Alphabet Inc. (NASDAQ:GOOG) is Oxbow Advisors LLC’s 6th Largest Position

Oxbow Advisors LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 7.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 145,205 shares of the information services provider’s stock after purchasing an additional 9,624 shares during the period. Alphabet accounts for 3.3% of Oxbow Advisors LLC’s investment portfolio, making the stock its 6th largest position. Oxbow Advisors LLC’s holdings in Alphabet were worth $27,653,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in GOOG. Swedbank AB grew its position in shares of 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 purchasing an additional 51,226 shares in the last quarter. Ellis Investment Partners LLC grew its position in Alphabet by 10.0% during the third quarter. Ellis Investment Partners LLC now owns 41,119 shares of the information services provider’s stock worth $6,875,000 after buying an additional 3,737 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in Alphabet by 8.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 116,039 shares of the information services provider’s stock worth $19,401,000 after acquiring an additional 9,118 shares during the last quarter. OMNI 360 Wealth Inc. increased its stake in Alphabet by 5.7% in the 3rd quarter. OMNI 360 Wealth Inc. now owns 4,851 shares of the information services provider’s stock worth $811,000 after acquiring an additional 262 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. raised its holdings in shares of Alphabet by 0.4% in the 3rd quarter. Sterling Investment Advisors Ltd. now owns 18,921 shares of the information services provider’s stock valued at $3,163,000 after acquiring an additional 71 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $177.37 on Wednesday. The company has a market capitalization of $2.16 trillion, a P/E ratio of 22.03, a PEG ratio of 1.34 and a beta of 1.00. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a 50 day moving average price of $193.29 and a two-hundred day moving average price of $177.66.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results 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 expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Buying and Selling

In other Alphabet news, insider Ruth Porat sold 17,690 shares of the stock in a transaction that occurred on 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 owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. This trade represents a 1.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were 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 $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. Insiders have sold 134,299 shares of company stock valued at $25,055,751 over the last ninety days. 12.99% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several recent analyst reports. Pivotal Research boosted their price objective on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Benchmark reissued a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Scotiabank raised their price objective on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Wedbush reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. Finally, Needham & Company LLC reissued 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.