Schwarz Dygos Wheeler Investment Advisors LLC Boosts Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Schwarz Dygos Wheeler Investment Advisors LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,741 shares of the information services provider’s stock after acquiring an additional 1,612 shares during the period. Alphabet makes up 1.4% of Schwarz Dygos Wheeler Investment Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Alphabet were worth $4,473,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Investment Partners LTD. lifted its holdings in shares of Alphabet by 5.8% in the 4th quarter. Investment Partners LTD. now owns 7,446 shares of the information services provider’s stock valued at $1,049,000 after buying an additional 410 shares during the period. Valmark Advisers Inc. lifted its holdings in shares of Alphabet by 2.6% in the 4th quarter. Valmark Advisers Inc. now owns 34,479 shares of the information services provider’s stock valued at $4,859,000 after buying an additional 889 shares during the period. Addison Advisors LLC increased its stake in Alphabet by 2.1% in the 4th quarter. Addison Advisors LLC now owns 5,174 shares of the information services provider’s stock valued at $729,000 after purchasing an additional 107 shares in the last quarter. Gilliland Jeter Wealth Management LLC purchased a new position in Alphabet in the 4th quarter valued at approximately $2,866,000. Finally, Headlands Technologies LLC increased its stake in Alphabet by 60.5% in the 4th quarter. Headlands Technologies LLC now owns 47,941 shares of the information services provider’s stock valued at $6,756,000 after purchasing an additional 18,063 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ruth Porat sold 48,077 shares of Alphabet stock in a transaction 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 completion of the transaction, the chief financial officer now owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The disclosure for this sale can be found here. Insiders have sold 253,439 shares of company stock worth $36,746,578 over the last quarter. 12.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Oppenheimer raised their price objective on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Raymond James raised their price objective on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Morgan Stanley reaffirmed 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 price objective on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Susquehanna raised their price target on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $165.67.

Alphabet Price Performance

Alphabet stock traded up $15.74 during mid-day trading on Friday, hitting $173.69. 56,500,787 shares of the company were exchanged, compared to its average volume of 18,324,858. 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 business’s 50 day simple moving average is $149.12 and its two-hundred day simple moving average is $142.77. The company has a market capitalization of $2.16 trillion, a P/E ratio of 26.64, a PEG ratio of 1.60 and a beta of 1.05. Alphabet Inc. has a 12-month low of $104.42 and a 12-month high of $176.42.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share 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 company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. During the same quarter last year, the business posted $1.17 earnings per share. Alphabet’s revenue was up 15.4% compared to the same quarter last year. Analysts forecast that Alphabet Inc. will post 6.8 earnings per share 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.