ORG Partners LLC Purchases 12,155 Shares of Alphabet Inc. (NASDAQ:GOOG)

ORG Partners LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 52.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,224 shares of the information services provider’s stock after acquiring an additional 12,155 shares during the period. ORG Partners LLC’s holdings in Alphabet were worth $4,964,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tandem Wealth Advisors LLC bought a new position in shares of Alphabet during the third quarter valued at $25,000. Bruce G. Allen Investments LLC bought a new position in shares of Alphabet during the fourth quarter valued at $26,000. HWG Holdings LP bought a new position in shares of Alphabet during the second quarter valued at $26,000. Buck Wealth Strategies LLC bought a new position in shares of Alphabet during the third quarter valued at $32,000. Finally, Barometer Capital Management Inc. bought a new position in shares of Alphabet during the third quarter valued at $32,000. Institutional investors own 27.26% of the company’s stock.

Insider Activity

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $142.14, for a total transaction of $3,198,150.00. Following the completion of the transaction, the chief executive officer now owns 2,400,191 shares of the company’s stock, valued at $341,163,148.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $142.14, for a total value of $3,198,150.00. Following the completion of the transaction, the chief executive officer now owns 2,400,191 shares of the company’s stock, valued at approximately $341,163,148.74. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the transaction, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock valued at $36,033,907 over the last quarter. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $156.33 on Tuesday. The firm has a market cap of $1.94 trillion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 1.47 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. Alphabet Inc. has a 52 week low of $103.27 and a 52 week high of $161.70. The firm’s 50-day simple moving average is $146.73 and its two-hundred day simple moving average is $141.34.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $85.28 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, equities analysts forecast that Alphabet Inc. will post 6.78 earnings per share for the current year.

Analyst Ratings Changes

GOOG has been the subject of a number of analyst reports. Susquehanna lifted their target price on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Morgan Stanley reissued an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research note on Thursday, April 11th. Oppenheimer lifted their target price on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Finally, Raymond James lifted their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alphabet currently has a consensus rating of “Buy” and a consensus target price of $157.50.

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.