SeaCrest Wealth Management LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.2% during the 4th quarter, Holdings Channel reports. The fund owned 6,719 shares of the information services provider’s stock after acquiring an additional 14 shares during the period. Alphabet comprises approximately 1.7% of SeaCrest Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. SeaCrest Wealth Management LLC’s holdings in Alphabet were worth $11,771,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Magnolia Capital Advisors LLC boosted its stake in Alphabet by 57.2% during the third quarter. Magnolia Capital Advisors LLC now owns 294 shares of the information services provider’s stock worth $29,000 after acquiring an additional 107 shares in the last quarter. Stephenson National Bank & Trust raised its holdings in Alphabet by 200.0% during the third quarter. Stephenson National Bank & Trust now owns 30 shares of the information services provider’s stock worth $44,000 after buying an additional 20 shares during the last quarter. Chiron Capital Management LLC acquired a new position in Alphabet during the third quarter worth $44,000. Clearview Wealth Advisors LLC acquired a new position in Alphabet during the fourth quarter worth $44,000. Finally, Clear Perspectives Financial Planning LLC acquired a new position in Alphabet during the fourth quarter worth $44,000. 31.94% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ GOOG traded down $41.49 during trading hours on Tuesday, reaching $2,023.39. 29,480 shares of the company were exchanged, compared to its average volume of 1,637,658. Alphabet Inc. has a 1 year low of $1,013.54 and a 1 year high of $2,152.68. The business’s 50 day simple moving average is $1,922.66 and its 200-day simple moving average is $1,706.52. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.36 trillion, a P/E ratio of 38.82, a P/E/G ratio of 1.66 and a beta of 0.98.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, February 1st. The information services provider reported $22.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $15.91 by $6.39. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. The business had revenue of $56.90 billion during the quarter, compared to the consensus estimate of $52.86 billion. During the same quarter last year, the company posted $15.35 earnings per share. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alphabet Inc. will post 52.19 earnings per share for the current year.

Several research analysts have weighed in on GOOG shares. Jefferies Financial Group upped their price objective on shares of Alphabet from $2,150.00 to $2,400.00 in a report on Wednesday, February 3rd. Raymond James upped their price objective on shares of Alphabet from $1,800.00 to $2,440.00 and gave the stock an “outperform” rating in a report on Wednesday, February 3rd. They noted that the move was a valuation call. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 3rd. JPMorgan Chase & Co. restated a “buy” rating and set a $2,390.00 price objective (up previously from $2,050.00) on shares of Alphabet in a report on Wednesday, February 3rd. Finally, Royal Bank of Canada restated a “buy” rating on shares of Alphabet in a report on Friday, October 30th. Two research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus target price of $2,184.71.

In related news, SVP Philipp Schindler sold 1,385 shares of the firm’s stock in a transaction dated Wednesday, December 30th. The shares were sold at an average price of $1,762.01, for a total transaction of $2,440,383.85. Following the completion of the sale, the senior vice president now owns 19,950 shares in the company, valued at $35,152,099.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 70 shares of the stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $2,085.54, for a total transaction of $145,987.80. Following the transaction, the director now owns 41 shares of the company’s stock, valued at approximately $85,507.14. The disclosure for this sale can be found here. Insiders have sold 2,999 shares of company stock valued at $5,434,607 in the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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