Foster & Motley Inc. Has $19.81 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Foster & Motley Inc. raised its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,001 shares of the information services provider’s stock after purchasing an additional 2,534 shares during the period. Alphabet makes up approximately 1.3% of Foster & Motley Inc.’s investment portfolio, making the stock its 13th biggest position. Foster & Motley Inc.’s holdings in Alphabet were worth $19,806,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Plimoth Trust Co. LLC raised its stake in Alphabet by 0.6% during the fourth quarter. Plimoth Trust Co. LLC now owns 14,122 shares of the information services provider’s stock worth $2,689,000 after acquiring an additional 80 shares in the last quarter. Ibex Wealth Advisors acquired a new position in shares of Alphabet during the fourth quarter worth $286,000. Swedbank AB lifted its stake in shares of Alphabet by 1.7% in the 4th quarter. Swedbank AB now owns 8,483,070 shares of the information services provider’s stock valued at $1,615,516,000 after acquiring an additional 144,170 shares during the last quarter. Allen Capital Group LLC boosted its holdings in shares of Alphabet by 6.4% during the 4th quarter. Allen Capital Group LLC now owns 5,698 shares of the information services provider’s stock valued at $1,085,000 after acquiring an additional 344 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. grew its position in Alphabet by 1.1% during the 4th quarter. McKinley Carter Wealth Services Inc. now owns 5,787 shares of the information services provider’s stock worth $1,102,000 after acquiring an additional 61 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the sale, the director now owns 21,824 shares in the company, valued at approximately $4,142,195.20. This trade represents a 6.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the sale, the chief accounting officer now directly owns 17,847 shares of the company’s stock, valued at $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,630 shares of company stock worth $22,258,133. Insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research reports. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Barclays upped their price target on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Citigroup raised their price objective on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Pivotal Research upped their target price on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, UBS Group boosted their target price on shares of Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $209.13.

Alphabet Stock Performance

GOOG opened at $205.60 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. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $207.08. The company has a market cap of $2.52 trillion, a price-to-earnings ratio of 27.27, a PEG ratio of 1.27 and a beta of 0.99. The company’s fifty day moving average price is $190.48 and its two-hundred day moving average price is $175.66.

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.