PFW Advisors LLC Acquires Shares of 4,345 Alphabet Inc. (NASDAQ:GOOG)

PFW Advisors LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 4,345 shares of the information services provider’s stock, valued at approximately $827,000.

A number of other large investors have also modified their holdings of GOOG. Courier Capital LLC grew its stake in shares of Alphabet by 1.1% during the 4th quarter. Courier Capital LLC now owns 91,259 shares of the information services provider’s stock worth $17,379,000 after purchasing an additional 966 shares during the period. Miracle Mile Advisors LLC increased its stake in shares of Alphabet by 48.1% during the 4th quarter. Miracle Mile Advisors LLC now owns 292,304 shares of the information services provider’s stock worth $55,666,000 after purchasing an additional 94,962 shares in the last quarter. Sunflower Bank N.A. increased its position in Alphabet by 8.4% during the fourth quarter. Sunflower Bank N.A. now owns 11,417 shares of the information services provider’s stock worth $2,174,000 after buying an additional 884 shares in the last quarter. Burns J W & Co. Inc. NY increased its position in Alphabet by 0.5% during the 4th quarter. Burns J W & Co. Inc. NY now owns 140,430 shares of the information services provider’s stock worth $26,743,000 after purchasing an additional 643 shares in the last quarter. Finally, Heritage Wealth Partners LLC lifted its holdings in Alphabet by 30.3% in the 4th quarter. Heritage Wealth Partners LLC now owns 5,881 shares of the information services provider’s stock valued at $1,120,000 after purchasing an additional 1,369 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GOOG has been the subject of a number of recent research reports. Citigroup lifted their price target on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Pivotal Research increased their price target on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Phillip Securities raised Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Finally, Oppenheimer increased their target price on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $200.56.

Alphabet Trading Down 0.5 %

Shares of GOOG stock opened at $192.29 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $202.88. The firm’s 50 day moving average price is $184.55 and its two-hundred day moving average price is $174.49. The stock has a market cap of $2.35 trillion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 earnings per share. On average, analysts anticipate that Alphabet Inc. will post 8.02 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. Alphabet’s dividend payout ratio is currently 10.61%.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the transaction, the director now directly owns 21,824 shares of the company’s stock, valued at $4,142,195.20. This represents a 6.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction that occurred 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 directly owns 20,681 shares of the company’s stock, valued at $4,085,531.55. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 153,053 shares of company stock valued at $27,559,701. Corporate insiders own 12.99% of the company’s stock.

Alphabet Company 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.