Dixon Mitchell Investment Counsel Inc. Has $1.02 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Dixon Mitchell Investment Counsel Inc. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,207 shares of the information services provider’s stock after buying an additional 137 shares during the period. Dixon Mitchell Investment Counsel Inc.’s holdings in Alphabet were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Canvas Wealth Advisors LLC boosted its stake in shares of Alphabet by 7.1% during the 4th quarter. Canvas Wealth Advisors LLC now owns 8,581 shares of the information services provider’s stock worth $1,238,000 after acquiring an additional 571 shares in the last quarter. Trust Co of the South acquired a new position in Alphabet in the 4th quarter valued at approximately $1,162,000. Smith Anglin Financial LLC raised its holdings in shares of Alphabet by 6.9% in the 4th quarter. Smith Anglin Financial LLC now owns 3,159 shares of the information services provider’s stock worth $445,000 after buying an additional 205 shares in the last quarter. D. Scott Neal Inc. raised its holdings in shares of Alphabet by 94.2% in the 4th quarter. D. Scott Neal Inc. now owns 4,000 shares of the information services provider’s stock worth $564,000 after buying an additional 1,940 shares in the last quarter. Finally, Sandy Cove Advisors LLC increased its holdings in Alphabet by 41.9% during the 4th quarter. Sandy Cove Advisors LLC now owns 5,326 shares of the information services provider’s stock valued at $751,000 after purchasing an additional 1,573 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 425 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total value of $59,334.25. Following the completion of the sale, the chief accounting officer now directly owns 27,259 shares in the company, valued at $3,805,628.99. The sale was disclosed in a filing with the SEC, which is available at this link. In other Alphabet news, CAO Amie Thuener O’toole sold 425 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $139.61, for a total transaction of $59,334.25. Following the completion of the transaction, the chief accounting officer now directly owns 27,259 shares in the company, valued at $3,805,628.99. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 240 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $140.51, for a total transaction of $33,722.40. Following the transaction, the director now owns 14,815 shares of the company’s stock, valued at $2,081,655.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 279,659 shares of company stock worth $39,460,310. Company insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GOOG shares. Susquehanna increased their price objective on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Raymond James lifted their price target on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $146.33.

Alphabet Stock Performance

Alphabet stock traded down $0.56 during midday trading on Wednesday, reaching $151.14. 3,727,077 shares of the company’s stock were exchanged, compared to its average volume of 22,934,617. Alphabet Inc. has a 52 week low of $100.28 and a 52 week high of $155.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market cap of $1.88 trillion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 1.40 and a beta of 1.05. The stock’s 50-day simple moving average is $144.41 and its 200 day simple moving average is $139.20.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $85.28 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The business’s revenue was up 13.5% on a year-over-year basis. On average, analysts expect that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

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.