Bell & Brown Wealth Advisors LLC Takes $577,000 Position in Alphabet Inc. (NASDAQ:GOOG)

Bell & Brown Wealth Advisors LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOGFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,095 shares of the information services provider’s stock, valued at approximately $577,000.

A number of other hedge funds also recently bought and sold shares of the company. WealthPlan Investment Management LLC increased its stake in shares of Alphabet by 508.0% during the 3rd quarter. WealthPlan Investment Management LLC now owns 56,632 shares of the information services provider’s stock worth $7,467,000 after purchasing an additional 47,317 shares during the last quarter. Regent Peak Wealth Advisors LLC raised its stake in shares of Alphabet by 13.9% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 17,799 shares of the information services provider’s stock valued at $2,347,000 after acquiring an additional 2,170 shares in the last quarter. NBC Securities Inc. bought a new position in Alphabet in the 3rd quarter worth $3,938,000. Pinnacle Financial Partners Inc increased its stake in shares of Alphabet by 0.7% in the third quarter. Pinnacle Financial Partners Inc now owns 330,676 shares of the information services provider’s stock worth $43,600,000 after purchasing an additional 2,266 shares during the period. Finally, Achmea Investment Management B.V. grew its holdings in Alphabet by 2.3% in the 3rd quarter. Achmea Investment Management B.V. now owns 442,810 shares of the information services provider’s stock valued at $58,385,000 after buying an additional 9,808 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now directly owns 28,602 shares in the company, valued at $3,903,886.98. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Prabhakar Raghavan sold 3,258 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the sale, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. Insiders have sold a total of 205,935 shares of company stock valued at $31,178,987 over the last 90 days. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Up 0.7 %

Shares of NASDAQ:GOOG traded up $1.27 during trading on Monday, hitting $176.33. 11,403,500 shares of the company’s stock traded hands, compared to its average volume of 21,919,543. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.18 trillion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 1.31 and a beta of 1.02. The company has a 50-day moving average price of $162.27 and a 200-day moving average price of $148.32. Alphabet Inc. has a 52 week low of $115.83 and a 52 week high of $179.95.

Alphabet (NASDAQ:GOOGGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. The company had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 EPS. As a group, research analysts forecast that Alphabet Inc. will post 7.7 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GOOG shares. Stifel Nicolaus increased their price target on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Susquehanna lifted their target price on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Oppenheimer increased their price target on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Finally, Morgan Stanley reissued an “overweight” rating and set a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $165.67.

Check Out Our Latest Stock Report on GOOG

Alphabet Profile

(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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