SC&H Financial Advisors Inc. Reduces Holdings in Alphabet Inc. (NASDAQ:GOOG)

SC&H Financial Advisors Inc. lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,869 shares of the information services provider’s stock after selling 360 shares during the quarter. SC&H Financial Advisors Inc.’s holdings in Alphabet were worth $968,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Caliber Wealth Management LLC boosted its stake in Alphabet by 2.6% during the third quarter. Caliber Wealth Management LLC now owns 22,036 shares of the information services provider’s stock worth $2,905,000 after buying an additional 551 shares during the period. Legacy Capital Wealth Partners LLC acquired a new position in shares of Alphabet in the 3rd quarter worth approximately $508,000. Investment Advisory Group LLC boosted its position in shares of Alphabet by 1.1% during the 3rd quarter. Investment Advisory Group LLC now owns 7,578 shares of the information services provider’s stock worth $999,000 after purchasing an additional 82 shares during the period. Palumbo Wealth Management LLC increased its holdings in Alphabet by 47.7% in the 3rd quarter. Palumbo Wealth Management LLC now owns 8,107 shares of the information services provider’s stock valued at $1,069,000 after purchasing an additional 2,617 shares during the last quarter. Finally, Rothschild Investment LLC IL raised its position in Alphabet by 0.8% in the third quarter. Rothschild Investment LLC IL now owns 126,512 shares of the information services provider’s stock valued at $16,681,000 after purchasing an additional 1,065 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the transaction, the chief executive officer now directly owns 2,303,011 shares in the company, valued at $362,516,961.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frances Arnold sold 230 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the sale, the director now owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 251,339 shares of company stock valued at $36,377,482. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GOOG shares. Stifel Nicolaus raised their price target on 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 target price on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Susquehanna increased their price target on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Finally, Raymond James lifted their price objective on shares of Alphabet from $150.00 to $160.00 and gave the company 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, Alphabet presently has a consensus rating of “Buy” and a consensus target price of $159.86.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $161.10 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The company has a market cap of $2.00 trillion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05. The stock’s 50-day moving average is $148.20 and its two-hundred day moving average is $142.40. Alphabet Inc. has a 1-year low of $103.27 and a 1-year high of $161.70.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. Analysts forecast that Alphabet Inc. will post 6.79 EPS for the current fiscal year.

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.