JFG Wealth Management LLC Raises Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

JFG Wealth Management LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,131 shares of the information services provider’s stock after purchasing an additional 74 shares during the period. JFG Wealth Management LLC’s holdings in Alphabet were worth $406,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Swedbank AB boosted its stake in Alphabet by 0.6% during the 3rd quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock valued at $1,394,181,000 after acquiring an additional 51,226 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its stake in Alphabet by 0.6% during the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 113,127 shares of the information services provider’s stock valued at $18,914,000 after acquiring an additional 623 shares during the last quarter. Cornerstone Wealth Group LLC lifted its position in shares of Alphabet by 3.7% during the third quarter. Cornerstone Wealth Group LLC now owns 16,076 shares of the information services provider’s stock worth $2,688,000 after purchasing an additional 570 shares during the last quarter. S.A. Mason LLC lifted its position in shares of Alphabet by 1.5% during the third quarter. S.A. Mason LLC now owns 5,325 shares of the information services provider’s stock worth $890,000 after purchasing an additional 80 shares during the last quarter. Finally, Goldstone Financial Group LLC bought a new position in shares of Alphabet during the third quarter worth about $461,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on GOOG shares. Oppenheimer increased their target price on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Benchmark restated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Scotiabank raised their price target on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $209.13.

Insiders Place Their Bets

In related news, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction dated 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 approximately $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,309 shares of company stock worth $25,057,490 over the last ninety days. Company insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $172.22 on Friday. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70. The firm’s 50-day simple moving average is $192.17 and its 200 day simple moving average is $177.65. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.10 trillion, a P/E ratio of 21.39, a P/E/G ratio of 1.34 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a $0.20 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

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.