West Oak Capital LLC has acquired $3.74 million worth of shares in Alphabet Inc. (NASDAQ:GOOG)

West Oak Capital LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The company owned 24,585 shares of the information services provider after buying an additional 675 shares during the quarter. Alphabet represents about 1.6% of West Oak Capital LLC’s portfolio, making the stock its 12th-largest position. West Oak Capital LLC’s shares of 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 purchased 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 worth approximately $26,000. Equitec Proprietary Markets LLC purchased a new stake in Alphabet during the fourth quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. purchased a new position in Alphabet during the 4th quarter worth approximately $32,000. Finally, Richardson Financial Services Inc. purchased a new position in Alphabet during the 4th quarter worth approximately $34,000. Institutional investors own 27.26% of the company’s shares.

Wall Street analysts predict growth

Several analysts have recently commented on GOOG stock. Stifel Nicolaus increased their price target 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 target 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 price target on the stock in a research note on Friday, June 28th. Finally, Morgan Stanley affirmed 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 given a buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $167.86.

Check out our latest analysis on GOOG

Insider transactions at Alphabet

In related news, SVP Prabhakar Raghavan sold 3,262 shares of the company’s stock in a transaction that occurred on Monday, July 01. 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 at this link. In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Thursday, May 02. 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, available at this link. Also, SVP Prabhakar Raghavan sold 3,262 shares of the company’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 the company’s stock worth $21,143,403 during the last quarter. Corporate insiders own 12.99% of the company’s stock.

Alphabet trades up 1.1%

Shares of GOOG 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 company has a market cap of $2.31 trillion, a price-to-earnings ratio of 28.62, a PEG ratio of 1.38 and a beta of 1.05.

Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings results on Thursday, April 25. The information services company reported $1.89 EPS for the quarter, topping 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 company had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $78.75 billion. In the year-ago quarter, the company earned $1.17 EPS. The company’s revenue for the quarter was up 15.4% from the year-ago quarter. Sell-side analysts expect Alphabet Inc. to post 7.6 EPS for the current year.

Alphabet announces dividend

The company also recently announced a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were paid a dividend of $0.20. The ex-dividend date for this dividend was Monday, June 10th. Alphabet’s payout ratio is 12.27%.

Alphabet profile

(Free Report)

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, Asia Pacific, Canada and Latin America. It operates through the Google Services, Google Cloud and Other Bets segments. The Google Services segment offers products and services including advertising, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search and YouTube.

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