YHB Investment Advisors Inc. Increases Stock Position in Alphabet Inc. (NASDAQ:GOOG)

YHB Investment Advisors Inc. raised its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,019 shares of the information services provider's stock after purchasing an additional 1,823 shares during the period. Alphabet makes up approximately 2.3% of YHB Investment Advisors Inc.'s holdings, making the stock its 9th largest holding. YHB Investment Advisors Inc.'s holdings in Alphabet were worth $28,379,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, CAO Amie Thuener O'toole sold 1,367 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the transaction, the chief accounting officer now directly owns 23,515 shares of the company's stock, valued at $4,007,191.15. The trade was a 5.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frances Arnold sold 441 shares of the business's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the sale, the director now owns 16,490 shares of the company's stock, valued at approximately $2,820,779.40. This represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,630 shares of company stock worth $22,258,133. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

GOOG opened at $202.63 on Friday. The firm has a market capitalization of $2.48 trillion, a PE ratio of 26.87, a PEG ratio of 1.27 and a beta of 0.99. The business's 50-day simple moving average is $189.03 and its 200 day simple moving average is $175.35. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $203.84. 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 - Get Free Report) last posted its quarterly earnings data 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. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $86.39 billion. During the same quarter last year, the business earned $1.55 EPS. The company's quarterly revenue was up 15.1% compared to the same quarter last year. As a group, sell-side analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Alphabet from $212.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Scotiabank lifted their price target on Alphabet from $212.00 to $240.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. Citizens Jmp downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Finally, Phillip Securities upgraded Alphabet to a "strong-buy" rating in a research note on Friday, November 1st. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $206.69.

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.