D. Scott Neal Inc. Increases Stake in Alphabet Inc. (NASDAQ:GOOG)

D. Scott Neal Inc. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 94.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,000 shares of the information services provider’s stock after buying an additional 1,940 shares during the period. D. Scott Neal Inc.’s holdings in Alphabet were worth $564,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Sandy Cove Advisors LLC increased its stake in Alphabet by 41.9% during the 4th quarter. Sandy Cove Advisors LLC now owns 5,326 shares of the information services provider’s stock worth $751,000 after buying an additional 1,573 shares during the period. Vision Capital Management Inc. acquired a new position in Alphabet during the 4th quarter worth approximately $448,000. Twin Peaks Wealth Advisors LLC acquired a new position in Alphabet during the 4th quarter worth approximately $1,664,000. Sterling Financial Group Inc. grew its holdings in Alphabet by 17.4% during the 4th quarter. Sterling Financial Group Inc. now owns 2,589 shares of the information services provider’s stock worth $365,000 after acquiring an additional 384 shares in the last quarter. Finally, Cadent Capital Advisors LLC grew its holdings in Alphabet by 6.0% during the 4th quarter. Cadent Capital Advisors LLC now owns 3,896 shares of the information services provider’s stock worth $549,000 after acquiring an additional 220 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the transaction, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 425 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $139.61, for a total transaction of $59,334.25. Following the transaction, the chief accounting officer now directly owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the transaction, the chief executive officer now directly owns 2,332,691 shares in the company, valued at $309,548,095.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 279,659 shares of company stock worth $39,460,310. Corporate insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Raymond James boosted their price target on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Susquehanna boosted their price target on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alphabet currently has a consensus rating of “Buy” and a consensus target price of $146.33.

Alphabet Trading Up 0.1 %

Shares of Alphabet stock opened at $151.84 on Wednesday. The company has a fifty day simple moving average of $144.41 and a 200-day simple moving average of $139.20. Alphabet Inc. has a 12-month low of $100.28 and a 12-month high of $155.20. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.89 trillion, a price-to-earnings ratio of 26.16, a PEG ratio of 1.40 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $85.28 billion. During the same quarter in the prior year, the business posted $1.05 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, equities analysts forecast that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

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.