Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Winch Advisory Services LLC

Winch Advisory Services LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 65,288 shares of the information services provider’s stock after purchasing an additional 231 shares during the quarter. Alphabet comprises approximately 3.2% of Winch Advisory Services LLC’s holdings, making the stock its 12th biggest position. Winch Advisory Services LLC’s holdings in Alphabet were worth $12,433,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Rovin Capital UT ADV increased its holdings in shares of Alphabet by 23.4% during the 4th quarter. Rovin Capital UT ADV now owns 2,908 shares of the information services provider’s stock valued at $554,000 after purchasing an additional 551 shares in the last quarter. Stolper Co grew its position in Alphabet by 0.6% during the fourth quarter. Stolper Co now owns 50,089 shares of the information services provider’s stock valued at $9,539,000 after buying an additional 300 shares during the period. ERn Financial LLC increased its holdings in Alphabet by 8.9% in the fourth quarter. ERn Financial LLC now owns 4,270 shares of the information services provider’s stock valued at $813,000 after buying an additional 349 shares in the last quarter. BluePath Capital Management LLC raised its position in shares of Alphabet by 37.5% in the fourth quarter. BluePath Capital Management LLC now owns 1,988 shares of the information services provider’s stock worth $382,000 after acquiring an additional 542 shares during the period. Finally, HCR Wealth Advisors boosted its stake in shares of Alphabet by 2.0% during the 4th quarter. HCR Wealth Advisors now owns 22,664 shares of the information services provider’s stock worth $4,316,000 after acquiring an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the sale, the chief accounting officer now directly owns 17,847 shares in the company, valued at $3,468,029.04. This trade represents a 13.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the completion of the sale, the director now directly owns 330,466 shares in the company, valued at $59,741,643.48. This trade represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock valued at $24,368,654 over the last quarter. 12.99% of the stock is owned by insiders.

Alphabet Stock Up 1.6 %

Shares of GOOG opened at $197.55 on Friday. The stock has a fifty day simple moving average of $185.56 and a two-hundred day simple moving average of $174.84. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.42 trillion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.21 and a beta of 0.99. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $202.88.

Alphabet (NASDAQ:GOOG) last issued its earnings results 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. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. Alphabet’s quarterly revenue was up 15.1% compared to the same quarter last year. As a group, equities analysts forecast that Alphabet Inc. will post 8.03 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a $0.20 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.40%. Alphabet’s payout ratio is 10.61%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Jefferies Financial Group upped their price target on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Barclays lifted their price target on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.56.

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.