Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Evermay Wealth Management LLC

Evermay Wealth Management LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOG) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,855 shares of the information services provider’s stock after buying an additional 225 shares during the period. Evermay Wealth Management LLC’s holdings in Alphabet were worth $966,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC acquired a new position in Alphabet during the 4th quarter worth about $26,000. Partnership Wealth Management LLC acquired a new stake in shares of Alphabet during the fourth quarter worth about $26,000. Equitec Proprietary Markets LLC purchased a new position in shares of Alphabet in the fourth quarter valued at approximately $28,000. Buck Wealth Strategies LLC acquired a new position in shares of Alphabet in the third quarter valued at approximately $32,000. Finally, Barometer Capital Management Inc. purchased a new stake in Alphabet during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Monday, March 4th. The shares were sold at an average price of $136.49, for a total value of $93,086.18. Following the transaction, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 12,084 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the sale, the insider now owns 48,717 shares of the company’s stock, valued at approximately $7,365,523.23. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 205,935 shares of company stock valued at $31,178,987. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Up 0.7 %

GOOG stock traded up $1.27 during trading on Friday, hitting $176.33. 11,403,560 shares of the company’s stock were exchanged, compared to its average volume of 21,240,740. The business has a 50-day moving average price of $162.27 and a two-hundred day moving average price of $148.32. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.31 and a beta of 1.02. Alphabet Inc. has a 52-week low of $115.83 and a 52-week high of $179.95.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. During the same quarter in the previous year, the firm earned $1.17 EPS. The company’s revenue was up 15.4% compared to the same quarter last year. As a group, equities research analysts expect that Alphabet Inc. will post 7.7 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer increased their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Morgan Stanley reissued an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Finally, Susquehanna upped their target price on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $165.67.

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.