Prudent Man Advisors LLC Has $1.83 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Prudent Man Advisors LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,106 shares of the information services provider’s stock after selling 249 shares during the period. Alphabet accounts for 0.7% of Prudent Man Advisors LLC’s holdings, making the stock its 22nd largest holding. Prudent Man Advisors LLC’s holdings in Alphabet were worth $1,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Totem Point Management LLC raised its stake in Alphabet by 22.0% during the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock worth $8,857,000 after buying an additional 571 shares during the last quarter. Somerville Kurt F raised its holdings in shares of Alphabet by 10.3% during the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after purchasing an additional 11 shares during the period. BCK Partners Inc. bought a new stake in Alphabet in the 1st quarter valued at about $2,564,000. Hall Capital Management Co. Inc. boosted its holdings in Alphabet by 53.2% in the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock worth $402,000 after acquiring an additional 50 shares in the last quarter. Finally, Fairfield Bush & CO. increased its holdings in shares of Alphabet by 6.8% during the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after acquiring an additional 214 shares in the last quarter. 27.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ann Mather sold 220 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $130.14, for a total transaction of $28,630.80. Following the completion of the sale, the director now directly owns 4,818 shares in the company, valued at approximately $627,014.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Ann Mather sold 220 shares of Alphabet stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $130.14, for a total value of $28,630.80. Following the sale, the director now directly owns 4,818 shares in the company, valued at approximately $627,014.52. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $139.93, for a total value of $27,986.00. Following the transaction, the director now owns 7,384 shares of the company’s stock, valued at approximately $1,033,243.12. The disclosure for this sale can be found here. Insiders have sold 176,576 shares of company stock valued at $23,425,367 in the last ninety days. Company insiders own 12.99% of the company’s stock.

Alphabet Price Performance

NASDAQ:GOOG traded up $0.02 during midday trading on Monday, hitting $136.96. The company had a trading volume of 4,148,608 shares, compared to its average volume of 25,843,477. The company has a market capitalization of $1.71 trillion, a PE ratio of 26.07, a P/E/G ratio of 1.53 and a beta of 1.05. The company has a quick ratio of 2.01, a current ratio of 2.04 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52-week low of $85.57 and a 52-week high of $142.38. The stock’s fifty day moving average price is $134.60 and its 200-day moving average price is $128.47.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, October 24th. The information services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. The firm had revenue of $64.05 billion during the quarter, compared to analyst estimates of $63.13 billion. As a group, research analysts expect that Alphabet Inc. will post 5.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GOOG shares. Oppenheimer restated an “outperform” rating and set a $160.00 price target on shares of Alphabet in a research note on Wednesday, October 25th. Wedbush began coverage on shares of Alphabet in a research report on Monday, August 21st. They set an “outperform” rating for the company. Robert W. Baird increased their target price on shares of Alphabet from $123.00 to $140.00 in a research report on Wednesday, July 26th. Finally, Susquehanna lifted their price target on Alphabet from $120.00 to $150.00 in a research report on Wednesday, July 26th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and a consensus target price of $130.69.

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.