Alphabet Inc. (NASDAQ:GOOG) is Guyasuta Investment Advisors Inc.’s 4th Largest Position

Guyasuta Investment Advisors Inc. reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,128 shares of the information services provider’s stock after selling 3,882 shares during the period. Alphabet accounts for about 4.1% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 4th largest position. Guyasuta Investment Advisors Inc.’s holdings in Alphabet were worth $57,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Tandem Wealth Advisors LLC purchased a new stake in Alphabet during the third quarter valued at about $25,000. Bruce G. Allen Investments LLC acquired a new position in shares of Alphabet in the 4th quarter valued at about $26,000. Equitec Proprietary Markets LLC purchased a new stake in shares of Alphabet during the 4th quarter worth about $28,000. Buck Wealth Strategies LLC acquired a new stake in Alphabet during the 3rd quarter worth approximately $32,000. Finally, Barometer Capital Management Inc. purchased a new position in Alphabet in the third quarter valued at approximately $32,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Alphabet

In other news, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the transaction, the senior vice president now directly owns 144,685 shares in the company, valued at $22,566,519.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the sale, the director now owns 5,891 shares in the company, valued at approximately $1,035,402.16. The disclosure for this sale can be found here. Insiders have sold 253,209 shares of company stock worth $36,711,144 in the last ninety days. 12.99% of the stock is owned by insiders.

Alphabet Stock Down 3.3 %

Shares of NASDAQ GOOG opened at $167.90 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.15. Alphabet Inc. has a 1 year low of $104.50 and a 1 year high of $176.42. The stock’s 50-day simple moving average is $149.64 and its 200-day simple moving average is $142.97. The firm has a market cap of $2.09 trillion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.59 and a beta of 1.05.

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 the consensus estimate of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. During the same period in the previous year, the business earned $1.17 EPS. Alphabet’s revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, equities analysts anticipate that Alphabet Inc. will post 6.8 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be issued 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.