Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by SC&H Financial Advisors Inc.

SC&H Financial Advisors Inc. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 22.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,873 shares of the information services provider’s stock after purchasing an additional 1,601 shares during the quarter. SC&H Financial Advisors Inc.’s holdings in Alphabet were worth $1,690,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Joel Isaacson & Co. LLC increased its position in shares of Alphabet by 1.8% during the 4th quarter. Joel Isaacson & Co. LLC now owns 494,220 shares of the information services provider’s stock worth $94,119,000 after purchasing an additional 8,931 shares during the last quarter. Northstar Group Inc. increased its position in shares of Alphabet by 1.2% during the 4th quarter. Northstar Group Inc. now owns 102,418 shares of the information services provider’s stock worth $19,504,000 after purchasing an additional 1,243 shares during the last quarter. Arcataur Capital Management LLC increased its position in shares of Alphabet by 6.1% during the 4th quarter. Arcataur Capital Management LLC now owns 10,251 shares of the information services provider’s stock worth $1,952,000 after purchasing an additional 585 shares during the last quarter. Dock Street Asset Management Inc. increased its position in shares of Alphabet by 3.3% during the 4th quarter. Dock Street Asset Management Inc. now owns 222,749 shares of the information services provider’s stock worth $42,420,000 after purchasing an additional 7,124 shares during the last quarter. Finally, Realta Investment Advisors grew its position in Alphabet by 3.2% in the 4th quarter. Realta Investment Advisors now owns 31,602 shares of the information services provider’s stock valued at $6,103,000 after acquiring an additional 990 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,529 shares of company stock worth $16,600,078. 12.99% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on GOOG. Barclays lifted their target price on 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 target price on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. Pivotal Research lifted their target price on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Citigroup lifted their target price on Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $187.07 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.95 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $208.70. The stock has a 50 day moving average of $193.42 and a two-hundred day moving average of $176.27. The stock has a market cap of $2.29 trillion, a P/E ratio of 23.24, a P/E/G ratio of 1.39 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

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.