West Oak Capital LLC Has $3.74 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

West Oak Capital LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,585 shares of the information services provider’s stock after buying an additional 675 shares during the quarter. Alphabet comprises about 1.6% of West Oak Capital LLC’s portfolio, making the stock its 12th biggest position. West Oak Capital LLC’s holdings in Alphabet were worth $3,743,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Partnership Wealth Management LLC bought a new stake in Alphabet during the 4th quarter worth approximately $26,000. Bruce G. Allen Investments LLC purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $26,000. Equitec Proprietary Markets LLC bought a new stake in Alphabet during the fourth quarter worth $28,000. DiNuzzo Private Wealth Inc. bought a new position in Alphabet during the 4th quarter valued at $32,000. Finally, Richardson Financial Services Inc. bought a new position in Alphabet during the 4th quarter valued at $34,000. Institutional investors own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GOOG shares. Stifel Nicolaus increased their target price on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Oppenheimer increased their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price on the stock. in a research note on Friday, June 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $167.86.

Insider Transactions at Alphabet

In related news, SVP Prabhakar Raghavan sold 3,262 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the completion of the transaction, the senior vice president now directly owns 9 shares of the company’s stock, valued at approximately $1,655.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Prabhakar Raghavan sold 3,262 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $183.99, for a total transaction of $600,175.38. Following the transaction, the senior vice president now directly owns 9 shares of the company’s stock, valued at approximately $1,655.91. The disclosure for this sale can be found here. Insiders sold 123,788 shares of company stock worth $21,143,403 over the last quarter. Corporate insiders own 12.99% of the company’s stock.

Alphabet Trading Up 1.1 %

Shares of GOOG stock opened at $186.61 on Wednesday. Alphabet Inc. has a 12-month low of $115.83 and a 12-month high of $187.50. 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 company has a 50 day moving average of $174.93 and a 200-day moving average of $156.20. The firm has a market cap of $2.31 trillion, a P/E ratio of 28.62, a PEG ratio of 1.38 and a beta of 1.05.

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

Alphabet Announces Dividend

The firm also recently announced a — dividend, which was paid on Monday, June 17th. Stockholders 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 payout ratio is 12.27%.

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.