Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Meridian Wealth Partners LLC

Meridian Wealth Partners LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 3.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,824 shares of the information services provider’s stock after acquiring an additional 134 shares during the quarter. Meridian Wealth Partners LLC’s holdings in Alphabet were worth $539,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. FMR LLC lifted its holdings in Alphabet by 3.8% during the third quarter. FMR LLC now owns 120,234,117 shares of the information services provider’s stock valued at $15,852,868,000 after purchasing an additional 4,348,188 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Alphabet by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock worth $12,649,838,000 after buying an additional 9,703,425 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Alphabet by 2.3% during the third quarter. Northern Trust Corp now owns 57,269,184 shares of the information services provider’s stock valued at $7,550,942,000 after acquiring an additional 1,275,060 shares during the last quarter. Sanders Capital LLC increased its position in shares of Alphabet by 0.3% during the third quarter. Sanders Capital LLC now owns 27,744,572 shares of the information services provider’s stock worth $3,658,122,000 after purchasing an additional 92,741 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Alphabet by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 19,822,203 shares of the information services provider’s stock valued at $2,613,557,000 after purchasing an additional 390,118 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Down 3.3 %

Shares of NASDAQ GOOG opened at $167.90 on Tuesday. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2.09 trillion, a PE ratio of 25.75, a PEG ratio of 1.59 and a beta of 1.05. Alphabet Inc. has a twelve month low of $104.50 and a twelve month high of $176.42. The stock has a fifty day simple moving average of $149.64 and a 200-day simple moving average of $142.97.

Alphabet (NASDAQ:GOOGGet Free Report) last released its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.38. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. Alphabet’s revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 EPS. On average, equities analysts forecast that Alphabet Inc. will post 6.8 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 10th.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GOOG shares. Oppenheimer increased their target price on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Stifel Nicolaus lifted their price objective on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Susquehanna upped their price objective on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Morgan Stanley reissued an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research note on Thursday, April 11th. Finally, Raymond James increased their price target on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alphabet presently has a consensus rating of “Buy” and a consensus target price of $165.67.

Get Our Latest Research Report on GOOG

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 48,076 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $142.20, for a total transaction of $6,836,407.20. Following the completion of the transaction, the insider now owns 12,725 shares in the company, valued at $1,809,495. The disclosure for this sale can be found here. In the last quarter, insiders sold 253,209 shares of company stock worth $36,711,144. 12.99% of the stock is currently owned by company insiders.

Alphabet Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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