Gitterman Wealth Management LLC Has $806,000 Stake in Alphabet Inc. (NASDAQ:GOOG)

Gitterman Wealth Management LLC decreased its stake in Alphabet Inc. (NASDAQ:GOOG) by 29.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,720 shares of the information services provider’s stock after selling 2,360 shares during the quarter. Alphabet makes up about 0.4% of Gitterman Wealth Management LLC’s investment portfolio, making the stock its 16th largest position. Gitterman Wealth Management LLC’s holdings in Alphabet were worth $806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of GOOG. Tandem Wealth Advisors LLC bought a new position in Alphabet in the 3rd quarter valued at $25,000. Bruce G. Allen Investments LLC bought a new position in Alphabet in the 4th quarter valued at $26,000. Equitec Proprietary Markets LLC bought a new position in Alphabet in the 4th quarter valued at $28,000. Buck Wealth Strategies LLC bought a new stake in shares of Alphabet during the third quarter worth $32,000. Finally, Barometer Capital Management Inc. bought a new stake in shares of Alphabet during the third quarter worth $32,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Performance

GOOG opened at $171.50 on Monday. Alphabet Inc. has a 52-week low of $104.50 and a 52-week high of $176.42. The firm has a market capitalization of $2.13 trillion, a PE ratio of 26.64, a PEG ratio of 1.59 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.15. The business’s 50-day simple moving average is $149.12 and its 200 day simple moving average is $142.78.

Alphabet (NASDAQ:GOOG) last released its 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 29.52% 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 quarter in the prior year, the company posted $1.17 earnings per share. Alphabet’s revenue was up 15.4% on a year-over-year basis. As a group, sell-side analysts expect that Alphabet Inc. will post 6.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

GOOG has been the subject of a number of recent research reports. Susquehanna boosted their target price on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Oppenheimer upped 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. Stifel Nicolaus boosted their target price on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Raymond James boosted their target price on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Alphabet presently has a consensus rating of “Buy” and a consensus target price of $165.67.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the sale, the director now owns 5,891 shares in the company, valued at $1,035,402.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the sale, the director now owns 5,891 shares in the company, valued at $1,035,402.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frances Arnold sold 230 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares in the company, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 253,439 shares of company stock worth $36,746,578. 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.