Alphabet Inc. (NASDAQ:GOOG) Holdings Decreased by Asio Capital LLC

Asio Capital LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 82,290 shares of the information services provider’s stock after selling 391 shares during the quarter. Alphabet comprises approximately 3.0% of Asio Capital LLC’s holdings, making the stock its 6th largest position. Asio Capital LLC’s holdings in Alphabet were worth $15,671,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC lifted its holdings in shares of Alphabet by 3.5% during the 4th quarter. Archford Capital Strategies LLC now owns 24,208 shares of the information services provider’s stock valued at $4,610,000 after acquiring an additional 823 shares in the last quarter. Duncan Williams Asset Management LLC lifted its stake in shares of Alphabet by 251.7% during the fourth quarter. Duncan Williams Asset Management LLC now owns 7,397 shares of the information services provider’s stock worth $1,409,000 after purchasing an additional 5,294 shares in the last quarter. Anderson Hoagland & Co. purchased a new stake in shares of Alphabet in the fourth quarter worth about $208,000. Arkfeld Wealth Strategies L.L.C. grew its stake in shares of Alphabet by 1.3% in the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 26,515 shares of the information services provider’s stock valued at $5,099,000 after buying an additional 343 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its holdings in shares of Alphabet by 3.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 90,821 shares of the information services provider’s stock valued at $17,296,000 after buying an additional 2,654 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

GOOG stock opened at $197.07 on Wednesday. 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 firm has a market capitalization of $2.41 trillion, a PE ratio of 26.14, a P/E/G ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a one year low of $131.55 and a one year high of $203.84. The firm has a 50-day moving average of $188.29 and a two-hundred day moving average of $175.13.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. During the same period last year, the company posted $1.55 earnings per share. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, analysts forecast that Alphabet Inc. will post 8.02 earnings per share for the current year.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the sale, the chief executive officer now owns 2,084,306 shares of the company’s stock, valued at $369,672,512.16. This represents a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares in the company, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,887 shares of company stock valued at $22,470,464 in the last three months. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

GOOG has been the topic of a number of analyst reports. UBS Group lifted their price objective on shares of Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Scotiabank lifted their price target on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Wells Fargo & Company upped their price objective on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Oppenheimer lifted their target price on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group raised their price objective on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.13.

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.