Weaver Consulting Group Has $651,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Weaver Consulting Group decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,374 shares of the information services provider’s stock after selling 221 shares during the period. Weaver Consulting Group’s holdings in Alphabet were worth $651,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Independence Bank of Kentucky increased its position in shares of Alphabet by 7.7% in the 4th quarter. Independence Bank of Kentucky now owns 50,740 shares of the information services provider’s stock valued at $4,477,000 after buying an additional 3,635 shares in the last quarter. CGN Advisors LLC increased its position in shares of Alphabet by 63.2% in the 4th quarter. CGN Advisors LLC now owns 37,428 shares of the information services provider’s stock valued at $3,302,000 after buying an additional 14,498 shares in the last quarter. New England Research & Management Inc. increased its position in shares of Alphabet by 4.0% in the 4th quarter. New England Research & Management Inc. now owns 30,235 shares of the information services provider’s stock valued at $2,668,000 after buying an additional 1,150 shares in the last quarter. Addison Capital Co increased its position in shares of Alphabet by 1.5% in the 4th quarter. Addison Capital Co now owns 54,540 shares of the information services provider’s stock valued at $4,812,000 after buying an additional 800 shares in the last quarter. Finally, Yousif Capital Management LLC increased its position in shares of Alphabet by 2.6% in the 4th quarter. Yousif Capital Management LLC now owns 868,626 shares of the information services provider’s stock valued at $76,639,000 after buying an additional 21,955 shares in the last quarter. Institutional investors own 34.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GOOGL shares. Needham & Company LLC restated a “buy” rating and issued a $115.00 price objective on shares of Alphabet in a research report on Wednesday, March 8th. New Street Research started coverage on shares of Alphabet in a research report on Wednesday, January 4th. They issued a “buy” rating and a $118.00 price objective for the company. Loop Capital upped their price objective on shares of Alphabet from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, February 8th. Barclays increased their target price on Alphabet from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Finally, Mizuho lowered their target price on Alphabet from $140.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, November 30th. Four investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $132.44.

Alphabet Stock Up 1.3 %

Alphabet stock opened at $101.62 on Friday. The stock has a market cap of $1.30 trillion, a P/E ratio of 22.33, a P/E/G ratio of 1.33 and a beta of 1.09. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $143.79. The company’s 50-day moving average price is $95.08 and its two-hundred day moving average price is $96.18.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.09). The company had revenue of $76.05 billion during the quarter, compared to the consensus estimate of $63.15 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. During the same period in the prior year, the company earned $1.53 earnings per share. As a group, analysts expect that Alphabet Inc. will post 5.12 EPS for the current year.

Insider Buying and Selling at Alphabet

In other news, Director Kavitark Ram Shriram sold 37,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the transaction, the director now directly owns 144,740 shares of the company’s stock, valued at $14,474,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Kavitark Ram Shriram sold 37,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the transaction, the director now directly owns 144,740 shares of the company’s stock, valued at $14,474,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total transaction of $77,933.25. Following the transaction, the chief accounting officer now directly owns 25,122 shares in the company, valued at $2,289,870.30. The disclosure for this sale can be found here. Insiders have sold a total of 74,245 shares of company stock valued at $7,174,078 in the last three months. 11.44% of the stock is currently owned by company insiders.

About Alphabet

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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.