Northwest Investment Counselors LLC boosted its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,145 shares of the information services provider’s stock after acquiring an additional 70 shares during the period. Alphabet comprises about 1.0% of Northwest Investment Counselors LLC’s holdings, making the stock its 29th biggest holding. Northwest Investment Counselors LLC’s holdings in Alphabet were worth $2,869,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of GOOG. Orrstown Financial Services Inc. acquired a new stake in Alphabet during the third quarter worth about $26,000. 1 North Wealth Services LLC acquired a new stake in Alphabet during the third quarter worth about $40,000. OLD Second National Bank of Aurora increased its position in Alphabet by 50.0% during the fourth quarter. OLD Second National Bank of Aurora now owns 30 shares of the information services provider’s stock worth $40,000 after purchasing an additional 10 shares during the last quarter. Vista Private Wealth Partners. LLC acquired a new stake in Alphabet during the third quarter worth about $46,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Alphabet during the fourth quarter worth about $47,000. Institutional investors own 33.80% of the company’s stock.
In related news, major shareholder Capitalg Lp sold 12,487 shares of Alphabet stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $63.94, for a total value of $798,418.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 25 shares of Alphabet stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $1,265.00, for a total transaction of $31,625.00. Following the completion of the transaction, the director now owns 1,823 shares of the company’s stock, valued at approximately $2,306,095. The disclosure for this sale can be found here. Insiders sold 3,687,187 shares of company stock valued at $337,436,197 in the last quarter. 12.99% of the stock is owned by insiders.
Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.57 by ($2.45). Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The firm had revenue of $40.50 billion during the quarter, compared to analysts’ expectations of $40.17 billion. During the same quarter in the prior year, the firm earned $13.06 EPS. The firm’s revenue was up 20.0% compared to the same quarter last year. Analysts anticipate that Alphabet Inc will post 49.03 EPS for the current fiscal year.
Several research firms recently issued reports on GOOG. Stifel Nicolaus upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. William Blair reaffirmed an “outperform” rating on shares of Alphabet in a research note on Tuesday, October 29th. Barclays reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, October 29th. Cleveland Research reaffirmed a “neutral” rating on shares of Alphabet in a research note on Friday, December 20th. Finally, BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $1,527.47.
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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