Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Northwest Financial Advisors

Northwest Financial Advisors lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 7.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,000 shares of the information services provider’s stock after acquiring an additional 263 shares during the period. Northwest Financial Advisors’ holdings in Alphabet were worth $762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GOOG. Weiss Asset Management LP purchased a new position in Alphabet in the third quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Alphabet during the 3rd quarter valued at about $33,000. Sanctuary Wealth Management L.L.C. grew its position in shares of Alphabet by 87.3% during the 3rd quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 117 shares during the period. Iron Horse Wealth Management LLC raised its holdings in Alphabet by 32.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 344 shares of the information services provider’s stock worth $57,000 after purchasing an additional 84 shares during the period. Finally, Kieckhefer Group LLC acquired a new position in Alphabet in the 4th quarter worth about $76,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares in the company, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the sale, the chief executive officer now owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. This trade represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 121,630 shares of company stock worth $22,258,133. Company insiders own 12.99% of the company’s stock.

Alphabet Trading Up 2.8 %

Shares of GOOG opened at $202.63 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $189.03 and a 200 day moving average price of $175.35. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $203.84. The firm has a market capitalization of $2.48 trillion, a P/E ratio of 26.87, a P/E/G ratio of 1.27 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. During the same quarter last year, the firm earned $1.55 EPS. The business’s revenue was up 15.1% compared to the same quarter last year. Sell-side analysts forecast that Alphabet Inc. will post 8.02 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GOOG shares. Pivotal Research upped their target price on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Barclays lifted their target price on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company upped their price target on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Wedbush reiterated an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a report on Thursday. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average target price of $206.69.

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.