GR Financial Group LLC Makes New $461,000 Investment in Alphabet Inc. (NASDAQ:GOOG)

GR Financial Group LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,421 shares of the information services provider’s stock, valued at approximately $461,000. Alphabet makes up about 0.1% of GR Financial Group LLC’s portfolio, making the stock its 15th largest position.

A number of other hedge funds have also made changes to their positions in GOOG. Charles Schwab Investment Management Inc. lifted its holdings in shares of Alphabet by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,824,307 shares of the information services provider’s stock valued at $5,870,181,000 after buying an additional 875,480 shares during the period. TSA Wealth Managment LLC acquired a new stake in Alphabet in the 4th quarter valued at about $217,000. State of Michigan Retirement System lifted its holdings in Alphabet by 1.6% in the 4th quarter. State of Michigan Retirement System now owns 1,514,360 shares of the information services provider’s stock valued at $288,395,000 after acquiring an additional 23,800 shares during the last quarter. NBW Capital LLC bought a new position in shares of Alphabet during the 4th quarter valued at about $201,000. Finally, Tacita Capital Inc grew its stake in shares of Alphabet by 3.2% in the 4th quarter. Tacita Capital Inc now owns 4,535 shares of the information services provider’s stock worth $864,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total transaction of $291,330.00. Following the completion of the sale, the director now directly owns 23,324 shares in the company, valued at $4,529,987.28. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,316 shares of company stock valued at $25,062,887. 12.99% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Scotiabank increased their price target on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Benchmark restated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Wedbush reiterated an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a report on Thursday, January 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $209.13.

Alphabet Price Performance

NASDAQ:GOOG opened at $174.99 on Thursday. 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 stock has a market cap of $2.13 trillion, a P/E ratio of 21.74, a PEG ratio of 1.34 and a beta of 1.00. The company has a fifty day moving average price of $190.68 and a 200 day moving average price of $177.91. Alphabet Inc. has a one year low of $131.95 and a one year high of $208.70.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. Analysts anticipate that Alphabet Inc. will post 8.89 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. Stockholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is presently 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.