YHB Investment Advisors Inc. Has $22.05 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

YHB Investment Advisors Inc. cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,268 shares of the information services provider’s stock after selling 2,459 shares during the period. Alphabet accounts for about 2.1% of YHB Investment Advisors Inc.’s portfolio, making the stock its 7th biggest position. YHB Investment Advisors Inc.’s holdings in Alphabet were worth $22,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Financial Advisors Network Inc. increased its stake in shares of Alphabet by 4.5% during the 1st quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock worth $450,000 after purchasing an additional 7 shares in the last quarter. Turim 21 Investimentos Ltda. raised its holdings in shares of Alphabet by 10.8% in the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after acquiring an additional 8 shares during the last quarter. West Michigan Advisors LLC lifted its position in shares of Alphabet by 3.7% in the first quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock valued at $704,000 after acquiring an additional 9 shares in the last quarter. Somerville Kurt F lifted its position in shares of Alphabet by 10.3% in the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after acquiring an additional 11 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its stake in shares of Alphabet by 1.4% during the first quarter. Stonebridge Capital Advisors LLC now owns 1,182 shares of the information services provider’s stock valued at $3,301,000 after acquiring an additional 16 shares during the last quarter. 27.13% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 3,749 shares of Alphabet stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $136.28, for a total value of $510,913.72. Following the completion of the transaction, the chief accounting officer now directly owns 25,568 shares of the company’s stock, valued at approximately $3,484,407.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Kavitark Ram Shriram sold 75,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $131.09, for a total transaction of $9,831,750.00. Following the completion of the transaction, the director now owns 104,364 shares of the company’s stock, valued at $13,681,076.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 3,749 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $136.28, for a total transaction of $510,913.72. Following the completion of the sale, the chief accounting officer now directly owns 25,568 shares in the company, valued at approximately $3,484,407.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 176,576 shares of company stock worth $23,425,367. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Up 0.3 %

Shares of Alphabet stock traded up $0.38 during trading hours on Wednesday, hitting $135.81. 2,685,842 shares of the company’s stock traded hands, compared to its average volume of 25,923,342. The company has a quick ratio of 2.01, a current ratio of 2.04 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a twelve month low of $85.57 and a twelve month high of $142.38. The stock has a 50 day simple moving average of $134.53 and a 200-day simple moving average of $127.82. The company has a market cap of $1.70 trillion, a PE ratio of 25.99, a PEG ratio of 1.49 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, October 24th. The information services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.10. The firm had revenue of $64.05 billion for the quarter, compared to analysts’ expectations of $63.13 billion. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. Equities research analysts anticipate that Alphabet Inc. will post 5.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wedbush initiated coverage on shares of Alphabet in a research report on Monday, August 21st. They set an “outperform” rating on the stock. Susquehanna raised their price objective on Alphabet from $120.00 to $150.00 in a report on Wednesday, July 26th. Robert W. Baird lifted their price objective on Alphabet from $123.00 to $140.00 in a research report on Wednesday, July 26th. Finally, Oppenheimer restated an “outperform” rating and issued a $160.00 price target on shares of Alphabet in a report on Wednesday, October 25th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $130.69.

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.