Fielder Capital Group LLC Takes $795,000 Position in Alphabet Inc. (NASDAQ:GOOG)

Fielder Capital Group LLC bought a new position in Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,642 shares of the information services provider’s stock, valued at approximately $795,000.

A number of other institutional investors have also bought and sold shares of GOOG. Bruce G. Allen Investments LLC purchased a new position in Alphabet during the fourth quarter valued at $26,000. Tandem Wealth Advisors LLC bought a new position in shares of Alphabet during the 3rd quarter valued at about $25,000. Equitec Proprietary Markets LLC purchased a new position in shares of Alphabet during the fourth quarter valued at about $28,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Alphabet in the fourth quarter worth about $32,000. Finally, Buck Wealth Strategies LLC purchased a new stake in shares of Alphabet in the third quarter worth about $32,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total value of $3,753,000.00. Following the transaction, the chief executive officer now owns 2,280,511 shares of the company’s stock, valued at approximately $380,389,234.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, Director John L. Hennessy sold 300 shares of Alphabet stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total transaction of $41,853.00. Following the completion of the sale, the director now directly owns 9,291 shares of the company’s stock, valued at approximately $1,296,187.41. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total value of $3,753,000.00. Following the transaction, the chief executive officer now directly owns 2,280,511 shares in the company, valued at approximately $380,389,234.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 275,129 shares of company stock worth $40,382,765. 12.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Alphabet Trading Up 0.5 %

Shares of Alphabet stock traded up $0.84 during trading on Monday, hitting $169.83. The stock had a trading volume of 15,132,966 shares, compared to its average volume of 22,754,559. Alphabet Inc. has a 12 month low of $105.79 and a 12 month high of $176.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The firm’s fifty day simple moving average is $152.08 and its 200-day simple moving average is $143.95. The stock has a market cap of $2.10 trillion, a PE ratio of 26.05, a PEG ratio of 1.26 and a beta of 1.02.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion during the quarter, compared to analyst estimates of $78.75 billion. During the same quarter in the previous year, the business earned $1.17 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, sell-side analysts expect that Alphabet Inc. will post 7.66 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th.

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.