Hill Investment Group Partners LLC Invests $270,000 in Alphabet Inc. (NASDAQ:GOOG)

Hill Investment Group Partners LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,228 shares of the information services provider’s stock, valued at approximately $270,000.

Other institutional investors and hedge funds have also modified their holdings of the company. DC Investments Management LLC bought a new stake in Alphabet in the 1st quarter valued at $115,000. Guardian Wealth Management Inc. bought a new stake in Alphabet in the 1st quarter valued at $184,000. Turim 21 Investimentos Ltda. increased its holdings in Alphabet by 10.8% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after buying an additional 8 shares during the period. qPULA Trading Management LP bought a new stake in Alphabet in the 1st quarter valued at $279,000. Finally, Dynamic Technology Lab Private Ltd increased its holdings in Alphabet by 29.2% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 115 shares of the information services provider’s stock valued at $321,000 after buying an additional 26 shares during the period. 27.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 200 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $132.92, for a total value of $26,584.00. Following the sale, the director now directly owns 7,184 shares in the company, valued at $954,897.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 3,749 shares of Alphabet stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $136.28, for a total value of $510,913.72. Following the sale, the chief accounting officer now owns 25,568 shares of the company’s stock, valued at approximately $3,484,407.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $132.92, for a total value of $26,584.00. Following the completion of the sale, the director now directly owns 7,184 shares in the company, valued at approximately $954,897.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 176,576 shares of company stock worth $23,425,367. Company insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on GOOG. Wedbush began coverage on shares of Alphabet in a report on Monday, August 21st. They issued an “outperform” rating on the stock. Susquehanna boosted their price target on shares of Alphabet from $120.00 to $150.00 in a report on Wednesday, July 26th. Oppenheimer reissued an “outperform” rating and issued a $160.00 price target on shares of Alphabet in a report on Wednesday, October 25th. Finally, Robert W. Baird upped their target price on shares of Alphabet from $123.00 to $140.00 in a report on Wednesday, July 26th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Alphabet currently has an average rating of “Buy” and an average target price of $130.69.

Alphabet Trading Up 0.9 %

NASDAQ:GOOG traded up $1.24 during mid-day trading on Monday, hitting $138.18. The company had a trading volume of 11,151,872 shares, compared to its average volume of 25,875,609. The firm has a market cap of $1.73 trillion, a P/E ratio of 26.07, a P/E/G ratio of 1.53 and a beta of 1.05. Alphabet Inc. has a fifty-two week low of $85.57 and a fifty-two week high of $142.38. The business’s fifty day moving average is $134.60 and its two-hundred day moving average is $128.47. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.04.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, October 24th. The information services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The business had revenue of $64.05 billion for the quarter, compared to the consensus estimate of $63.13 billion. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. As a group, research analysts expect that Alphabet Inc. will post 5.74 earnings per share for the current year.

About Alphabet

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.