Nvest Financial LLC Boosts Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Nvest Financial LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 38.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,227 shares of the information services provider’s stock after purchasing an additional 622 shares during the quarter. Nvest Financial LLC’s holdings in Alphabet were worth $424,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Czech National Bank boosted its position in Alphabet by 5.1% during the 3rd quarter. Czech National Bank now owns 978,396 shares of the information services provider’s stock worth $163,578,000 after acquiring an additional 47,171 shares during the period. Unique Wealth LLC raised its stake in shares of Alphabet by 2.3% in the 3rd quarter. Unique Wealth LLC now owns 3,375 shares of the information services provider’s stock worth $564,000 after buying an additional 76 shares in the last quarter. Meritas Wealth Management LLC raised its stake in shares of Alphabet by 4.6% in the 3rd quarter. Meritas Wealth Management LLC now owns 1,516 shares of the information services provider’s stock worth $253,000 after buying an additional 66 shares in the last quarter. Marotta Asset Management raised its stake in shares of Alphabet by 44.4% in the 3rd quarter. Marotta Asset Management now owns 1,821 shares of the information services provider’s stock worth $304,000 after buying an additional 560 shares in the last quarter. Finally, Farmers Trust Co. raised its stake in shares of Alphabet by 17.0% in the 3rd quarter. Farmers Trust Co. now owns 2,872 shares of the information services provider’s stock worth $480,000 after buying an additional 418 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Up 1.5 %

Shares of Alphabet stock opened at $205.60 on Friday. The stock has a 50-day moving average price of $189.70 and a 200 day moving average price of $175.54. The company has a market cap of $2.52 trillion, a P/E ratio of 27.27, a P/E/G ratio of 1.27 and a beta of 0.99. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $207.08.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same period in the prior year, the firm posted $1.55 EPS. The business’s revenue was up 15.1% compared to the same quarter last year. As a group, analysts expect that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of research reports. UBS Group boosted their price objective on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Citigroup boosted their price objective on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group boosted their target price on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Wells Fargo & Company upped their target price on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.13.

Insiders Place Their Bets

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

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.