Westfield Capital Management Co. LP Has $10.41 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Westfield Capital Management Co. LP reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,886 shares of the information services provider’s stock after selling 8,233 shares during the period. Westfield Capital Management Co. LP’s holdings in Alphabet were worth $10,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GOOG. Partnership Wealth Management LLC bought a new stake in Alphabet during the fourth quarter worth about $26,000. Bruce G. Allen Investments LLC bought a new stake in Alphabet during the fourth quarter worth about $26,000. Equitec Proprietary Markets LLC bought a new stake in Alphabet during the fourth quarter worth about $28,000. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet during the fourth quarter worth about $32,000. Finally, Buck Wealth Strategies LLC bought a new stake in Alphabet during the third quarter worth about $32,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total transaction of $41,853.00. Following the completion of the sale, the director now owns 9,291 shares of the company’s stock, valued at approximately $1,296,187.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director John L. Hennessy sold 300 shares of Alphabet stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total value of $41,853.00. Following the completion of the sale, the director now owns 9,291 shares of the company’s stock, valued at approximately $1,296,187.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction 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 approximately $3,903,886.98. The disclosure for this sale can be found here. Insiders sold a total of 205,935 shares of company stock valued at $31,178,987 in the last quarter. 12.99% of the stock is currently owned by company insiders.

Alphabet Trading Up 0.7 %

NASDAQ:GOOG traded up $1.27 on Friday, reaching $176.33. 11,403,560 shares of the stock traded hands, compared to its average volume of 21,240,740. The firm has a market capitalization 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’s 50 day moving average is $162.27 and its 200-day moving average is $148.21. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 1-year low of $115.83 and a 1-year high of $179.95.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.51 by $0.38. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS. Equities research analysts anticipate that Alphabet Inc. will post 7.7 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th.

Analyst Ratings Changes

A number of research analysts have recently commented on GOOG shares. Morgan Stanley reissued an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. Oppenheimer raised their price objective on shares of 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 shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Susquehanna raised their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $165.67.

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.