Courier Capital LLC Increases Position in Alphabet Inc. (NASDAQ:GOOG)

Courier Capital LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,866 shares of the information services provider’s stock after buying an additional 340 shares during the period. Alphabet accounts for about 1.0% of Courier Capital LLC’s portfolio, making the stock its 23rd largest holding. Courier Capital LLC’s holdings in Alphabet were worth $12,947,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Totem Point Management LLC grew its position in shares of Alphabet by 22.0% in the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after purchasing an additional 571 shares in the last quarter. Somerville Kurt F grew its position in shares of Alphabet by 10.3% in the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after purchasing an additional 11 shares in the last quarter. BCK Partners Inc. purchased a new stake in shares of Alphabet in the first quarter valued at approximately $2,564,000. Hall Capital Management Co. Inc. grew its position in shares of Alphabet by 53.2% in the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after purchasing an additional 50 shares in the last quarter. Finally, Fairfield Bush & CO. grew its position in shares of Alphabet by 6.8% in the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after purchasing an additional 214 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Up 0.2 %

GOOG opened at $151.94 on Thursday. Alphabet Inc. has a 52 week low of $100.28 and a 52 week high of $155.20. The business has a fifty day simple moving average of $144.57 and a 200-day simple moving average of $139.30. The firm has a market cap of $1.89 trillion, a P/E ratio of 26.20, a P/E/G ratio of 1.40 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

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

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $140.11, for a total value of $3,152,475.00. Following the sale, the chief executive officer now directly owns 2,422,691 shares in the company, valued at $339,443,236.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $140.11, for a total value of $3,152,475.00. Following the sale, the chief executive officer now directly owns 2,422,691 shares in the company, valued at $339,443,236.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Prabhakar Raghavan sold 16,088 shares of Alphabet stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total value of $2,237,840.80. Following the sale, the senior vice president now owns 52,440 shares in the company, valued at approximately $7,294,404. The disclosure for this sale can be found here. Insiders have sold a total of 251,378 shares of company stock worth $35,461,377 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the subject of several analyst reports. Raymond James increased their price objective on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Susquehanna increased their price objective on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $146.33.

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.