Curi Wealth Management LLC Has $12.26 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Curi Wealth Management LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGFree Report) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 87,015 shares of the information services provider’s stock after selling 8,384 shares during the period. Alphabet makes up approximately 1.7% of Curi Wealth Management LLC’s investment portfolio, making the stock its 19th biggest holding. Curi Wealth Management LLC’s holdings in Alphabet were worth $12,263,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GOOG shares. Stifel Nicolaus increased their price objective on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Susquehanna lifted their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Raymond James upped their price objective on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Morgan Stanley reissued an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Finally, Oppenheimer upped their price target on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $165.67.

Read Our Latest Report on Alphabet

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $143.08, for a total transaction of $3,219,300.00. Following the transaction, the chief executive officer now owns 2,355,191 shares of the company’s stock, valued at $336,980,728.28. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Ruth Porat sold 48,077 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $143.08, for a total transaction of $3,219,300.00. Following the sale, the chief executive officer now owns 2,355,191 shares of the company’s stock, valued at $336,980,728.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 254,011 shares of company stock valued at $37,337,245. 12.99% of the stock is owned by company insiders.

Alphabet Stock Up 0.6 %

GOOG traded up $1.03 on Tuesday, hitting $171.93. 18,697,662 shares of the company were exchanged, compared to its average volume of 22,412,434. The stock’s fifty day moving average is $155.43 and its 200-day moving average is $145.31. Alphabet Inc. has a 12 month low of $115.83 and a 12 month high of $176.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market cap of $2.12 trillion, a PE ratio of 26.30, a PEG ratio of 1.27 and a beta of 1.02.

Alphabet (NASDAQ:GOOGGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.51 by $0.38. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. Equities research analysts predict that Alphabet Inc. will post 7.66 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a — dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a $0.20 dividend. The ex-dividend date is Monday, June 10th. Alphabet’s payout ratio is 12.27%.

About Alphabet

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.