Horan Capital Advisors LLC. Has $1.01 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

Horan Capital Advisors LLC. reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,154 shares of the information services provider’s stock after selling 214 shares during the period. Horan Capital Advisors LLC.’s holdings in Alphabet were worth $1,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of GOOG. PDS Planning Inc lifted its holdings in Alphabet by 0.9% during the 3rd quarter. PDS Planning Inc now owns 27,254 shares of the information services provider’s stock worth $3,593,000 after purchasing an additional 251 shares during the last quarter. Boyd Watterson Asset Management LLC OH increased its position in Alphabet by 12.1% during the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 18,402 shares of the information services provider’s stock valued at $2,426,000 after purchasing an additional 1,982 shares during the period. FAS Wealth Partners Inc. raised its stake in Alphabet by 0.9% during the third quarter. FAS Wealth Partners Inc. now owns 53,391 shares of the information services provider’s stock worth $7,040,000 after buying an additional 498 shares during the last quarter. Sheets Smith Wealth Management lifted its stake in shares of Alphabet by 3.2% in the 3rd quarter. Sheets Smith Wealth Management now owns 110,733 shares of the information services provider’s stock valued at $14,600,000 after purchasing an additional 3,390 shares during the period. Finally, Moreno Evelyn V increased its holdings in Alphabet by 3.9% in the third quarter. Moreno Evelyn V now owns 125,381 shares of the information services provider’s stock worth $16,531,000 after purchasing an additional 4,667 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the 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 completion of the transaction, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ruth Porat sold 48,077 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the transaction, the chief financial officer now directly owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The disclosure for this sale can be found here. Insiders have sold 275,129 shares of company stock worth $40,382,765 in the last 90 days. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

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

Alphabet Stock Up 0.3 %

Shares of Alphabet stock traded up $0.53 on Friday, hitting $168.99. The company had a trading volume of 22,767,056 shares, compared to its average volume of 22,353,938. Alphabet Inc. has a 1 year low of $104.70 and a 1 year high of $176.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.15. The stock has a 50 day moving average of $150.99 and a 200-day moving average of $143.49. The stock has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 1.26 and a beta of 1.02.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. The firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 EPS. As a group, sell-side analysts forecast that Alphabet Inc. will post 7.66 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a — dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th.

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.