Alphabet Inc. (NASDAQ:GOOG) is Smith Chas P & Associates PA Cpas’ 4th Largest Position

Smith Chas P & Associates PA Cpas lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 454,812 shares of the information services provider’s stock after selling 7,112 shares during the period. Alphabet accounts for approximately 5.0% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 4th largest holding. Smith Chas P & Associates PA Cpas’ holdings in Alphabet were worth $86,614,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GOOG. Weiss Asset Management LP purchased a new position in shares of Alphabet during the third quarter worth about $25,000. Safe Harbor Fiduciary LLC bought a new stake in Alphabet during the third quarter valued at approximately $33,000. Sanctuary Wealth Management L.L.C. grew its stake in Alphabet by 87.3% in the 3rd quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider’s stock worth $42,000 after buying an additional 117 shares in the last quarter. Iron Horse Wealth Management LLC increased its holdings in shares of Alphabet by 32.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 344 shares of the information services provider’s stock worth $57,000 after buying an additional 84 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in shares of Alphabet during the 4th quarter valued at $76,000. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the transaction, the director now owns 21,824 shares in the company, valued at approximately $4,142,195.20. This represents a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the sale, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,516,745.58. This trade represents a 4.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 122,887 shares of company stock valued at $22,470,464. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Up 1.7 %

Shares of NASDAQ:GOOG opened at $197.07 on Wednesday. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $203.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The stock’s 50-day moving average is $188.29 and its 200 day moving average is $175.13. The company has a market cap of $2.41 trillion, a PE ratio of 26.14, a P/E/G ratio of 1.27 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.55 earnings per share. Sell-side analysts anticipate that Alphabet Inc. will post 8.02 EPS for the current year.

Wall Street Analyst Weigh In

GOOG has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on shares of Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Citigroup upped their price objective on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Phillip Securities raised Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, Barclays lifted their price target on shares of Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $205.13.

Alphabet 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.