Buffington Mohr McNeal Has $10.51 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Buffington Mohr McNeal grew its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,172 shares of the information services provider’s stock after purchasing an additional 760 shares during the quarter. Alphabet comprises about 1.7% of Buffington Mohr McNeal’s portfolio, making the stock its 22nd biggest position. Buffington Mohr McNeal’s holdings in Alphabet were worth $10,507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOG. Joseph P. Lucia & Associates LLC boosted its stake in Alphabet by 8.6% during the fourth quarter. Joseph P. Lucia & Associates LLC now owns 3,446 shares of the information services provider’s stock worth $656,000 after acquiring an additional 272 shares in the last quarter. BankPlus Wealth Management LLC acquired a new position in shares of Alphabet during the fourth quarter valued at about $599,000. Eaton Cambridge Inc. bought a new position in shares of Alphabet during the 4th quarter worth about $227,000. Northwest Financial Advisors grew its stake in shares of Alphabet by 7.0% in the 4th quarter. Northwest Financial Advisors now owns 4,000 shares of the information services provider’s stock valued at $762,000 after buying an additional 263 shares during the period. Finally, JDH Wealth Management LLC bought a new stake in Alphabet in the 4th quarter valued at about $231,000. Institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Jefferies Financial Group raised their price objective on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $220.00 price target on shares of Alphabet in a research note on Thursday. Pivotal Research raised their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, UBS Group raised their price target on shares of Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $206.69.

Alphabet Trading Up 2.8 %

Shares of Alphabet stock opened at $202.63 on Friday. The stock has a fifty day moving average price of $189.03 and a 200-day moving average price of $175.35. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market cap of $2.48 trillion, a PE ratio of 26.87, a P/E/G ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $203.84.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Equities research analysts anticipate that Alphabet Inc. will post 8.02 EPS for the current year.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 441 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the transaction, the director now owns 16,490 shares in the company, valued at approximately $2,820,779.40. This represents a 2.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the sale, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,630 shares of company stock worth $22,258,133 in the last quarter. Insiders own 12.99% of the company’s stock.

Alphabet Company 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.