Alphabet Inc (GOOG) Shares Bought by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. grew its position in shares of Alphabet Inc (NASDAQ:GOOG) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,412 shares of the information services provider’s stock after purchasing an additional 336 shares during the quarter. Alphabet comprises approximately 5.7% of Dock Street Asset Management Inc.’s investment portfolio, making the stock its 5th largest position. Dock Street Asset Management Inc.’s holdings in Alphabet were worth $14,925,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Mercer Capital Advisers Inc. boosted its holdings in Alphabet by 5.9% during the 4th quarter. Mercer Capital Advisers Inc. now owns 625 shares of the information services provider’s stock worth $647,000 after acquiring an additional 35 shares during the last quarter. Stokes & Hubbell Capital Management LLC lifted its holdings in Alphabet by 10.7% during the fourth quarter. Stokes & Hubbell Capital Management LLC now owns 3,607 shares of the information services provider’s stock valued at $3,736,000 after purchasing an additional 348 shares during the last quarter. Cooper Financial Group purchased a new stake in Alphabet during the fourth quarter valued at about $379,000. James Hambro & Partners lifted its holdings in Alphabet by 1.6% during the fourth quarter. James Hambro & Partners now owns 19,663 shares of the information services provider’s stock valued at $20,394,000 after purchasing an additional 305 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Alphabet by 5.8% during the fourth quarter. Meeder Asset Management Inc. now owns 14,652 shares of the information services provider’s stock valued at $15,173,000 after purchasing an additional 804 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

GOOG has been the topic of several analyst reports. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research report on Friday, December 21st. UBS Group restated a “buy” rating on shares of Alphabet in a research report on Monday, January 14th. Nomura reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, January 7th. Deutsche Bank cut their target price on Alphabet from $1,350.00 to $1,300.00 and set a “buy” rating for the company in a research note on Wednesday, January 23rd. Finally, Canaccord Genuity raised Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, January 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $1,349.78.

In other news, CEO Sundar Pichai sold 10,000 shares of Alphabet stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $1,086.33, for a total transaction of $10,863,300.00. Following the transaction, the chief executive officer now directly owns 491 shares of the company’s stock, valued at approximately $533,388.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ann Mather sold 38 shares of Alphabet stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $1,100.00, for a total value of $41,800.00. The disclosure for this sale can be found here. Insiders sold 10,797 shares of company stock worth $11,795,783 over the last three months. Insiders own 13.11% of the company’s stock.

Shares of NASDAQ:GOOG traded up $3.23 on Monday, hitting $1,221.10. 993,240 shares of the company traded hands, compared to its average volume of 1,410,470. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.89. The company has a market capitalization of $837.43 billion, a PE ratio of 25.70, a PEG ratio of 1.42 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping the consensus estimate of $10.86 by $1.91. The company had revenue of $39.28 billion during the quarter, compared to the consensus estimate of $38.91 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. Alphabet’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period last year, the company earned $9.70 EPS. On average, sell-side analysts anticipate that Alphabet Inc will post 47.35 earnings per share for the current fiscal year.

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Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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