Hill Island Financial LLC Has $1.32 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Hill Island Financial LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOG) by 8.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,380 shares of the information services provider’s stock after acquiring an additional 696 shares during the period. Alphabet makes up 0.5% of Hill Island Financial LLC’s portfolio, making the stock its 22nd biggest position. Hill Island Financial LLC’s holdings in Alphabet were worth $1,322,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Financial Advisors Network Inc. grew its holdings in shares of Alphabet by 4.5% in 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 last quarter. Turim 21 Investimentos Ltda. grew its holdings in shares of Alphabet by 10.8% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after purchasing an additional 8 shares during the last quarter. West Michigan Advisors LLC grew its holdings in shares of Alphabet by 3.7% in the 1st quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock worth $704,000 after purchasing an additional 9 shares during the last quarter. Somerville Kurt F grew its holdings in shares of Alphabet by 10.3% in the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after purchasing an additional 11 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC grew its holdings in shares of Alphabet by 1.4% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 1,182 shares of the information services provider’s stock worth $3,301,000 after purchasing an additional 16 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOG traded up $0.50 during trading on Thursday, reaching $152.44. The company’s stock had a trading volume of 10,278,440 shares, compared to its average volume of 22,950,756. The firm has a market cap of $1.90 trillion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05. 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 firm has a 50 day moving average of $144.57 and a 200-day moving average of $139.30. Alphabet Inc. has a 12 month low of $100.29 and a 12 month high of $155.20.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. Research analysts expect that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total value of $3,347,550.00. Following the transaction, the chief executive officer now owns 2,310,191 shares of the company’s stock, valued at $343,710,216.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Alphabet news, Director Frances Arnold sold 240 shares of Alphabet stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $140.51, for a total value of $33,722.40. Following the completion of the sale, the director now owns 14,815 shares of the company’s stock, valued at approximately $2,081,655.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the completion of the sale, the chief executive officer now directly owns 2,310,191 shares of the company’s stock, valued at approximately $343,710,216.98. The disclosure for this sale can be found here. Insiders have sold 251,378 shares of company stock worth $35,461,377 in the last three months. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.