Boyd Watterson Asset Management LLC OH Has $2.57 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Boyd Watterson Asset Management LLC OH cut its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,242 shares of the information services provider’s stock after selling 160 shares during the quarter. Alphabet accounts for 1.0% of Boyd Watterson Asset Management LLC OH’s portfolio, making the stock its 29th biggest holding. Boyd Watterson Asset Management LLC OH’s holdings in Alphabet were worth $2,571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in GOOG. Tandem Wealth Advisors LLC bought a new position in Alphabet during the third quarter worth about $25,000. Bruce G. Allen Investments LLC bought a new position in Alphabet during the fourth quarter worth about $26,000. Equitec Proprietary Markets LLC bought a new position in Alphabet during the fourth quarter worth about $28,000. Buck Wealth Strategies LLC bought a new position in Alphabet during the third quarter worth about $32,000. Finally, Barometer Capital Management Inc. bought a new position in Alphabet during the third quarter worth about $32,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 2,100 shares of Alphabet stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Alphabet news, Director John L. Hennessy sold 2,100 shares of Alphabet stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. Insiders have sold 253,439 shares of company stock worth $36,746,578 in the last three months. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Alphabet Trading Up 10.0 %

GOOG stock traded up $15.74 during midday trading on Friday, reaching $173.69. The company’s stock had a trading volume of 56,500,787 shares, compared to its average volume of 18,324,858. The business’s 50-day simple moving average is $149.12 and its 200-day simple moving average is $142.75. The stock has a market cap of $2.16 trillion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05. Alphabet Inc. has a 52 week low of $104.42 and a 52 week high of $176.42. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 30.01% and a net margin of 25.90%. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. During the same period last year, the company earned $1.17 EPS. The firm’s revenue was up 15.4% on a year-over-year basis. As a group, sell-side analysts expect that Alphabet Inc. will post 6.79 EPS for the current 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.