Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Avion Wealth

Avion Wealth decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 22.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 551 shares of the information services provider’s stock after selling 156 shares during the period. Avion Wealth’s holdings in Alphabet were worth $78,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Tandem Wealth Advisors LLC acquired a new position in shares of Alphabet in the third quarter valued at approximately $25,000. Bruce G. Allen Investments LLC acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $26,000. HWG Holdings LP acquired a new position in shares of Alphabet in the second quarter valued at approximately $26,000. Intrepid Capital Management Inc. acquired a new position in shares of Alphabet in the second quarter valued at approximately $31,000. Finally, Buck Wealth Strategies LLC acquired a new position in shares of Alphabet in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Activity

In other news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now directly owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now directly owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The disclosure for this sale can be found here. Insiders have sold 250,539 shares of company stock worth $35,906,259 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Susquehanna upped their price objective on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Raymond James upped their price objective on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a report on Thursday. Finally, Oppenheimer upped their price objective on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Alphabet has an average rating of “Buy” and an average target price of $157.50.

Alphabet Stock Down 1.0 %

GOOG opened at $159.19 on Friday. The business’s fifty day moving average is $146.51 and its two-hundred day moving average is $141.02. 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 company has a market cap of $1.98 trillion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.48 and a beta of 1.05. Alphabet Inc. has a one year low of $103.27 and a one year high of $161.70.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $85.28 billion. During the same period in the previous year, the business earned $1.05 earnings per share. Alphabet’s quarterly revenue was up 13.5% compared to the same quarter last year. Analysts anticipate that Alphabet Inc. will post 6.78 EPS 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.