Cvfg LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOG – Free Report) during the 4th quarter, Holdings Channel reports. The firm purchased 2,980 shares of the information services provider’s stock, valued at approximately $568,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Beck Bode LLC boosted its position in Alphabet by 7.1% during the second quarter. Beck Bode LLC now owns 67,523 shares of the information services provider’s stock valued at $12,385,000 after purchasing an additional 4,456 shares during the last quarter. WCG Wealth Advisors LLC boosted its holdings in shares of Alphabet by 20.3% in the 2nd quarter. WCG Wealth Advisors LLC now owns 26,937 shares of the information services provider’s stock valued at $4,941,000 after buying an additional 4,539 shares during the last quarter. Concorde Asset Management LLC acquired a new stake in shares of Alphabet in the 2nd quarter valued at approximately $218,000. Somerset Group LLC increased its holdings in Alphabet by 1.5% during the second quarter. Somerset Group LLC now owns 10,501 shares of the information services provider’s stock worth $1,926,000 after buying an additional 156 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC increased its holdings in Alphabet by 33.5% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 801 shares of the information services provider’s stock worth $147,000 after buying an additional 201 shares during the last quarter. 27.26% of the stock is owned by institutional investors.
Alphabet Stock Performance
Shares of NASDAQ:GOOG opened at $197.55 on Friday. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $202.88. The company’s 50 day moving average price is $185.56 and its two-hundred day moving average price is $174.84. The firm has a market cap of $2.42 trillion, a PE ratio of 26.20, a PEG ratio of 1.21 and a beta of 0.99. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.
Alphabet Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Monday, December 9th. Alphabet’s payout ratio is currently 10.61%.
Insider Activity at Alphabet
In related news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the transaction, the director now directly owns 23,324 shares of the company’s stock, valued at $4,529,987.28. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the sale, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock valued at $24,368,654 over the last quarter. 12.99% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on GOOG shares. Barclays lifted their price objective on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price target on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Phillip Securities raised Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Finally, UBS Group increased their price target on Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $200.56.
Read Our Latest Stock Report on Alphabet
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.
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