MBM Wealth Consultants LLC Has $1.39 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

MBM Wealth Consultants LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,945 shares of the information services provider’s stock after purchasing an additional 133 shares during the quarter. Alphabet comprises 0.5% of MBM Wealth Consultants LLC’s holdings, making the stock its 23rd biggest position. MBM Wealth Consultants LLC’s holdings in Alphabet were worth $1,385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. DC Investments Management LLC acquired a new position in Alphabet during the 1st quarter worth approximately $115,000. Guardian Wealth Management Inc. acquired a new position in Alphabet during the 1st quarter worth approximately $184,000. Turim 21 Investimentos Ltda. boosted its position in Alphabet by 10.8% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after acquiring an additional 8 shares during the last quarter. qPULA Trading Management LP acquired a new position in Alphabet during the 1st quarter worth approximately $279,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in Alphabet by 29.2% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 115 shares of the information services provider’s stock worth $321,000 after acquiring an additional 26 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Down 0.2 %

GOOG opened at $156.00 on Wednesday. Alphabet Inc. has a 1-year low of $103.27 and a 1-year high of $161.70. The stock’s fifty day simple moving average is $146.95 and its 200 day simple moving average is $141.51. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.94 trillion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GOOG. Stifel Nicolaus increased their price objective on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday. Raymond James increased their price objective on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Susquehanna increased 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 issued a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Finally, Oppenheimer increased their price objective on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $159.86.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the 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 approximately $347,832,416.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the transaction, the chief executive officer now owns 2,377,691 shares in the company, valued at approximately $347,832,416.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the transaction, the senior vice president now owns 144,685 shares in the company, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 228,839 shares of company stock worth $32,835,757. Company insiders own 12.99% of the company’s stock.

Alphabet Company 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.