HHM Wealth Advisors LLC decreased its holdings in Alphabet Inc (NASDAQ:GOOG) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 140 shares of the information services provider’s stock after selling 11 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Alphabet were worth $163,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cornerstone Wealth Group LLC raised its position in shares of Alphabet by 3.8% during the fourth quarter. Cornerstone Wealth Group LLC now owns 189 shares of the information services provider’s stock worth $253,000 after acquiring an additional 7 shares during the last quarter. Moloney Securities Asset Management LLC grew its stake in shares of Alphabet by 0.8% during the fourth quarter. Moloney Securities Asset Management LLC now owns 939 shares of the information services provider’s stock worth $1,255,000 after purchasing an additional 7 shares during the period. Dakota Wealth Management grew its stake in shares of Alphabet by 0.5% during the fourth quarter. Dakota Wealth Management now owns 1,378 shares of the information services provider’s stock worth $1,843,000 after purchasing an additional 7 shares during the period. Cim LLC grew its stake in shares of Alphabet by 0.9% during the fourth quarter. Cim LLC now owns 808 shares of the information services provider’s stock worth $1,080,000 after purchasing an additional 7 shares during the period. Finally, MACRO Consulting Group grew its stake in shares of Alphabet by 4.6% during the fourth quarter. MACRO Consulting Group now owns 182 shares of the information services provider’s stock worth $243,000 after purchasing an additional 8 shares during the period. Hedge funds and other institutional investors own 32.99% of the company’s stock.

Shares of Alphabet stock traded up $0.75 during trading on Friday, reaching $1,417.48. The stock had a trading volume of 824,584 shares, compared to its average volume of 1,551,393. The company has a market capitalization of $967.84 billion, a price-to-earnings ratio of 28.57, a P/E/G ratio of 2.13 and a beta of 1.06. The stock has a fifty day moving average price of $1,319.72 and a two-hundred day moving average price of $1,335.87. Alphabet Inc has a 52 week low of $1,013.54 and a 52 week high of $1,532.11. The company has a current ratio of 3.66, a quick ratio of 3.64 and a debt-to-equity ratio of 0.08.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, April 28th. The information services provider reported $9.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.27 by ($1.40). Alphabet had a return on equity of 17.43% and a net margin of 20.71%. The company had revenue of $41.16 billion for the quarter, compared to the consensus estimate of $40.29 billion. During the same quarter in the previous year, the company posted $9.50 EPS. The business’s revenue was up 13.3% on a year-over-year basis. On average, equities analysts forecast that Alphabet Inc will post 41.47 EPS for the current fiscal year.

A number of equities research analysts recently commented on the company. Zacks Investment Research cut Alphabet from a “hold” rating to a “sell” rating in a research note on Thursday, April 30th. DZ Bank reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, February 4th. Credit Suisse Group decreased their price objective on Alphabet from $1,700.00 to $1,500.00 and set an “outperform” rating for the company in a research note on Monday, April 20th. JPMorgan Chase & Co. lifted their price objective on Alphabet from $1,340.00 to $1,505.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler boosted their target price on Alphabet from $1,500.00 to $1,600.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $1,580.52.

In related news, Director Ann Mather sold 31 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $1,352.66, for a total transaction of $41,932.46. Following the sale, the director now owns 1,119 shares in the company, valued at $1,513,626.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 60 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,363.61, for a total value of $81,816.60. Following the sale, the director now owns 592 shares in the company, valued at approximately $807,257.12. The disclosure for this sale can be found here. Insiders have sold 325 shares of company stock worth $409,753 in the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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