HHM Wealth Advisors LLC Sells 200 Shares of Alphabet Inc. (NASDAQ:GOOG)

HHM Wealth Advisors LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,106 shares of the information services provider’s stock after selling 200 shares during the period. HHM Wealth Advisors LLC’s holdings in Alphabet were worth $1,283,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. CX Institutional raised its holdings in Alphabet by 2.3% in the 3rd quarter. CX Institutional now owns 29,102 shares of the information services provider’s stock worth $3,837,000 after acquiring an additional 648 shares during the last quarter. Builder Investment Group Inc. ADV raised its holdings in Alphabet by 19.8% in the 3rd quarter. Builder Investment Group Inc. ADV now owns 2,420 shares of the information services provider’s stock worth $319,000 after acquiring an additional 400 shares during the last quarter. Coronation Fund Managers Ltd. raised its holdings in Alphabet by 25.4% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 47,109 shares of the information services provider’s stock worth $6,211,000 after acquiring an additional 9,534 shares during the last quarter. Goldstein Advisors LLC raised its holdings in Alphabet by 12.3% in the 3rd quarter. Goldstein Advisors LLC now owns 6,479 shares of the information services provider’s stock worth $854,000 after acquiring an additional 711 shares during the last quarter. Finally, SS&H Financial Advisors Inc. purchased a new position in Alphabet in the 3rd quarter worth approximately $2,423,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the completion of the transaction, the chief executive officer now owns 2,377,691 shares of the company’s stock, valued at approximately $347,832,416.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frances Arnold sold 230 shares of the company’s 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 completion of the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. Insiders sold a total of 253,439 shares of company stock valued at $36,746,578 in the last 90 days. Company insiders own 12.99% of the company’s stock.

Alphabet Trading Up 10.0 %

Shares of GOOG stock opened at $173.69 on Monday. Alphabet Inc. has a 1 year low of $104.42 and a 1 year high of $176.42. The firm has a fifty day moving average price of $149.12 and a 200-day moving average price of $142.78. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10. The company has a market cap of $2.16 trillion, a price-to-earnings ratio of 26.64, a PEG ratio of 1.59 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, equities analysts predict that Alphabet Inc. will post 6.8 earnings per share for the current year.

About Alphabet

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.