Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Matthew Goff Investment Advisor LLC

Matthew Goff Investment Advisor LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,414 shares of the information services provider’s stock after acquiring an additional 123 shares during the period. Matthew Goff Investment Advisor LLC’s holdings in Alphabet were worth $1,412,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. SkyView Investment Advisors LLC boosted its position in Alphabet by 11.4% in the 2nd quarter. SkyView Investment Advisors LLC now owns 16,281 shares of the information services provider’s stock worth $2,986,000 after purchasing an additional 1,660 shares in the last quarter. Copperwynd Financial LLC lifted its stake in shares of Alphabet by 7.4% in the 2nd quarter. Copperwynd Financial LLC now owns 7,200 shares of the information services provider’s stock valued at $1,247,000 after purchasing an additional 499 shares during the period. Magnolia Capital Advisors LLC boosted its holdings in Alphabet by 8.6% during the second quarter. Magnolia Capital Advisors LLC now owns 11,195 shares of the information services provider’s stock worth $2,053,000 after buying an additional 884 shares in the last quarter. Nemes Rush Group LLC grew its position in Alphabet by 2.3% during the second quarter. Nemes Rush Group LLC now owns 12,999 shares of the information services provider’s stock valued at $2,384,000 after buying an additional 289 shares during the period. Finally, Silver Lake Advisory LLC purchased a new position in Alphabet in the second quarter valued at $2,153,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ GOOG opened at $201.90 on Monday. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $203.84. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99. The stock’s fifty day moving average is $187.95 and its two-hundred day moving average is $175.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. During the same period last year, the business earned $1.55 earnings per share. Alphabet’s revenue was up 15.1% compared to the same quarter last year. On average, research analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current year.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the sale, the director now directly owns 330,466 shares in the company, valued at approximately $59,741,643.48. The trade was a 3.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the transaction, the chief executive officer now directly owns 2,084,306 shares of the company’s stock, valued at approximately $369,672,512.16. This trade represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,387 shares of company stock valued at $24,368,654. 12.99% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GOOG shares. Canaccord Genuity Group raised their target price on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company boosted their price objective on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Scotiabank increased their target price on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Friday. Citigroup boosted their price target on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Pivotal Research increased their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $205.13.

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.