Asset Dedication LLC Acquires 102 Shares of Alphabet Inc. (NASDAQ:GOOG)

Asset Dedication LLC increased its position in Alphabet Inc. (NASDAQ:GOOG) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,822 shares of the information services provider’s stock after buying an additional 102 shares during the period. Asset Dedication LLC’s holdings in Alphabet were worth $5,489,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Verus Wealth Management LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at about $254,000. Gateway Wealth Partners LLC grew its stake in shares of Alphabet by 16.3% in the 4th quarter. Gateway Wealth Partners LLC now owns 3,747 shares of the information services provider’s stock valued at $714,000 after buying an additional 525 shares during the period. Capital Investment Counsel LLC grew its stake in shares of Alphabet by 73.5% in the 4th quarter. Capital Investment Counsel LLC now owns 7,068 shares of the information services provider’s stock valued at $1,346,000 after buying an additional 2,995 shares during the period. BetterWealth LLC grew its stake in shares of Alphabet by 0.7% in the 4th quarter. BetterWealth LLC now owns 18,321 shares of the information services provider’s stock valued at $3,489,000 after buying an additional 136 shares during the period. Finally, Orca Wealth Management LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at about $1,872,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Up 1.5 %

NASDAQ:GOOG opened at $205.60 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. The stock has a market capitalization of $2.52 trillion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99. The firm’s 50 day moving average is $189.70 and its 200 day moving average is $175.54. Alphabet Inc. has a 12 month low of $131.55 and a 12 month high of $207.08.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion for 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%. Alphabet’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 EPS. Sell-side analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current year.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total transaction of $550,702.88. Following the sale, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at $3,468,029.04. The trade was a 13.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the sale, the chief executive officer now directly owns 2,084,306 shares in the company, valued at $369,672,512.16. The trade was a 1.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,630 shares of company stock valued at $22,258,133. 12.99% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Pivotal Research lifted their price target on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and set a $220.00 price target on shares of Alphabet in a research note on Thursday. Canaccord Genuity Group lifted their price target on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price target on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.13.

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.