Revolve Wealth Partners LLC Sells 376 Shares of Alphabet Inc. (NASDAQ:GOOG)

Revolve Wealth Partners LLC cut its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,578 shares of the information services provider’s stock after selling 376 shares during the period. Revolve Wealth Partners LLC’s holdings in Alphabet were worth $2,014,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Charter Oak Capital Management LLC lifted its position in shares of Alphabet by 4.5% in the 4th quarter. Charter Oak Capital Management LLC now owns 6,337 shares of the information services provider’s stock worth $1,207,000 after purchasing an additional 272 shares during the period. YHB Investment Advisors Inc. lifted its holdings in Alphabet by 1.2% during the fourth quarter. YHB Investment Advisors Inc. now owns 149,019 shares of the information services provider’s stock worth $28,379,000 after buying an additional 1,823 shares during the period. Warner Financial Inc. bought a new stake in Alphabet during the 4th quarter valued at $203,000. Acorn Creek Capital LLC increased its holdings in shares of Alphabet by 1.0% in the 4th quarter. Acorn Creek Capital LLC now owns 6,551 shares of the information services provider’s stock valued at $1,248,000 after acquiring an additional 63 shares during the period. Finally, Buffington Mohr McNeal raised its position in shares of Alphabet by 1.4% in the 4th quarter. Buffington Mohr McNeal now owns 55,172 shares of the information services provider’s stock worth $10,507,000 after acquiring an additional 760 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Up 2.8 %

Shares of GOOG stock opened at $202.63 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $203.84. The stock has a 50 day moving average of $189.03 and a 200 day moving average of $175.35. The stock has a market cap of $2.48 trillion, a P/E ratio of 26.87, a P/E/G ratio of 1.27 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 EPS. As a group, sell-side analysts expect that Alphabet Inc. will post 8.02 EPS for the current year.

Wall Street Analyst Weigh In

GOOG has been the topic of several analyst reports. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Scotiabank increased their target price on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. lifted their price target on shares of Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Oppenheimer increased their price objective on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $206.69.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 441 shares of Alphabet stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the sale, the director now owns 16,490 shares in the company, valued at $2,820,779.40. This trade represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,630 shares of company stock valued at $22,258,133. Corporate insiders own 12.99% of the company’s stock.

Alphabet Company Profile

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.