Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Carl P. Sherr & Co. LLC

Carl P. Sherr & Co. LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 20.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,899 shares of the information services provider’s stock after buying an additional 2,004 shares during the period. Alphabet makes up approximately 1.0% of Carl P. Sherr & Co. LLC’s holdings, making the stock its 24th largest holding. Carl P. Sherr & Co. LLC’s holdings in Alphabet were worth $1,677,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Tandem Wealth Advisors LLC acquired a new position in Alphabet in the 3rd quarter valued at $25,000. Bruce G. Allen Investments LLC acquired a new position in Alphabet in the 4th quarter valued at $26,000. HWG Holdings LP acquired a new position in Alphabet in the 2nd quarter valued at $26,000. Equitec Proprietary Markets LLC acquired a new position in Alphabet in the 4th quarter valued at $28,000. Finally, Buck Wealth Strategies LLC acquired a new position in Alphabet in the 3rd quarter valued at $32,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, CFO Ruth Porat sold 48,077 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the transaction, the chief financial officer now directly owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Alphabet news, CFO Ruth Porat sold 48,077 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the transaction, the chief financial officer now directly owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frances Arnold sold 230 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now 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 251,339 shares of company stock worth $36,377,482 in the last three months. Corporate insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $157.46 on Friday. Alphabet Inc. has a 52 week low of $103.27 and a 52 week high of $161.70. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm’s 50-day simple moving average is $147.35 and its 200 day simple moving average is $141.72. The firm has a market capitalization of $1.96 trillion, a PE ratio of 27.15, a P/E/G ratio of 1.45 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data 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. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business had revenue of $86.31 billion for the quarter, compared to analyst estimates of $85.28 billion. During the same period in the previous year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, equities research analysts predict that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GOOG. Susquehanna boosted their target price on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Oppenheimer boosted their target price on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. 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 research report on Wednesday, January 24th. Morgan Stanley restated an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Finally, Stifel Nicolaus boosted their target price on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $159.86.

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