Frank Rimerman Advisors LLC Buys 5,387 Shares of Alphabet Inc. (NASDAQ:GOOG)

Frank Rimerman Advisors LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 156,198 shares of the information services provider’s stock after acquiring an additional 5,387 shares during the quarter. Alphabet comprises 2.2% of Frank Rimerman Advisors LLC’s portfolio, making the stock its 13th largest position. Frank Rimerman Advisors LLC’s holdings in Alphabet were worth $29,746,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOOG. Van Strum & Towne Inc. bought a new position in shares of Alphabet during the fourth quarter worth $297,000. Copperwynd Financial LLC boosted its position in shares of Alphabet by 2.8% during the fourth quarter. Copperwynd Financial LLC now owns 9,169 shares of the information services provider’s stock worth $1,746,000 after purchasing an additional 248 shares in the last quarter. Montis Financial LLC boosted its position in shares of Alphabet by 24.2% during the fourth quarter. Montis Financial LLC now owns 9,632 shares of the information services provider’s stock worth $1,834,000 after purchasing an additional 1,875 shares in the last quarter. Brandes Investment Partners LP boosted its position in shares of Alphabet by 1.2% during the fourth quarter. Brandes Investment Partners LP now owns 424,096 shares of the information services provider’s stock worth $80,765,000 after purchasing an additional 5,163 shares in the last quarter. Finally, Greatmark Investment Partners Inc. boosted its position in shares of Alphabet by 44.1% during the fourth quarter. Greatmark Investment Partners Inc. now owns 7,104 shares of the information services provider’s stock worth $1,353,000 after purchasing an additional 2,175 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Price Performance

GOOG stock opened at $167.62 on Friday. The company has a 50 day simple moving average of $187.41 and a 200 day simple moving average of $177.92. The stock has a market cap of $2.04 trillion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 1 year low of $141.13 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.

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%. Research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is currently 9.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GOOG shares. Wedbush reissued an “outperform” rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Oppenheimer raised their price objective 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 restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Scotiabank raised their price objective on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $209.13.

Insider Activity

In other news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares of the company’s stock, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the sale, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at approximately $4,085,531.55. This trade represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,882 shares of company stock valued at $17,934,130. Insiders own 12.99% of the company’s stock.

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.