Armstrong Henry H Associates Inc. Acquires 495 Shares of Alphabet Inc. (NASDAQ:GOOG)

Armstrong Henry H Associates Inc. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,115 shares of the information services provider’s stock after acquiring an additional 495 shares during the quarter. Alphabet accounts for about 1.1% of Armstrong Henry H Associates Inc.’s portfolio, making the stock its 12th largest position. Armstrong Henry H Associates Inc.’s holdings in Alphabet were worth $9,061,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GOOG. Financial Advisors Network Inc. lifted its stake in shares of Alphabet by 4.5% during the 1st quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock worth $450,000 after purchasing an additional 7 shares during the last quarter. Turim 21 Investimentos Ltda. lifted its stake in shares of Alphabet by 10.8% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after purchasing an additional 8 shares during the last quarter. West Michigan Advisors LLC lifted its stake in shares of Alphabet by 3.7% during the 1st quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock worth $704,000 after purchasing an additional 9 shares during the last quarter. Somerville Kurt F lifted its stake in shares of Alphabet by 10.3% during the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after purchasing an additional 11 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC lifted its stake in shares of Alphabet by 1.4% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 1,182 shares of the information services provider’s stock worth $3,301,000 after purchasing an additional 16 shares during the last quarter. 28.69% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 37,500 shares of Alphabet stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $100.00, for a total value of $3,750,000.00. Following the sale, the director now owns 144,740 shares in the company, valued at $14,474,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Alphabet news, insider John Kent Walker sold 11,313 shares of Alphabet stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $100.00, for a total value of $1,131,300.00. Following the sale, the insider now owns 41,970 shares in the company, valued at $4,197,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 37,500 shares of Alphabet stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $100.00, for a total value of $3,750,000.00. Following the completion of the sale, the director now owns 144,740 shares in the company, valued at approximately $14,474,000. The disclosure for this sale can be found here. Insiders have sold 74,245 shares of company stock worth $7,174,078 over the last quarter. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Shares of Alphabet stock opened at $102.46 on Friday. Alphabet Inc. has a one year low of $83.45 and a one year high of $144.16. The company has a market cap of $1.31 trillion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.33 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38. The business’s 50 day moving average price is $95.69 and its 200 day moving average price is $96.73.

Alphabet (NASDAQ:GOOG – Get Rating) last posted its earnings results on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The business had revenue of $76.05 billion during the quarter, compared to analysts’ expectations of $76.49 billion. During the same quarter in the prior year, the firm earned $1.53 EPS. Alphabet’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, research analysts predict that Alphabet Inc. will post 5.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Piper Sandler decreased their price objective on Alphabet from $122.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, February 3rd. Bank of America increased their price target on Alphabet from $116.00 to $119.00 and gave the company a “buy” rating in a research note on Tuesday, January 31st. Roth Capital reiterated a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. Credit Suisse Group set a $136.00 price target on Alphabet in a research note on Friday, February 3rd. Finally, UBS Group set a $120.00 price objective on Alphabet in a research note on Monday, February 6th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $135.11.

Alphabet Company Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.