BIP Wealth LLC Has $896,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

BIP Wealth LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,356 shares of the information services provider’s stock after acquiring an additional 112 shares during the quarter. BIP Wealth LLC’s holdings in Alphabet were worth $896,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Everence Capital Management Inc. boosted its stake in Alphabet by 0.7% during the third quarter. Everence Capital Management Inc. now owns 124,950 shares of the information services provider’s stock worth $16,475,000 after acquiring an additional 830 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its stake in shares of Alphabet by 15.0% in the third quarter. Arkfeld Wealth Strategies L.L.C. now owns 19,808 shares of the information services provider’s stock valued at $2,757,000 after buying an additional 2,580 shares in the last quarter. Essex LLC lifted its stake in shares of Alphabet by 6.3% in the third quarter. Essex LLC now owns 29,660 shares of the information services provider’s stock valued at $3,911,000 after buying an additional 1,768 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in shares of Alphabet by 14.1% in the third quarter. Capital Investment Advisors LLC now owns 28,953 shares of the information services provider’s stock valued at $3,817,000 after buying an additional 3,573 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC lifted its stake in shares of Alphabet by 1.1% in the third quarter. Onyx Bridge Wealth Group LLC now owns 22,332 shares of the information services provider’s stock valued at $2,944,000 after buying an additional 234 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the transaction, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the transaction, the director now owns 15,104 shares in the company, valued at approximately $2,326,922.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the completion of the transaction, the chief executive officer now owns 2,332,691 shares in the company, valued at approximately $309,548,095.70. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock valued at $36,377,482 over the last three months. 12.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Alphabet Price Performance

Alphabet stock traded up $14.42 during mid-day trading on Friday, hitting $172.37. 22,014,553 shares of the company traded hands, compared to its average volume of 22,186,350. Alphabet Inc. has a one year low of $104.42 and a one year high of $176.42. The stock has a market cap of $2.14 trillion, a price-to-earnings ratio of 29.72, a price-to-earnings-growth ratio of 1.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a fifty day moving average price of $148.48 and a 200-day moving average price of $142.51.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $80.54 billion during the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 EPS. On average, equities analysts predict that Alphabet Inc. will post 6.79 earnings per share for the current fiscal year.

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.