TKG Advisors LLC Purchases 1,271 Shares of Alphabet Inc. (NASDAQ:GOOG)

TKG Advisors LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 48.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,888 shares of the information services provider’s stock after acquiring an additional 1,271 shares during the period. TKG Advisors LLC’s holdings in Alphabet were worth $785,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Werba Rubin Papier Wealth Management lifted its holdings in shares of Alphabet by 66.8% during the 4th quarter. Werba Rubin Papier Wealth Management now owns 14,289 shares of the information services provider’s stock worth $2,721,000 after acquiring an additional 5,725 shares during the last quarter. Financial Management Network Inc. lifted its holdings in shares of Alphabet by 1.3% during the 4th quarter. Financial Management Network Inc. now owns 17,783 shares of the information services provider’s stock worth $3,434,000 after acquiring an additional 228 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Alphabet by 15.2% during the 4th quarter. Global Retirement Partners LLC now owns 83,091 shares of the information services provider’s stock worth $15,824,000 after acquiring an additional 10,960 shares during the last quarter. Semus Wealth Partners LLC lifted its holdings in shares of Alphabet by 6.4% during the 4th quarter. Semus Wealth Partners LLC now owns 18,809 shares of the information services provider’s stock worth $3,582,000 after acquiring an additional 1,127 shares during the last quarter. Finally, Timber Creek Capital Management LLC lifted its holdings in shares of Alphabet by 1.1% during the 4th quarter. Timber Creek Capital Management LLC now owns 68,915 shares of the information services provider’s stock worth $13,124,000 after acquiring an additional 721 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now owns 43,981 shares of the company’s stock, valued at $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the sale, the chief accounting officer now directly owns 23,515 shares in the company, valued at $4,007,191.15. The trade was a 5.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,299 shares of company stock worth $25,055,751 over the last 90 days. 12.99% of the stock is owned by company insiders.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $181.58 on Friday. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company’s 50-day moving average is $194.02 and its 200 day moving average is $177.34. The stock has a market capitalization of $2.21 trillion, a P/E ratio of 22.56, a P/E/G ratio of 1.34 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Analyst Ratings Changes

A number of brokerages recently commented on GOOG. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Jefferies Financial Group lifted their target price on shares of Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group lifted their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Citigroup lifted their target price on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $209.13.

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.