Nations Financial Group Inc. IA ADV Has $3.57 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Nations Financial Group Inc. IA ADV boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 31.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,341 shares of the information services provider’s stock after buying an additional 6,053 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Alphabet were worth $3,571,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GOOG. Partnership Wealth Management LLC bought a new stake in shares of Alphabet in the 4th quarter worth $26,000. Bruce G. Allen Investments LLC bought a new stake in shares of Alphabet in the 4th quarter worth $26,000. Equitec Proprietary Markets LLC bought a new position in Alphabet during the fourth quarter valued at about $28,000. DiNuzzo Private Wealth Inc. bought a new position in Alphabet during the fourth quarter valued at about $32,000. Finally, Buck Wealth Strategies LLC bought a new position in Alphabet during the third quarter valued at about $32,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $136.49, for a total value of $93,086.18. Following the sale, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the transaction, the senior vice president now directly owns 144,685 shares in the company, valued at $22,566,519.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the transaction, the chief accounting officer now owns 28,602 shares in the company, valued at $3,903,886.98. The disclosure for this sale can be found here. Insiders have sold 205,935 shares of company stock valued at $31,178,987 over the last three months. 12.99% of the stock is owned by corporate insiders.

Alphabet Price Performance

Shares of Alphabet stock traded up $1.27 on Friday, reaching $176.33. The stock had a trading volume of 11,403,560 shares, compared to its average volume of 21,240,740. Alphabet Inc. has a 1 year low of $115.83 and a 1 year high of $179.95. The company has a market cap of $2.18 trillion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 1.31 and a beta of 1.02. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $162.27 and its two-hundred day moving average is $148.21.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. The business had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. Alphabet’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm posted $1.17 earnings per share. As a group, research analysts anticipate that Alphabet Inc. will post 7.7 EPS for the current year.

Alphabet Announces Dividend

The business also recently announced a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. 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 report on Monday, April 8th. Susquehanna increased their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Finally, Stifel Nicolaus upped their price objective on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $165.67.

Alphabet Company 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.