Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Lessened by Optimum Investment Advisors

Optimum Investment Advisors decreased its position in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,815 shares of the information services provider’s stock after selling 405 shares during the quarter. Alphabet makes up 1.2% of Optimum Investment Advisors’ investment portfolio, making the stock its 9th largest position. Optimum Investment Advisors’ holdings in Alphabet were worth $2,291,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GOOG. Vanguard Group Inc. increased its position in shares of Alphabet by 1,885.5% during the third quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock valued at $40,593,957,000 after buying an additional 400,930,216 shares during the period. BlackRock Inc. increased its position in shares of Alphabet by 1,857.3% during the third quarter. BlackRock Inc. now owns 364,589,580 shares of the information services provider’s stock valued at $35,055,286,000 after buying an additional 345,962,033 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Alphabet by 1,770.6% during the third quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock valued at $19,639,414,000 after buying an additional 192,607,045 shares during the period. State Street Corp increased its position in shares of Alphabet by 1,851.7% during the third quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock valued at $18,931,733,000 after buying an additional 186,809,281 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Alphabet by 1,862.3% during the third quarter. Alliancebernstein L.P. now owns 63,184,850 shares of the information services provider’s stock valued at $6,075,223,000 after buying an additional 59,964,963 shares during the period. Hedge funds and other institutional investors own 28.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GOOG. Sanford C. Bernstein set a $130.00 price target on shares of Alphabet in a research report on Monday, February 6th. Jefferies Financial Group set a $125.00 price objective on shares of Alphabet in a research note on Friday, February 3rd. Roth Capital reissued a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. Oppenheimer boosted their price objective on shares of Alphabet from $130.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Finally, Societe Generale dropped their price objective on shares of Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, November 30th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $137.13.

Insider Transactions at Alphabet

In other news, Director Ann Mather sold 340 shares of the stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $96.92, for a total value of $32,952.80. Following the completion of the sale, the director now directly owns 11,300 shares of the company’s stock, valued at $1,095,196. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the completion of the transaction, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 340 shares of the firm’s stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $96.92, for a total transaction of $32,952.80. Following the transaction, the director now directly owns 11,300 shares of the company’s stock, valued at $1,095,196. The disclosure for this sale can be found here. Insiders sold a total of 74,245 shares of company stock valued at $7,174,078 over the last three months. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Up 1.4 %

Shares of GOOG stock opened at $102.46 on Friday. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $144.16. The stock has a market cap of $1.31 trillion, a P/E ratio of 22.51, a P/E/G ratio of 1.30 and a beta of 1.09. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The company has a 50 day simple moving average of $95.69 and a two-hundred day simple moving average of $96.82.

Alphabet (NASDAQ:GOOG – Get Rating) last announced 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 for the quarter, compared to analysts’ expectations of $76.49 billion. During the same period in the prior year, the company posted $1.53 earnings per share. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. On average, research analysts expect that Alphabet Inc. will post 5.12 earnings per share for the current year.

Alphabet 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.