Hill Investment Group Partners LLC Acquires Shares of 2,228 Alphabet Inc. (NASDAQ:GOOG)

Hill Investment Group Partners LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,228 shares of the information services provider’s stock, valued at approximately $270,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC grew its position in shares of Alphabet by 47.6% during the 2nd quarter. William Blair Investment Management LLC now owns 2,467 shares of the information services provider’s stock valued at $298,000 after acquiring an additional 796 shares during the period. MetLife Investment Management LLC bought a new position in shares of Alphabet during the 2nd quarter valued at approximately $181,355,000. Osaic Holdings Inc. grew its position in shares of Alphabet by 28.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,199,927 shares of the information services provider’s stock valued at $207,022,000 after acquiring an additional 493,244 shares during the period. Delta Asset Management LLC TN grew its position in shares of Alphabet by 4.2% during the 2nd quarter. Delta Asset Management LLC TN now owns 6,815 shares of the information services provider’s stock valued at $824,000 after acquiring an additional 275 shares during the period. Finally, EWA LLC grew its position in shares of Alphabet by 8.9% during the 2nd quarter. EWA LLC now owns 2,117 shares of the information services provider’s stock valued at $256,000 after acquiring an additional 173 shares during the period. Hedge funds and other institutional investors own 27.13% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOG traded up $1.24 on Monday, hitting $138.18. The stock had a trading volume of 11,151,872 shares, compared to its average volume of 25,875,609. Alphabet Inc. has a 52-week low of $85.57 and a 52-week high of $142.38. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.04. The company has a market capitalization of $1.73 trillion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. The firm has a 50-day moving average of $134.60 and a 200-day moving average of $128.47.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, October 24th. The information services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.10. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. The business had revenue of $64.05 billion for the quarter, compared to analysts’ expectations of $63.13 billion. Equities analysts expect that Alphabet Inc. will post 5.74 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Robert W. Baird increased their target price on shares of Alphabet from $123.00 to $140.00 in a research report on Wednesday, July 26th. Wedbush assumed coverage on shares of Alphabet in a report on Monday, August 21st. They issued an “outperform” rating for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of Alphabet in a report on Wednesday, October 25th. Finally, Susquehanna raised their price objective on shares of Alphabet from $120.00 to $150.00 in a report on Wednesday, July 26th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $130.69.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 75,000 shares of Alphabet stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $131.09, for a total transaction of $9,831,750.00. Following the completion of the sale, the director now directly owns 104,364 shares of the company’s stock, valued at approximately $13,681,076.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Monday, September 11th. The shares were sold at an average price of $137.30, for a total transaction of $27,460.00. Following the completion of the sale, the director now directly owns 7,584 shares of the company’s stock, valued at approximately $1,041,283.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 75,000 shares of Alphabet stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $131.09, for a total transaction of $9,831,750.00. Following the sale, the director now directly owns 104,364 shares of the company’s stock, valued at $13,681,076.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 176,576 shares of company stock worth $23,425,367. 12.99% of the stock is currently owned by corporate insiders.

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.