LGL Partners LLC Has $963,000 Position in Alphabet Inc. (NASDAQ:GOOG)

LGL Partners LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,056 shares of the information services provider’s stock after acquiring an additional 107 shares during the period. LGL Partners LLC’s holdings in Alphabet were worth $963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in GOOG. FFT Wealth Management LLC lifted its stake in Alphabet by 1.3% during the fourth quarter. FFT Wealth Management LLC now owns 24,536 shares of the information services provider’s stock worth $4,673,000 after purchasing an additional 324 shares during the last quarter. Longbow Finance SA boosted its stake in Alphabet by 5.0% in the fourth quarter. Longbow Finance SA now owns 244,010 shares of the information services provider’s stock valued at $46,469,000 after buying an additional 11,556 shares in the last quarter. Sterling Investment Advisors Ltd. grew its position in Alphabet by 2.7% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 19,436 shares of the information services provider’s stock valued at $3,701,000 after acquiring an additional 515 shares during the last quarter. Vaughan David Investments LLC IL raised its stake in Alphabet by 6.4% during the fourth quarter. Vaughan David Investments LLC IL now owns 5,482 shares of the information services provider’s stock worth $1,044,000 after acquiring an additional 330 shares in the last quarter. Finally, Exchange Capital Management Inc. boosted its stake in shares of Alphabet by 80.2% in the 4th quarter. Exchange Capital Management Inc. now owns 10,816 shares of the information services provider’s stock valued at $2,060,000 after purchasing an additional 4,815 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Benchmark reiterated a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Oppenheimer upped their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Phillip Securities raised Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $209.13.

Insider Buying and Selling at Alphabet

In related news, insider Ruth Porat sold 17,690 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the sale, the insider now directly owns 1,449,286 shares of the company’s stock, valued at $265,914,995.28. The trade was a 1.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the transaction, the chief accounting officer now directly owns 23,515 shares in the company, valued at approximately $4,007,191.15. This trade represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,309 shares of company stock valued at $25,057,490. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

GOOG stock opened at $172.22 on Friday. The firm has a market cap of $2.10 trillion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.34 and a beta of 1.00. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $192.17 and a 200-day moving average price of $177.65. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $208.70.

Alphabet (NASDAQ:GOOG) last issued its 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, equities research 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. Shareholders of record on Monday, March 10th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is 9.94%.

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.