O Brien Wealth Partners LLC Sells 745 Shares of Alphabet Inc. (NASDAQ:GOOG)

O Brien Wealth Partners LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 33.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,478 shares of the information services provider’s stock after selling 745 shares during the quarter. O Brien Wealth Partners LLC’s holdings in Alphabet were worth $131,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Snider Financial Group increased its stake in shares of Alphabet by 8.6% in the fourth quarter. Snider Financial Group now owns 67,930 shares of the information services provider’s stock valued at $6,027,000 after buying an additional 5,402 shares in the last quarter. J.Safra Asset Management Corp increased its position in Alphabet by 940.6% in the fourth quarter. J.Safra Asset Management Corp now owns 4,100 shares of the information services provider’s stock worth $363,000 after purchasing an additional 3,706 shares during the period. Wade G W & Inc. increased its position in Alphabet by 16.0% in the fourth quarter. Wade G W & Inc. now owns 150,918 shares of the information services provider’s stock worth $13,391,000 after purchasing an additional 20,859 shares during the period. JSF Financial LLC increased its position in Alphabet by 12.8% in the fourth quarter. JSF Financial LLC now owns 8,316 shares of the information services provider’s stock worth $738,000 after purchasing an additional 946 shares during the period. Finally, Continuum Advisory LLC increased its position in Alphabet by 7.4% in the fourth quarter. Continuum Advisory LLC now owns 39,000 shares of the information services provider’s stock worth $3,355,000 after purchasing an additional 2,701 shares during the period. 28.69% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In related news, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total value of $3,349,931.34. Following the completion of the sale, the senior vice president now directly owns 76,580 shares in the company, valued at approximately $7,922,966.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Ann Mather sold 380 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $90.05, for a total transaction of $34,219.00. Following the completion of the sale, the director now directly owns 11,300 shares in the company, valued at approximately $1,017,565. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 32,379 shares of the company’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total value of $3,349,931.34. Following the sale, the senior vice president now owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The disclosure for this sale can be found here. In the last ninety days, insiders bought 732,217 shares of company stock worth $21,135,371 and sold 753,384 shares worth $30,574,577. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOG stock traded up $1.54 during trading on Friday, reaching $125.89. 11,945,890 shares of the company’s stock were exchanged, compared to its average volume of 29,757,766. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.60 trillion, a PE ratio of 27.53, a PEG ratio of 1.55 and a beta of 1.10. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $127.05. The firm’s fifty day moving average price is $109.26 and its 200-day moving average price is $99.67.

Alphabet (NASDAQ:GOOG – Get Rating) last posted its earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The business had revenue of $69.79 billion for the quarter, compared to analyst estimates of $68.80 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 EPS. As a group, sell-side analysts anticipate that Alphabet Inc. will post 5.41 EPS for the current year.

Analyst Ratings Changes

GOOG has been the topic of a number of recent analyst reports. Royal Bank of Canada set a $130.00 target price on Alphabet in a report on Friday, February 3rd. JPMorgan Chase & Co. set a $118.00 target price on Alphabet in a report on Thursday, February 9th. Sanford C. Bernstein set a $130.00 price objective on Alphabet in a report on Monday, February 6th. Jefferies Financial Group set a $125.00 price objective on Alphabet in a report on Friday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Alphabet from $120.00 to $125.00 in a research note on Wednesday, April 26th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.80.

Alphabet Company Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.