Signet Financial Management LLC Has $8.37 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Signet Financial Management LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 59,380 shares of the information services provider’s stock after selling 440 shares during the quarter. Alphabet comprises 1.3% of Signet Financial Management LLC’s holdings, making the stock its 11th biggest position. Signet Financial Management LLC’s holdings in Alphabet were worth $8,368,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GOOG. DC Investments Management LLC acquired a new position in shares of Alphabet during the first quarter worth about $115,000. Guardian Wealth Management Inc. acquired a new position in Alphabet during the 1st quarter worth approximately $184,000. Turim 21 Investimentos Ltda. grew 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 acquiring an additional 8 shares in the last quarter. qPULA Trading Management LP acquired a new stake in shares of Alphabet in the first quarter valued at approximately $279,000. Finally, Dynamic Technology Lab Private Ltd lifted its position in shares of Alphabet by 29.2% in the first quarter. Dynamic Technology Lab Private Ltd now owns 115 shares of the information services provider’s stock worth $321,000 after purchasing an additional 26 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Trading Up 0.4 %

Alphabet stock opened at $157.46 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a 50-day simple moving average of $147.35 and a 200 day simple moving average of $141.72. The stock has a market capitalization of $1.96 trillion, a P/E ratio of 27.15, a PEG ratio of 1.45 and a beta of 1.05. Alphabet Inc. has a 52 week low of $103.27 and a 52 week high of $161.70.

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

Analyst Ratings Changes

Several brokerages have issued reports on GOOG. Susquehanna lifted their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Raymond James increased their price target on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Stifel Nicolaus boosted their price target on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Oppenheimer increased their price objective on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $159.86.

Insider Buying and Selling at Alphabet

In related news, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Prabhakar Raghavan sold 3,258 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the transaction, the senior vice president now owns 144,685 shares in the company, valued at $22,566,519.45. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock worth $36,377,482 over the last ninety days. Insiders own 12.99% of the company’s stock.

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.