Mountain Pacific Investment Advisers Inc. ID Sells 106 Shares of Alphabet Inc. (NASDAQ:GOOG)

Mountain Pacific Investment Advisers Inc. ID decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,205 shares of the information services provider’s stock after selling 106 shares during the period. Mountain Pacific Investment Advisers Inc. ID’s holdings in Alphabet were worth $311,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOG. Tandem Wealth Advisors LLC bought a new position in shares of Alphabet during the third quarter valued at approximately $25,000. Bruce G. Allen Investments LLC bought a new position in shares of Alphabet during the fourth quarter valued at approximately $26,000. Equitec Proprietary Markets LLC bought a new position in shares of Alphabet during the fourth quarter valued at approximately $28,000. Buck Wealth Strategies LLC bought a new stake in shares of Alphabet during the third quarter valued at approximately $32,000. Finally, Barometer Capital Management Inc. bought a new stake in shares of Alphabet during the third quarter valued at approximately $32,000. Institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the subject of several analyst reports. Raymond James raised their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Morgan Stanley reissued an “overweight” rating and set a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. Stifel Nicolaus raised their price target on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Susquehanna raised their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Finally, Oppenheimer raised their price target on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alphabet currently has a consensus rating of “Buy” and a consensus price target of $165.67.

Insider Buying and Selling

In related news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares in the company, valued at approximately $4,009,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the transaction, the director now owns 15,104 shares in the company, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 253,439 shares of company stock worth $36,746,578. 12.99% of the stock is owned by insiders.

Alphabet Trading Up 10.0 %

Shares of GOOG stock opened at $173.69 on Friday. Alphabet Inc. has a 12-month low of $104.42 and a 12-month high of $176.42. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $149.12 and its 200 day moving average is $142.77. The stock has a market capitalization of $2.16 trillion, a P/E ratio of 26.64, a P/E/G ratio of 1.60 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. The company had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $78.75 billion. During the same quarter last year, the company posted $1.17 earnings per share. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. Research analysts expect that Alphabet Inc. will post 6.8 earnings per share for the current year.

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.