in shares of Alphabet in the second quarter valued at approximately $26,000. Equitec Proprietary Markets LLC bought a new stake in shares of Alphabet in the fourth quarter worth $28,000. Finally, Buck Wealth Strategies LLC bought a new stake in shares of Alphabet in the third quarter worth $32,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on GOOG shares. Oppenheimer upped their price target on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Susquehanna upped their price target on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Stifel Nicolaus upped their price target on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday. Raymond James upped their price target on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. Six 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 $159.86.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the sale, the chief executive officer now directly owns 2,377,691 shares in the company, valued at approximately $347,832,416.39. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of 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 this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the completion of the transaction, the chief executive officer now owns 2,377,691 shares of the company’s stock, valued at approximately $347,832,416.39. The disclosure for this sale can be found here. In the last three months, insiders have sold 251,339 shares of company stock worth $36,377,482. Corporate insiders own 12.99% of the company’s stock.

Alphabet Trading Down 1.1 %

Shares of Alphabet stock opened at $155.72 on Friday. The company has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.45 and a beta of 1.05. 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 Inc. has a 12-month low of $103.27 and a 12-month high of $161.70. The firm’s 50-day moving average price is $147.46 and its two-hundred day moving average price is $141.87.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share. On average, analysts forecast that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

About Alphabet

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.