Signaturefd LLC Raises Position in Alphabet Inc. (NASDAQ:GOOG)

Signaturefd LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 60,544 shares of the information services provider’s stock after purchasing an additional 2,403 shares during the quarter. Signaturefd LLC’s holdings in Alphabet were worth $8,533,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of GOOG. Tandem Wealth Advisors LLC purchased a new position in Alphabet during the 3rd quarter valued at $25,000. Bruce G. Allen Investments LLC purchased a new stake in Alphabet in the fourth quarter worth $26,000. Equitec Proprietary Markets LLC bought a new stake in shares of Alphabet during the fourth quarter worth $28,000. Buck Wealth Strategies LLC purchased a new stake in shares of Alphabet during the third quarter valued at $32,000. Finally, Barometer Capital Management Inc. bought a new position in shares of Alphabet in the third quarter worth about $32,000. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the transaction, the chief executive officer now owns 2,377,691 shares in the company, valued at $347,832,416.39. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director John L. Hennessy sold 800 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the transaction, the director now directly owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00. Following the sale, the chief executive officer now directly owns 2,377,691 shares of the company’s stock, valued at approximately $347,832,416.39. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 251,339 shares of company stock worth $36,377,482. 12.99% of the stock is owned by insiders.

Alphabet Stock Up 1.4 %

Shares of NASDAQ GOOG opened at $157.95 on Tuesday. Alphabet Inc. has a 12-month low of $103.27 and a 12-month high of $161.70. The stock’s fifty day simple moving average is $147.65 and its two-hundred day simple moving average is $142.12. The stock has a market capitalization of $1.96 trillion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

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. The firm had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. As a group, analysts expect that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.