Cedar Mountain Advisors LLC Has $67,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Cedar Mountain Advisors LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOG) by 15.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 354 shares of the information services provider’s stock after selling 63 shares during the quarter. Cedar Mountain Advisors LLC’s holdings in Alphabet were worth $67,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc boosted its position in shares of Alphabet by 35.3% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,084,751 shares of the information services provider’s stock worth $206,569,000 after purchasing an additional 283,159 shares in the last quarter. GSB Wealth Management LLC increased its holdings in shares of Alphabet by 0.5% during the fourth quarter. GSB Wealth Management LLC now owns 18,047 shares of the information services provider’s stock valued at $3,437,000 after acquiring an additional 92 shares in the last quarter. Lantz Financial LLC raised its position in shares of Alphabet by 2.1% during the fourth quarter. Lantz Financial LLC now owns 6,150 shares of the information services provider’s stock worth $1,171,000 after purchasing an additional 129 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in shares of Alphabet by 0.3% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 67,984 shares of the information services provider’s stock worth $12,947,000 after purchasing an additional 204 shares in the last quarter. Finally, apricus wealth LLC grew its position in Alphabet by 7.8% in the 4th quarter. apricus wealth LLC now owns 8,248 shares of the information services provider’s stock valued at $1,571,000 after purchasing an additional 598 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GOOG has been the topic of several research reports. UBS Group upped their price objective on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Wells Fargo & Company boosted their price objective on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Canaccord Genuity Group raised their target price on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.13.

Alphabet Stock Down 4.1 %

GOOG stock opened at $193.64 on Tuesday. The stock has a fifty day moving average of $187.95 and a 200-day moving average of $175.08. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $203.84. The company has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 25.68, a PEG ratio of 1.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. During the same quarter last year, the business earned $1.55 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, equities research analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current year.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $171.42, for a total value of $234,331.14. Following the completion of the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at $4,516,745.58. This trade represents a 4.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the sale, the director now owns 21,824 shares in the company, valued at approximately $4,142,195.20. This represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 133,387 shares of company stock worth $24,368,654. 12.99% of the stock is owned by corporate insiders.

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.