Alphabet Inc. (NASDAQ:GOOG) Shares Sold by McAdam LLC

McAdam LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 10.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,893 shares of the information services provider’s stock after selling 766 shares during the period. McAdam LLC’s holdings in Alphabet were worth $971,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Tandem Wealth Advisors LLC acquired a new position in shares of Alphabet during the 3rd quarter valued at about $25,000. Bruce G. Allen Investments LLC purchased a new position in Alphabet during the fourth quarter worth about $26,000. Equitec Proprietary Markets LLC acquired a new position in Alphabet in the 4th quarter valued at about $28,000. Buck Wealth Strategies LLC purchased a new stake in shares of Alphabet in the 3rd quarter valued at approximately $32,000. Finally, Barometer Capital Management Inc. acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $32,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GOOG. Susquehanna increased their price objective on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Stifel Nicolaus increased their price target on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley restated an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Oppenheimer upped their target price on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Raymond James lifted their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $165.67.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the transaction, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the sale, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The disclosure for this sale can be found here. Insiders sold 253,209 shares of company stock valued at $36,711,144 in the last 90 days. Company insiders own 12.99% of the company’s stock.

Alphabet Price Performance

GOOG stock opened at $167.90 on Tuesday. The business’s fifty day moving average price is $149.64 and its 200 day moving average price is $142.97. Alphabet Inc. has a 12-month low of $104.50 and a 12-month high of $176.42. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $2.09 trillion, a PE ratio of 25.75, a P/E/G ratio of 1.59 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Alphabet Inc. will post 6.8 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th.

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.