Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by First Pacific Financial

First Pacific Financial boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,301 shares of the information services provider’s stock after buying an additional 659 shares during the quarter. First Pacific Financial’s holdings in Alphabet were worth $1,170,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Financial Advisors Network Inc. grew its stake in shares of Alphabet by 4.5% during the 1st quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock worth $450,000 after purchasing an additional 7 shares during the period. Turim 21 Investimentos Ltda. increased its holdings in Alphabet by 10.8% in the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after buying an additional 8 shares in the last quarter. West Michigan Advisors LLC raised its position in shares of Alphabet by 3.7% in the first quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock worth $704,000 after acquiring an additional 9 shares during the period. Somerville Kurt F boosted its stake in shares of Alphabet by 10.3% during the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after acquiring an additional 11 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC grew its position in shares of Alphabet by 1.4% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 1,182 shares of the information services provider’s stock valued at $3,301,000 after acquiring an additional 16 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Up 0.2 %

NASDAQ GOOG opened at $151.94 on Thursday. The business has a fifty day moving average price of $144.57 and a 200 day moving average price of $139.30. 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 company has a market cap of $1.89 trillion, a P/E ratio of 26.20, a P/E/G ratio of 1.40 and a beta of 1.05. Alphabet Inc. has a one year low of $100.28 and a one year high of $155.20.

Alphabet (NASDAQ:GOOG) last posted its quarterly 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 net margin of 24.01% and a return on equity of 27.22%. The firm 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 business posted $1.05 earnings per share. Alphabet’s quarterly revenue was up 13.5% on a year-over-year basis. Research analysts anticipate that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of recent analyst reports. Raymond James boosted their price objective on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Susquehanna upped their price objective on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Alphabet has an average rating of “Buy” and an average price target of $146.33.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 425 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $139.61, for a total transaction of $59,334.25. Following the completion of the sale, the chief accounting officer now owns 27,259 shares in the company, valued at approximately $3,805,628.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Amie Thuener O’toole sold 425 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total transaction of $59,334.25. Following the completion of the sale, the chief accounting officer now directly owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Arnold sold 230 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares in the company, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 251,378 shares of company stock worth $35,461,377. 12.99% of the stock is owned by corporate insiders.

About Alphabet

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.