2,126 Shares in Alphabet Inc. (NASDAQ:GOOG) Purchased by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,126 shares of the information services provider’s stock, valued at approximately $300,000.

Several other hedge funds have also recently bought and sold shares of GOOG. Tandem Wealth Advisors LLC acquired a new stake in Alphabet in the 3rd quarter valued at about $25,000. Bruce G. Allen Investments LLC acquired a new stake in Alphabet in the 4th quarter valued at about $26,000. HWG Holdings LP acquired a new stake in Alphabet in the 2nd quarter valued at about $26,000. Buck Wealth Strategies LLC acquired a new stake in Alphabet in the 3rd quarter valued at about $32,000. Finally, Barometer Capital Management Inc. purchased a new position in shares of Alphabet in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Trading Down 1.8 %

GOOG opened at $156.33 on Tuesday. The firm has a market cap of $1.94 trillion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05. Alphabet Inc. has a 52 week low of $103.27 and a 52 week high of $161.70. The business’s 50 day moving average is $146.73 and its two-hundred day moving average is $141.34. 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 (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 earnings per share. On average, research analysts predict that Alphabet Inc. will post 6.78 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GOOG shares. Oppenheimer raised their target price on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Raymond James raised their target price on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Susquehanna raised their target price on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Finally, Morgan Stanley reissued an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $157.50.

Insider Activity

In other news, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the transaction, the director now owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the sale, the director now directly owns 7,991 shares in the company, valued at $1,275,043.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $142.14, for a total value of $3,198,150.00. Following the sale, the chief executive officer now owns 2,400,191 shares in the company, valued at $341,163,148.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 251,339 shares of company stock valued at $36,033,907. Company insiders own 12.99% of the company’s stock.

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.