Hunter Perkins Capital Management LLC Has $1.80 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Hunter Perkins Capital Management LLC cut its position in Alphabet Inc. (NASDAQ:GOOG) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,800 shares of the information services provider’s stock after selling 400 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Alphabet were worth $1,804,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GOOG. Moneta Group Investment Advisors LLC grew its stake in Alphabet by 61,587.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock valued at $11,539,004,000 after purchasing an additional 129,835,437 shares during the period. FMR LLC boosted its holdings in shares of Alphabet by 3.8% in the 3rd quarter. FMR LLC now owns 120,234,117 shares of the information services provider’s stock worth $15,852,868,000 after buying an additional 4,348,188 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Alphabet by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock worth $12,649,838,000 after buying an additional 9,703,425 shares during the last quarter. Morgan Stanley boosted its stake in Alphabet by 37.6% in the fourth quarter. Morgan Stanley now owns 71,779,112 shares of the information services provider’s stock valued at $6,368,961,000 after acquiring an additional 19,612,974 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Alphabet by 2.3% during the 3rd quarter. Northern Trust Corp now owns 57,269,184 shares of the information services provider’s stock worth $7,550,942,000 after purchasing an additional 1,275,060 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 425 shares of Alphabet stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total value of $59,334.25. Following the sale, the chief accounting officer now directly owns 27,259 shares in the company, valued at approximately $3,805,628.99. The sale was disclosed in a filing with the SEC, which is available through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 425 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total transaction of $59,334.25. Following the transaction, the chief accounting officer now owns 27,259 shares in the company, valued at approximately $3,805,628.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 240 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $140.51, for a total value of $33,722.40. Following the completion of the transaction, the director now owns 14,815 shares of the company’s stock, valued at approximately $2,081,655.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 251,378 shares of company stock valued at $35,461,377. Insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the topic of several research reports. Susquehanna boosted their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Raymond James boosted their price objective on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $146.33.

Alphabet Trading Up 0.1 %

Shares of GOOG traded up $0.18 during trading hours on Thursday, hitting $152.12. The company had a trading volume of 7,996,089 shares, compared to its average volume of 22,909,428. The stock’s 50 day moving average price is $144.57 and its 200 day moving average price is $139.30. 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 Inc. has a 52-week low of $100.29 and a 52-week high of $155.20. The firm has a market cap of $1.89 trillion, a P/E ratio of 26.16, a P/E/G ratio of 1.40 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last issued its 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 the consensus estimate of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 earnings per share. On average, research analysts predict that Alphabet Inc. will post 6.77 EPS for the current year.

About Alphabet

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.