Bluesphere Advisors LLC Buys 1,623 Shares of Alphabet Inc. (NASDAQ:GOOG)

Bluesphere Advisors LLC increased its position in Alphabet Inc. (NASDAQ:GOOG) by 62.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,227 shares of the information services provider’s stock after buying an additional 1,623 shares during the period. Bluesphere Advisors LLC’s holdings in Alphabet were worth $596,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Birchcreek Wealth Management LLC increased its stake in Alphabet by 6.6% during the 4th quarter. Birchcreek Wealth Management LLC now owns 4,035 shares of the information services provider’s stock valued at $569,000 after purchasing an additional 250 shares in the last quarter. Choreo LLC increased its position in shares of Alphabet by 26.3% during the fourth quarter. Choreo LLC now owns 75,225 shares of the information services provider’s stock worth $10,601,000 after acquiring an additional 15,643 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Alphabet by 10.2% in the 4th quarter. Mather Group LLC. now owns 39,509 shares of the information services provider’s stock worth $5,568,000 after acquiring an additional 3,671 shares during the last quarter. Gilbert & Cook Inc. boosted its position in shares of Alphabet by 15.5% during the fourth quarter. Gilbert & Cook Inc. now owns 29,159 shares of the information services provider’s stock valued at $4,109,000 after buying an additional 3,924 shares during the last quarter. Finally, Flaharty Asset Management LLC grew its holdings in Alphabet by 18.7% during the fourth quarter. Flaharty Asset Management LLC now owns 3,158 shares of the information services provider’s stock worth $445,000 after buying an additional 498 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now owns 5,891 shares of the company’s stock, valued at approximately $1,035,402.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were 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 of the company’s stock, valued at $1,035,402.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 253,209 shares of company stock valued at $36,711,144. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Down 0.1 %

Shares of NASDAQ GOOG opened at $167.77 on Tuesday. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average of $149.64 and a 200-day moving average of $142.97. The firm has a market capitalization of $2.09 trillion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.59 and a beta of 1.05. Alphabet Inc. has a 12 month low of $104.50 and a 12 month high of $176.42.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm 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 firm earned $1.17 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. Sell-side analysts expect that Alphabet Inc. will post 6.8 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th.

Analyst Ratings Changes

A number of research firms have issued reports on GOOG. Raymond James lifted their price objective on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Susquehanna raised 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 restated an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Oppenheimer raised their target price on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus raised their price objective on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alphabet has a consensus rating of “Buy” and a consensus target price of $165.67.

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.