Patrick M Sweeney & Associates Inc. Purchases Shares of 14,455 Alphabet Inc. (NASDAQ:GOOG)

Patrick M Sweeney & Associates Inc. bought a new stake in Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,455 shares of the information services provider’s stock, valued at approximately $2,037,000. Alphabet comprises 1.9% of Patrick M Sweeney & Associates Inc.’s investment portfolio, making the stock its 9th biggest position.

A number of other large investors also recently made changes to their positions in the company. Tandem Wealth Advisors LLC acquired a new stake in shares of Alphabet in the third quarter valued at approximately $25,000. Bruce G. Allen Investments LLC acquired a new position in Alphabet in the 4th quarter valued at $26,000. Equitec Proprietary Markets LLC bought a new stake in shares of Alphabet during the 4th quarter valued at $28,000. Buck Wealth Strategies LLC bought a new position in shares of Alphabet in the third quarter worth $32,000. Finally, Barometer Capital Management Inc. acquired a new position in Alphabet in the third quarter valued at about $32,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Up 1.9 %

GOOG stock traded up $3.15 during mid-day trading on Tuesday, reaching $172.98. The company’s stock had a trading volume of 21,087,028 shares, compared to its average volume of 22,735,842. The company has a market cap of $2.14 trillion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02. Alphabet Inc. has a 12 month low of $105.79 and a 12 month high of $176.42. The business’s 50 day moving average price is $152.74 and its 200 day moving average price is $144.21. 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 earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS 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 analyst estimates of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm’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 research analysts predict that Alphabet Inc. will post 7.66 EPS for the current year.

Alphabet Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now owns 28,602 shares in the company, valued at $3,903,886.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $136.49, for a total transaction of $93,086.18. Following the completion of the sale, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00. Following the sale, the chief executive officer now owns 2,377,691 shares in the company, valued at $347,832,416.39. 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. Corporate insiders own 12.99% of the company’s stock.

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.