Nilsine Partners LLC Acquires 7,922 Shares of Alphabet Inc. (NASDAQ:GOOG)

Nilsine Partners LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 48.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,203 shares of the information services provider's stock after acquiring an additional 7,922 shares during the quarter. Nilsine Partners LLC's holdings in Alphabet were worth $4,609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Harrell Investment Partners LLC grew its holdings in shares of Alphabet by 0.9% during the fourth quarter. Harrell Investment Partners LLC now owns 5,659 shares of the information services provider's stock worth $1,078,000 after purchasing an additional 53 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted its position in Alphabet by 1.1% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 5,073 shares of the information services provider's stock worth $966,000 after buying an additional 54 shares during the period. Investment Advisory Group LLC grew its holdings in Alphabet by 0.7% during the 4th quarter. Investment Advisory Group LLC now owns 7,684 shares of the information services provider's stock worth $1,463,000 after acquiring an additional 56 shares during the last quarter. McGlone Suttner Wealth Management Inc. increased its position in Alphabet by 4.6% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 1,275 shares of the information services provider's stock valued at $243,000 after acquiring an additional 56 shares during the period. Finally, Sunburst Financial Group LLC raised its stake in shares of Alphabet by 2.1% during the third quarter. Sunburst Financial Group LLC now owns 2,959 shares of the information services provider's stock valued at $495,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total transaction of $291,330.00. Following the transaction, the director now directly owns 23,324 shares in the company, valued at approximately $4,529,987.28. This trade represents a 6.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O'toole sold 1,367 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the sale, the chief accounting officer now owns 23,515 shares of the company's stock, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,630 shares of company stock worth $22,258,133. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Up 1.5 %

Alphabet stock traded up $2.97 during midday trading on Friday, reaching $205.60. The stock had a trading volume of 17,059,516 shares, compared to its average volume of 16,222,196. The company has a fifty day moving average price of $189.70 and a two-hundred day moving average price of $175.54. Alphabet Inc. has a 12 month low of $131.55 and a 12 month high of $207.08. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.52 trillion, a P/E ratio of 27.27, a PEG ratio of 1.27 and a beta of 0.99.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The company's quarterly revenue was up 15.1% on a year-over-year basis. As a group, equities analysts expect that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Oppenheimer increased their price objective on Alphabet from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Thursday. Pivotal Research raised their price objective on Alphabet from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on Alphabet from $208.00 to $212.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Jefferies Financial Group raised their price target on shares of Alphabet from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, 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. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $206.69.

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.