Alphabet Inc. (NASDAQ:GOOG) Position Increased by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC grew its position in Alphabet Inc. (NASDAQ:GOOG) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,204 shares of the information services provider’s stock after acquiring an additional 1,776 shares during the period. Alphabet comprises 2.5% of Hamilton Point Investment Advisors LLC’s portfolio, making the stock its 5th largest holding. Hamilton Point Investment Advisors LLC’s holdings in Alphabet were worth $12,713,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tandem Wealth Advisors LLC purchased a new stake in Alphabet during the third quarter worth about $25,000. Bruce G. Allen Investments LLC purchased a new stake in Alphabet during the fourth quarter worth about $26,000. HWG Holdings LP purchased a new stake in Alphabet during the second quarter worth about $26,000. Equitec Proprietary Markets LLC purchased a new stake in Alphabet during the fourth quarter worth about $28,000. Finally, Buck Wealth Strategies LLC purchased a new stake in Alphabet during the third quarter worth about $32,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on GOOG shares. Oppenheimer boosted their price objective on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Raymond James upped their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Susquehanna upped their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a report on Thursday, April 11th. Finally, Stifel Nicolaus upped their price target on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alphabet has an average rating of “Buy” and a consensus target price of $159.86.

Alphabet Price Performance

GOOG stock opened at $156.88 on Thursday. The stock has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52-week low of $103.27 and a 52-week high of $161.70. The stock’s fifty day simple moving average is $147.15 and its 200-day simple moving average is $141.61.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $85.28 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities research analysts expect that Alphabet Inc. will post 6.78 EPS for the current year.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 800 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the transaction, the director now directly owns 7,991 shares in the company, valued at $1,275,043.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now directly owns 27,920 shares in the company, valued at approximately $4,009,032.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the transaction, the director now owns 7,991 shares in the company, valued at $1,275,043.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 251,339 shares of company stock worth $36,377,482. 12.99% of the stock is owned by company insiders.

Alphabet 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.