SeaCrest Wealth Management LLC Has $17.53 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

SeaCrest Wealth Management LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGFree Report) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 127,588 shares of the information services provider’s stock after selling 963 shares during the period. Alphabet accounts for approximately 2.2% of SeaCrest Wealth Management LLC’s investment portfolio, making the stock its 5th biggest holding. SeaCrest Wealth Management LLC’s holdings in Alphabet were worth $17,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Francis Financial Inc. lifted its position in Alphabet by 90.8% during the fourth quarter. Francis Financial Inc. now owns 4,203 shares of the information services provider’s stock valued at $592,000 after purchasing an additional 2,000 shares during the last quarter. Ballast Inc. lifted its position in Alphabet by 5.2% during the fourth quarter. Ballast Inc. now owns 4,080 shares of the information services provider’s stock valued at $575,000 after purchasing an additional 200 shares during the last quarter. Lincoln Capital Corp lifted its position in Alphabet by 4.9% during the fourth quarter. Lincoln Capital Corp now owns 2,282 shares of the information services provider’s stock valued at $322,000 after purchasing an additional 106 shares during the last quarter. Trueblood Wealth Management LLC bought a new position in Alphabet during the fourth quarter valued at $661,000. Finally, FLC Capital Advisors lifted its position in Alphabet by 1.8% during the fourth quarter. FLC Capital Advisors now owns 23,383 shares of the information services provider’s stock valued at $3,295,000 after purchasing an additional 405 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Up 0.2 %

Shares of GOOG opened at $152.26 on Friday. Alphabet Inc. has a 1-year low of $100.29 and a 1-year high of $155.20. The company has a 50-day moving average of $144.89 and a 200 day moving average of $139.48. The firm has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.40 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOGGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 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 business had revenue of $86.31 billion during the quarter, compared to analyst estimates of $85.28 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, research analysts expect that Alphabet Inc. will post 6.77 EPS for the current year.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $140.11, for a total value of $3,152,475.00. Following the completion of the sale, the chief executive officer now owns 2,422,691 shares in the company, valued at approximately $339,443,236.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Amie Thuener O’toole sold 425 shares of Alphabet stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $139.61, for a total value of $59,334.25. Following the transaction, the chief accounting officer now owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $140.11, for a total transaction of $3,152,475.00. Following the completion of the transaction, the chief executive officer now directly owns 2,422,691 shares in the company, valued at approximately $339,443,236.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 263,312 shares of company stock worth $37,268,315. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GOOG has been the subject of several research reports. Raymond James increased their price objective on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Susquehanna increased their target price 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. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $146.33.

View Our Latest Report on Alphabet

Alphabet Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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