Beverly Hills Private Wealth LLC Has $2.02 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Beverly Hills Private Wealth LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 22.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,329 shares of the information services provider’s stock after purchasing an additional 2,609 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Alphabet were worth $2,019,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vontobel Holding Ltd. increased its position in Alphabet by 7.1% during the 4th quarter. Vontobel Holding Ltd. now owns 1,418,275 shares of the information services provider’s stock worth $199,877,000 after purchasing an additional 94,101 shares in the last quarter. Root Financial Partners LLC acquired a new position in Alphabet during the 4th quarter worth approximately $253,000. River Street Advisors LLC acquired a new position in Alphabet during the 4th quarter worth approximately $260,000. Viewpoint Capital Management LLC grew its holdings in Alphabet by 10.2% during the 4th quarter. Viewpoint Capital Management LLC now owns 5,759 shares of the information services provider’s stock worth $812,000 after acquiring an additional 535 shares during the last quarter. Finally, Lecap Asset Management Ltd. bought a new stake in Alphabet during the 4th quarter worth approximately $369,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 0.2 %

NASDAQ:GOOG opened at $156.00 on Wednesday. The firm’s fifty day moving average is $146.95 and its 200-day moving average is $141.51. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. Alphabet Inc. has a 52 week low of $103.27 and a 52 week high of $161.70. The firm has a market cap of $1.94 trillion, a P/E ratio of 26.90, a P/E/G ratio of 1.44 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 24.01% and a return on equity of 27.22%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS. Equities analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the 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 $309,548,095.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the 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 $309,548,095.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 230 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the transaction, the director now directly owns 15,104 shares in the company, valued at $2,326,922.24. The disclosure for this sale can be found here. Insiders have sold a total of 228,839 shares of company stock valued at $32,835,757 over the last ninety days. 12.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GOOG shares. Raymond James boosted their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Morgan Stanley reissued an “overweight” rating and set a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. Oppenheimer boosted their target price on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Susquehanna boosted their target price on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Finally, Stifel Nicolaus upped their price objective on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and a consensus target price of $159.86.

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.