Revisor Wealth Management LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 163.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,905 shares of the information services provider's stock after purchasing an additional 9,239 shares during the period. Alphabet comprises 1.3% of Revisor Wealth Management LLC's portfolio, making the stock its 14th biggest position. Revisor Wealth Management LLC's holdings in Alphabet were worth $4,831,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of GOOG. Imprint Wealth LLC bought a new position in shares of Alphabet in the 3rd quarter worth $31,000. Manning & Napier Advisors LLC purchased a new stake in Alphabet during the 3rd quarter valued at about $32,000. Towne Trust Company N.A grew its stake in Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after purchasing an additional 34 shares during the last quarter. Tripletail Wealth Management LLC purchased a new stake in Alphabet during the 3rd quarter valued at about $40,000. Finally, Creative Capital Management Investments LLC grew its stake in Alphabet by 1,438.5% during the 4th quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider's stock valued at $63,000 after purchasing an additional 187 shares during the last quarter. 27.26% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several analysts have weighed in on GOOG shares. TD Cowen reiterated a "buy" rating and set a $375.00 price target (up from $365.00) on shares of Alphabet in a research note on Thursday, April 16th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Alphabet in a research note on Tuesday, January 20th. Royal Bank Of Canada reiterated an "outperform" rating and set a $375.00 price target on shares of Alphabet in a research note on Thursday, January 15th. Needham & Company LLC set a $400.00 target price on Alphabet and gave the stock a "buy" rating in a research note on Friday, March 13th. Finally, Oppenheimer restated an "outperform" rating and issued a $360.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Alphabet has a consensus rating of "Buy" and an average price target of $351.73.
Read Our Latest Stock Analysis on GOOG
Key Headlines Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
Alphabet Stock Down 0.3%
Shares of GOOG opened at $347.50 on Wednesday. Alphabet Inc. has a 52 week low of $149.49 and a 52 week high of $350.90. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $4.20 trillion, a price-to-earnings ratio of 32.15, a PEG ratio of 2.16 and a beta of 1.13. The stock's 50-day moving average price is $310.00 and its 200-day moving average price is $306.97.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.23. The firm had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The company's revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.15 earnings per share. On average, sell-side analysts predict that Alphabet Inc. will post 11.53 EPS for the current year.
Insider Activity at Alphabet
In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the transaction, the director owned 4,631 shares in the company, valued at approximately $1,405,091.71. This represents a 18.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total value of $9,877,400.00. Following the transaction, the chief executive officer owned 2,818,524 shares in the company, valued at $856,605,814.08. This represents a 1.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,037,294 shares of company stock valued at $94,216,897 in the last ninety days. 12.99% of the stock is currently owned by company insiders.
Alphabet Company Profile
(
Free Report)
Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.
Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.
Recommended Stories
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Alphabet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.
While Alphabet currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.