Alphabet Inc. (NASDAQ:GOOG) Holdings Lowered by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 157,238 shares of the information services provider’s stock after selling 416 shares during the period. Alphabet accounts for 2.5% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its largest position. Marks Group Wealth Management Inc’s holdings in Alphabet were worth $22,160,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stockman Wealth Management Inc. increased its position in shares of Alphabet by 3.8% during the 4th quarter. Stockman Wealth Management Inc. now owns 7,935 shares of the information services provider’s stock valued at $1,118,000 after purchasing an additional 290 shares during the last quarter. National Wealth Management Group LLC raised its holdings in shares of Alphabet by 21.8% during the 4th quarter. National Wealth Management Group LLC now owns 3,518 shares of the information services provider’s stock valued at $496,000 after buying an additional 630 shares in the last quarter. Roble Belko & Company Inc raised its holdings in shares of Alphabet by 44.3% during the 4th quarter. Roble Belko & Company Inc now owns 3,845 shares of the information services provider’s stock valued at $542,000 after buying an additional 1,180 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Alphabet by 1.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 315,852 shares of the information services provider’s stock valued at $44,513,000 after buying an additional 3,292 shares in the last quarter. Finally, PDS Planning Inc raised its holdings in shares of Alphabet by 3.0% during the 4th quarter. PDS Planning Inc now owns 28,084 shares of the information services provider’s stock valued at $3,958,000 after buying an additional 830 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the sale, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the sale, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 251,339 shares of company stock valued at $36,377,482. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 0.7 %

NASDAQ GOOG opened at $161.10 on Thursday. 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 twelve month low of $103.27 and a twelve month high of $161.70. The firm has a market capitalization of $2.00 trillion, a PE ratio of 27.78, a P/E/G ratio of 1.47 and a beta of 1.05. The stock’s 50 day moving average is $148.20 and its 200 day moving average is $142.40.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $1.05 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. Research analysts forecast that Alphabet Inc. will post 6.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on GOOG. Oppenheimer raised their price objective on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Stifel Nicolaus raised their price objective on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley reissued an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Susquehanna raised their price objective on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Finally, Raymond James lifted their price target on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $159.86.

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.