YHB Investment Advisors Inc. Has $28.38 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

YHB Investment Advisors Inc. increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,019 shares of the information services provider’s stock after purchasing an additional 1,823 shares during the period. Alphabet accounts for 2.3% of YHB Investment Advisors Inc.’s portfolio, making the stock its 9th largest position. YHB Investment Advisors Inc.’s holdings in Alphabet were worth $28,379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GOOG. Warner Financial Inc. bought a new stake in Alphabet in the fourth quarter valued at $203,000. Acorn Creek Capital LLC increased its holdings in shares of Alphabet by 1.0% in the 4th quarter. Acorn Creek Capital LLC now owns 6,551 shares of the information services provider’s stock worth $1,248,000 after acquiring an additional 63 shares during the period. Buffington Mohr McNeal increased its holdings in shares of Alphabet by 1.4% in the 4th quarter. Buffington Mohr McNeal now owns 55,172 shares of the information services provider’s stock worth $10,507,000 after acquiring an additional 760 shares during the period. Joseph P. Lucia & Associates LLC lifted its position in Alphabet by 8.6% in the 4th quarter. Joseph P. Lucia & Associates LLC now owns 3,446 shares of the information services provider’s stock valued at $656,000 after purchasing an additional 272 shares during the last quarter. Finally, BankPlus Wealth Management LLC acquired a new position in Alphabet during the 4th quarter valued at about $599,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Trading Up 2.8 %

Shares of NASDAQ:GOOG opened at $202.63 on Friday. The firm has a market capitalization of $2.48 trillion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $203.84. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average of $189.03 and a two-hundred day moving average of $175.35.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.55 EPS. On average, equities analysts expect that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the transaction, the director now directly owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. This trade represents a 2.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the sale, the chief executive officer now directly owns 2,084,306 shares of the company’s stock, valued at $369,672,512.16. The trade was a 1.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,630 shares of company stock worth $22,258,133 in the last 90 days. 12.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GOOG shares. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Jefferies Financial Group lifted their target price on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citigroup increased their price target on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a research note on Thursday. Finally, Barclays increased their target price on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $206.69.

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