Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by American Capital Advisory LLC

American Capital Advisory LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,652 shares of the information services provider’s stock after acquiring an additional 1,045 shares during the period. Alphabet makes up about 1.4% of American Capital Advisory LLC’s investment portfolio, making the stock its 13th largest position. American Capital Advisory LLC’s holdings in Alphabet were worth $2,600,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. D Orazio & Associates Inc. boosted its position in shares of Alphabet by 2.2% during the 4th quarter. D Orazio & Associates Inc. now owns 12,685 shares of the information services provider’s stock valued at $2,416,000 after purchasing an additional 268 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in Alphabet by 1.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 84,888 shares of the information services provider’s stock worth $16,166,000 after buying an additional 898 shares in the last quarter. Apollon Wealth Management LLC boosted its holdings in Alphabet by 18.1% during the fourth quarter. Apollon Wealth Management LLC now owns 168,015 shares of the information services provider’s stock worth $31,997,000 after buying an additional 25,736 shares in the last quarter. Apollon Financial LLC boosted its holdings in Alphabet by 3.4% during the fourth quarter. Apollon Financial LLC now owns 66,306 shares of the information services provider’s stock worth $12,627,000 after buying an additional 2,163 shares in the last quarter. Finally, Opinicus Capital Inc. boosted its holdings in Alphabet by 1.0% during the fourth quarter. Opinicus Capital Inc. now owns 8,772 shares of the information services provider’s stock worth $1,671,000 after buying an additional 86 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of research reports. UBS Group raised their target price on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Canaccord Genuity Group lifted their target price on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. Citigroup boosted their price objective on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their price target on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $209.13.

Alphabet Trading Down 0.6 %

NASDAQ GOOG opened at $187.07 on Wednesday. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $208.70. The firm’s fifty day simple moving average is $193.42 and its 200-day simple moving average is $176.27. The company has a current ratio of 1.84, a quick ratio of 1.95 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.29 trillion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.39 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping 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%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced 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 is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the transaction, the director now owns 21,824 shares of the company’s stock, valued at $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,529 shares of company stock worth $16,600,078. Corporate insiders own 12.99% of the company’s stock.

About Alphabet

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.