Daymark Wealth Partners LLC Raises Holdings in Alphabet Inc. (NASDAQ:GOOG)

Daymark Wealth Partners LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGFree Report) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 100,121 shares of the information services provider’s stock after acquiring an additional 3,224 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Alphabet were worth $14,110,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Tolleson Wealth Management Inc. acquired a new stake in Alphabet in the second quarter valued at approximately $411,000. Westshore Wealth LLC boosted its stake in Alphabet by 31.2% during the 2nd quarter. Westshore Wealth LLC now owns 15,700 shares of the information services provider’s stock worth $1,887,000 after purchasing an additional 3,730 shares during the last quarter. Washington Trust Bank boosted its stake in Alphabet by 33.0% during the 3rd quarter. Washington Trust Bank now owns 7,359 shares of the information services provider’s stock worth $970,000 after purchasing an additional 1,826 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. boosted its stake in Alphabet by 20.0% during the 2nd quarter. Woodley Farra Manion Portfolio Management Inc. now owns 5,986 shares of the information services provider’s stock worth $724,000 after purchasing an additional 996 shares during the last quarter. Finally, CNB Bank boosted its stake in Alphabet by 6.6% during the 3rd quarter. CNB Bank now owns 27,723 shares of the information services provider’s stock worth $3,655,000 after purchasing an additional 1,710 shares during the last quarter. Hedge funds and other institutional investors own 27.13% of the company’s stock.

Alphabet Trading Down 1.5 %

Shares of GOOG stock opened at $142.17 on Friday. The company’s 50-day moving average price is $143.64 and its 200-day moving average price is $138.63. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.77 trillion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.30 and a beta of 1.05. Alphabet Inc. has a twelve month low of $95.87 and a twelve month high of $155.20.

Alphabet (NASDAQ:GOOGGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS. As a group, equities analysts predict that Alphabet Inc. will post 6.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GOOG. 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. 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 research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $146.33.

Get Our Latest Report on GOOG

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $143.49, for a total value of $28,698.00. Following the sale, the director now directly owns 6,784 shares in the company, valued at approximately $973,436.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $143.49, for a total value of $28,698.00. Following the sale, the director now directly owns 6,784 shares in the company, valued at approximately $973,436.16. 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 the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $141.43, for a total transaction of $3,182,175.00. Following the sale, the chief executive officer now owns 2,407,688 shares in the company, valued at $340,519,313.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 279,159 shares of company stock worth $39,220,185. Company insiders own 12.99% of the company’s stock.

About Alphabet

(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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