1,975 Shares in Alphabet Inc. (NASDAQ:GOOG) Acquired by ARQ Wealth Advisors LLC

ARQ Wealth Advisors LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,975 shares of the information services provider’s stock, valued at approximately $278,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Partnership Wealth Management LLC bought a new position in shares of Alphabet during the 4th quarter valued at $26,000. Bruce G. Allen Investments LLC bought a new position in shares of Alphabet during the 4th quarter valued at $26,000. Equitec Proprietary Markets LLC bought a new position in shares of Alphabet during the 4th quarter valued at $28,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Alphabet during the 4th quarter valued at $32,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in shares of Alphabet during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Activity

In related news, Director John L. Hennessy sold 500 shares of Alphabet stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $149.50, for a total transaction of $74,750.00. Following the completion of the transaction, the director now directly owns 8,791 shares of the company’s stock, valued at approximately $1,314,254.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John L. Hennessy sold 500 shares of Alphabet stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $149.50, for a total transaction of $74,750.00. Following the completion of the transaction, the director now directly owns 8,791 shares of the company’s stock, valued at approximately $1,314,254.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the transaction, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 158,958 shares of company stock worth $25,805,853. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Oppenheimer lifted their target price on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Stifel Nicolaus raised their price target on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Morgan Stanley restated an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alphabet has an average rating of “Buy” and a consensus target price of $165.67.

Alphabet Price Performance

Shares of Alphabet stock traded up $1.63 during trading on Friday, hitting $178.37. 12,361,571 shares of the company’s stock traded hands, compared to its average volume of 15,698,730. 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 moving average price is $169.66 and its 200 day moving average price is $152.30. Alphabet Inc. has a twelve month low of $115.83 and a twelve month high of $182.08. The company has a market cap of $2.20 trillion, a PE ratio of 27.36, a PEG ratio of 1.31 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. During the same period in the previous year, the business earned $1.17 EPS. The firm’s revenue was up 15.4% on a year-over-year basis. Analysts forecast that Alphabet Inc. will post 7.69 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced 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’s dividend payout ratio (DPR) is currently 12.27%.

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.