Harbor Investment Advisory LLC Has $13.62 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Harbor Investment Advisory LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.0% in the 1st quarter, HoldingsChannel reports. The fund owned 98,027 shares of the information services provider’s stock after selling 2,045 shares during the period. Alphabet makes up about 1.3% of Harbor Investment Advisory LLC’s portfolio, making the stock its 9th largest holding. Harbor Investment Advisory LLC’s holdings in Alphabet were worth $13,619,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Cranbrook Wealth Management LLC boosted its holdings in Alphabet by 14.0% in the fourth quarter. Cranbrook Wealth Management LLC now owns 570 shares of the information services provider’s stock valued at $80,000 after acquiring an additional 70 shares during the last quarter. Manchester Financial Inc. boosted its holdings in Alphabet by 3.6% during the fourth quarter. Manchester Financial Inc. now owns 2,124 shares of the information services provider’s stock worth $299,000 after buying an additional 74 shares during the last quarter. Atticus Wealth Management LLC boosted its holdings in Alphabet by 1.4% during the third quarter. Atticus Wealth Management LLC now owns 5,262 shares of the information services provider’s stock worth $694,000 after buying an additional 75 shares during the last quarter. Congress Park Capital LLC boosted its holdings in Alphabet by 0.3% during the fourth quarter. Congress Park Capital LLC now owns 22,542 shares of the information services provider’s stock worth $3,177,000 after buying an additional 76 shares during the last quarter. Finally, Emerald Advisors LLC boosted its holdings in Alphabet by 0.6% during the fourth quarter. Emerald Advisors LLC now owns 13,565 shares of the information services provider’s stock worth $1,912,000 after buying an additional 76 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Oppenheimer raised their target price on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Stifel Nicolaus lifted their price objective on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $165.67.

Alphabet Stock Performance

Shares of GOOG stock traded up $0.53 during trading on Monday, reaching $180.79. 18,177,705 shares of the company’s stock were exchanged, compared to its average volume of 21,453,121. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2.23 trillion, a PE ratio of 27.76, a PEG ratio of 1.33 and a beta of 1.01. Alphabet Inc. has a twelve month low of $115.83 and a twelve month high of $182.51. The firm’s fifty day moving average price is $171.61 and its 200-day moving average price is $154.11.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 EPS. As a group, sell-side analysts anticipate that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total value of $3,502,575.00. Following the completion of the sale, the chief executive officer now directly owns 2,325,513 shares in the company, valued at approximately $362,012,608.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total value of $3,502,575.00. Following the completion of the sale, the chief executive officer now directly owns 2,325,513 shares in the company, valued at approximately $362,012,608.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 12,084 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total value of $1,826,979.96. Following the completion of the sale, the insider now owns 48,717 shares of the company’s stock, valued at $7,365,523.23. The disclosure for this sale can be found here. Insiders sold 158,458 shares of company stock worth $26,375,053 in the last ninety days. 12.99% of the stock is owned by company insiders.

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.