James Hambro & Partners LLP boosted its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 878,197 shares of the information services provider's stock after acquiring an additional 13,274 shares during the quarter. Alphabet accounts for about 6.6% of James Hambro & Partners LLP's investment portfolio, making the stock its 2nd largest position. James Hambro & Partners LLP's holdings in Alphabet were worth $167,266,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Mount Yale Investment Advisors LLC raised its position in shares of Alphabet by 1.5% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 74,535 shares of the information services provider's stock valued at $14,194,000 after buying an additional 1,071 shares in the last quarter. Ridgecrest Wealth Partners LLC raised its position in Alphabet by 3.5% during the fourth quarter. Ridgecrest Wealth Partners LLC now owns 23,797 shares of the information services provider's stock valued at $4,532,000 after purchasing an additional 800 shares in the last quarter. Valued Wealth Advisors LLC lifted its stake in Alphabet by 19.6% during the fourth quarter. Valued Wealth Advisors LLC now owns 830 shares of the information services provider's stock worth $158,000 after purchasing an additional 136 shares during the last quarter. McLean Asset Management Corp lifted its stake in Alphabet by 10.1% during the fourth quarter. McLean Asset Management Corp now owns 5,953 shares of the information services provider's stock worth $1,134,000 after purchasing an additional 548 shares during the last quarter. Finally, Aurora Private Wealth Inc. increased its position in shares of Alphabet by 3.8% during the 4th quarter. Aurora Private Wealth Inc. now owns 9,189 shares of the information services provider's stock valued at $1,750,000 after purchasing an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.
Wall Street Analysts Forecast Growth
GOOG has been the subject of several research reports. Jefferies Financial Group upped their target price on Alphabet from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Canaccord Genuity Group upped their price objective on shares of Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Barclays lifted their target price on shares of Alphabet from $200.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on shares of Alphabet from $208.00 to $212.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Finally, Oppenheimer lifted their price objective on Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Thursday. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $205.80.
Read Our Latest Analysis on Alphabet
Insider Activity
In other Alphabet news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the transaction, the director now owns 21,824 shares in the company, valued at approximately $4,142,195.20. The trade was a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,367 shares of the business's stock in a transaction on 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 sale, the chief accounting officer now directly owns 26,349 shares in the company, valued at $4,516,745.58. This trade represents a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,997 shares of company stock worth $22,492,464. Corporate insiders own 12.99% of the company's stock.
Alphabet Stock Up 2.8 %
Alphabet stock traded up $5.45 during trading hours on Thursday, hitting $202.63. 14,510,056 shares of the stock traded hands, compared to its average volume of 16,168,515. Alphabet Inc. has a one year low of $131.55 and a one year high of $203.84. The company has a market cap of $2.48 trillion, a PE ratio of 26.87, a PEG ratio of 1.27 and a beta of 0.99. The firm's 50-day moving average price is $189.03 and its two-hundred day moving average price is $175.35. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm's revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 earnings per share. On average, research analysts forecast that Alphabet Inc. will post 8.02 EPS for the current year.
Alphabet Company Profile
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Free Report)
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.
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