Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by M3 Advisory Group LLC

M3 Advisory Group LLC boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 3.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,016 shares of the information services provider’s stock after acquiring an additional 172 shares during the period. M3 Advisory Group LLC’s holdings in Alphabet were worth $955,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Harrell Investment Partners LLC boosted 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. Guerra Pan Advisors LLC boosted its stake in Alphabet by 4.8% in the 4th quarter. Guerra Pan Advisors LLC now owns 21,250 shares of the information services provider’s stock worth $4,047,000 after buying an additional 975 shares during the last quarter. Clarendon Private LLC purchased a new stake in Alphabet in the 4th quarter valued at about $2,183,000. Vista Investment Partners LLC increased its stake in shares of Alphabet by 6.4% during the 4th quarter. Vista Investment Partners LLC now owns 3,008 shares of the information services provider’s stock valued at $573,000 after acquiring an additional 180 shares during the last quarter. Finally, Crescent Grove Advisors LLC lifted its holdings in shares of Alphabet by 10.5% during the 4th quarter. Crescent Grove Advisors LLC now owns 4,162 shares of the information services provider’s stock worth $793,000 after acquiring an additional 396 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GOOG shares. Jefferies Financial Group boosted their target price on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Pivotal Research boosted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Wells Fargo & Company boosted their price target on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $205.13.

Alphabet Price Performance

GOOG opened at $197.07 on Wednesday. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $203.84. The firm has a market cap of $2.41 trillion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.27 and a beta of 0.99. 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 fifty day simple moving average of $188.29 and a 200 day simple moving average of $175.13.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating 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 company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. During the same period in the prior year, the company posted $1.55 EPS. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. Equities research analysts expect that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the sale, the chief accounting officer now directly owns 17,847 shares in the company, valued at $3,468,029.04. The trade was a 13.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frances Arnold sold 441 shares of the 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 transaction, the director now owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. This trade represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 122,887 shares of company stock worth $22,470,464. 12.99% of the stock is currently owned by corporate insiders.

About Alphabet

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.