Eudaimonia Advisors LLC Cuts Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Eudaimonia Advisors LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,586 shares of the information services provider’s stock after selling 163 shares during the quarter. Alphabet makes up about 1.0% of Eudaimonia Advisors LLC’s portfolio, making the stock its 26th biggest holding. Eudaimonia Advisors LLC’s holdings in Alphabet were worth $1,492,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Tandem Wealth Advisors LLC purchased a new stake in Alphabet in the 3rd quarter worth $25,000. Bruce G. Allen Investments LLC purchased a new stake in Alphabet in the 4th quarter worth $26,000. Equitec Proprietary Markets LLC purchased a new stake in Alphabet in the 4th quarter worth $28,000. Buck Wealth Strategies LLC purchased a new stake in Alphabet in the 3rd quarter worth $32,000. Finally, Barometer Capital Management Inc. purchased a new stake in Alphabet in the 3rd quarter worth $32,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GOOG shares. Susquehanna upped their target price on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Oppenheimer upped their target price on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. Stifel Nicolaus upped their target price on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Raymond James boosted their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $159.86.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the sale, the chief executive officer now directly owns 2,303,011 shares in the company, valued at $362,516,961.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the transaction, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The disclosure for this sale can be found here. Insiders have sold 251,339 shares of company stock worth $36,377,482 over the last three months. Company insiders own 12.99% of the company’s stock.

Alphabet Trading Up 0.7 %

NASDAQ GOOG opened at $161.10 on Thursday. The firm’s 50-day moving average is $148.20 and its two-hundred day moving average is $142.40. Alphabet Inc. has a 12 month low of $103.27 and a 12 month high of $161.70. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market capitalization of $2.00 trillion, a P/E ratio of 27.78, a PEG ratio of 1.47 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. Alphabet’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 6.79 earnings per share for the current 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.