Bank of New Hampshire Lowers Holdings in Alphabet Inc. (NASDAQ:GOOG)

Bank of New Hampshire trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.0% during the 4th quarter, Holdings Channel reports. The fund owned 17,008 shares of the information services provider’s stock after selling 340 shares during the period. Bank of New Hampshire’s holdings in Alphabet were worth $2,397,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Nadler Financial Group Inc. raised its holdings in shares of Alphabet by 2.6% during the 4th quarter. Nadler Financial Group Inc. now owns 30,158 shares of the information services provider’s stock worth $4,250,000 after acquiring an additional 772 shares in the last quarter. Channing Global Advisors LLC raised its holdings in shares of Alphabet by 0.7% during the 4th quarter. Channing Global Advisors LLC now owns 35,730 shares of the information services provider’s stock worth $5,035,000 after acquiring an additional 255 shares in the last quarter. Lyell Wealth Management LP raised its holdings in shares of Alphabet by 3.2% during the 4th quarter. Lyell Wealth Management LP now owns 84,313 shares of the information services provider’s stock worth $11,882,000 after acquiring an additional 2,618 shares in the last quarter. Disciplined Equity Management Inc. purchased a new stake in shares of Alphabet during the 4th quarter worth approximately $198,000. Finally, BIP Wealth LLC increased its position in shares of Alphabet by 1.8% during the 4th quarter. BIP Wealth LLC now owns 6,356 shares of the information services provider’s stock valued at $896,000 after purchasing an additional 112 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Up 9.8 %

Alphabet stock traded up $15.46 during mid-day trading on Friday, hitting $173.41. The company’s stock had a trading volume of 36,688,922 shares, compared to its average volume of 22,390,291. The company has a 50 day moving average of $148.48 and a 200-day moving average of $142.51. The stock has a market cap of $2.16 trillion, a PE ratio of 29.81, a P/E/G ratio of 1.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. Alphabet Inc. has a one year low of $104.42 and a one year high of $176.42.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. During the same quarter in the prior year, the company posted $1.17 EPS. Alphabet’s quarterly revenue was up 15.4% on a year-over-year basis. On average, research analysts anticipate that Alphabet Inc. will post 6.79 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GOOG. Stifel Nicolaus boosted their target price on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Susquehanna boosted their target price on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Raymond James boosted their target price on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Morgan Stanley reissued an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Finally, Oppenheimer boosted 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. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $159.86.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares in the company, valued at approximately $2,326,922.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Alphabet news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares in the company, valued at approximately $2,326,922.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 300 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total value of $41,853.00. Following the completion of the sale, the director now owns 9,291 shares of the company’s stock, valued at $1,296,187.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 251,339 shares of company stock worth $36,377,482. 12.99% of the stock is currently owned by company insiders.

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.