EverSource Wealth Advisors LLC Sells 889 Shares of Alphabet Inc. (NASDAQ:GOOG)

EverSource Wealth Advisors LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,209 shares of the information services provider’s stock after selling 889 shares during the period. Alphabet comprises approximately 0.8% of EverSource Wealth Advisors LLC’s investment portfolio, making the stock its 26th largest holding. EverSource Wealth Advisors LLC’s holdings in Alphabet were worth $8,485,000 as of its most recent SEC filing.

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

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $136.49, for a total transaction of $93,086.18. Following the sale, the chief accounting officer now owns 28,602 shares in the company, valued at approximately $3,903,886.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Amie Thuener O’toole sold 682 shares of the 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 owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 12,084 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total value of $1,826,979.96. Following the completion of the sale, the insider now owns 48,717 shares in the company, valued at $7,365,523.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 228,435 shares of company stock valued at $34,398,287. 12.99% of the stock is owned by insiders.

Alphabet Price Performance

Shares of GOOG stock traded up $1.08 during trading on Tuesday, hitting $179.54. The company had a trading volume of 14,699,066 shares, compared to its average volume of 22,156,553. The firm has a market capitalization of $2.22 trillion, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 1.32 and a beta of 1.02. Alphabet Inc. has a one year low of $115.83 and a one year high of $179.95. 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 stock’s 50-day moving average price is $159.43 and its 200 day moving average price is $147.04.

Alphabet (NASDAQ:GOOGGet Free Report) 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 $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. During the same period in the prior year, the firm posted $1.17 EPS. Alphabet’s quarterly revenue was up 15.4% on a year-over-year basis. Equities analysts expect that Alphabet Inc. will post 7.7 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th.

Analyst Ratings Changes

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

View Our Latest Stock Report on GOOG

Alphabet Profile

(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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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