National Wealth Management Group LLC Raises Holdings in Alphabet Inc. (NASDAQ:GOOG)

National Wealth Management Group LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 21.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,518 shares of the information services provider’s stock after purchasing an additional 630 shares during the quarter. National Wealth Management Group LLC’s holdings in Alphabet were worth $496,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in GOOG. Roble Belko & Company Inc boosted its stake in Alphabet by 44.3% during the fourth quarter. Roble Belko & Company Inc now owns 3,845 shares of the information services provider’s stock worth $542,000 after buying an additional 1,180 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in Alphabet by 1.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 315,852 shares of the information services provider’s stock worth $44,513,000 after buying an additional 3,292 shares during the last quarter. PDS Planning Inc boosted its stake in Alphabet by 3.0% during the fourth quarter. PDS Planning Inc now owns 28,084 shares of the information services provider’s stock worth $3,958,000 after buying an additional 830 shares during the last quarter. 1900 Wealth Management LLC boosted its stake in Alphabet by 1.3% during the fourth quarter. 1900 Wealth Management LLC now owns 12,348 shares of the information services provider’s stock worth $1,740,000 after buying an additional 160 shares during the last quarter. Finally, Garrison Asset Management LLC lifted its stake in shares of Alphabet by 5.4% in the 4th quarter. Garrison Asset Management LLC now owns 20,042 shares of the information services provider’s stock valued at $2,825,000 after purchasing an additional 1,030 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the transaction, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the sale, the chief executive officer now owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 251,339 shares of company stock valued at $36,377,482. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOG opened at $161.10 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The business has a 50 day moving average price of $148.20 and a 200 day moving average price of $142.40. The company has a market capitalization of $2.00 trillion, a P/E ratio of 27.78, a PEG ratio of 1.47 and a beta of 1.05. Alphabet Inc. has a 1-year low of $103.27 and a 1-year high of $161.70.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. Alphabet’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 6.79 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Susquehanna upped their price target on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Stifel Nicolaus increased their price objective on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Oppenheimer increased their price objective on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Finally, Raymond James increased their price objective on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $159.86.

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