Ewa LLC Purchases 917 Shares of Alphabet Inc. (NASDAQ:GOOG)

Ewa LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 26.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,345 shares of the information services provider’s stock after purchasing an additional 917 shares during the period. Ewa LLC’s holdings in Alphabet were worth $624,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new position in Alphabet in the 4th quarter valued at about $26,000. Tandem Wealth Advisors LLC acquired a new position in shares of Alphabet in the third quarter valued at approximately $25,000. Equitec Proprietary Markets LLC bought a new position in shares of Alphabet during the fourth quarter worth approximately $28,000. Buck Wealth Strategies LLC acquired a new stake in Alphabet during the 3rd quarter worth approximately $32,000. Finally, Barometer Capital Management Inc. bought a new stake in Alphabet in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the transaction, the senior vice president now owns 144,685 shares in the company, valued at approximately $22,566,519.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Alphabet news, Director John L. Hennessy sold 2,100 shares of Alphabet stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now directly owns 5,891 shares of the company’s stock, valued at approximately $1,035,402.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. Insiders have sold a total of 253,289 shares of company stock valued at $36,724,534 over the last ninety days. 12.99% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on GOOG shares. Stifel Nicolaus increased their price objective on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Raymond James boosted their price target on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Oppenheimer upped their target price on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Susquehanna upped their price objective on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and a consensus price target of $165.67.

Alphabet Price Performance

Alphabet stock opened at $164.64 on Wednesday. The stock has a 50-day moving average price of $150.09 and a two-hundred day moving average price of $143.16. Alphabet Inc. has a 12 month low of $104.50 and a 12 month high of $176.42. The company has a market capitalization of $2.05 trillion, a PE ratio of 25.25, a P/E/G ratio of 1.31 and a beta of 1.05. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.38. The company had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. Alphabet’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Analysts expect that Alphabet Inc. will post 7.46 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th.

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.