Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,536 shares of the information services provider’s stock after acquiring an additional 1,416 shares during the period. Alphabet makes up 0.8% of Moss Adams Wealth Advisors LLC’s investment portfolio, making the stock its 15th largest position. Moss Adams Wealth Advisors LLC’s holdings in Alphabet were worth $3,599,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Tandem Wealth Advisors LLC acquired a new stake in shares of Alphabet in the third quarter worth $25,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Alphabet in the fourth quarter worth $26,000. Equitec Proprietary Markets LLC acquired a new stake in shares of Alphabet in the fourth quarter worth $28,000. Buck Wealth Strategies LLC acquired a new stake in shares of Alphabet in the third quarter worth $32,000. Finally, Barometer Capital Management Inc. acquired a new stake in shares of Alphabet in the third quarter worth $32,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total value of $3,753,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,280,511 shares in the company, valued at $380,389,234.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Alphabet news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the sale, the chief financial officer now owns 1,777,106 shares in the company, valued at $243,854,485.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the completion of the sale, the chief executive officer now owns 2,280,511 shares in the company, valued at approximately $380,389,234.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 275,129 shares of company stock worth $40,382,765. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Up 1.9 %

Alphabet stock traded up $3.15 during midday trading on Tuesday, hitting $172.98. The stock had a trading volume of 21,087,028 shares, compared to its average volume of 22,735,842. The business has a fifty day moving average price of $152.74 and a 200 day moving average price of $144.21. Alphabet Inc. has a 12 month low of $105.79 and a 12 month high of $176.42. The stock has a market cap of $2.14 trillion, a P/E ratio of 26.53, a P/E/G ratio of 1.26 and a beta of 1.02. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. The business 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%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.17 EPS. Research analysts predict that Alphabet Inc. will post 7.66 EPS for the current year.

Alphabet Dividend Announcement

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

Analysts Set New Price Targets

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

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