By otakuyassine3@gmail.com 
Hudock Inc. increased its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 8.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,102 shares of the information services provider’s stock after purchasing an additional 314 shares during the quarter. Hudock Inc.’s holdings in Alphabet were worth $781,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. MGB Wealth Management LLC lifted its stake in shares of Alphabet by 60.6% in the 4th quarter. MGB Wealth Management LLC now owns 1,494 shares of the information services provider’s stock valued at $287,000 after purchasing an additional 564 shares during the period. Morris Financial Concepts Inc. lifted its stake in shares of Alphabet by 20.8% in the 4th quarter. Morris Financial Concepts Inc. now owns 580 shares of the information services provider’s stock valued at $110,000 after purchasing an additional 100 shares during the period. Hemington Wealth Management lifted its stake in shares of Alphabet by 5.5% in the 4th quarter. Hemington Wealth Management now owns 8,339 shares of the information services provider’s stock valued at $1,588,000 after purchasing an additional 431 shares during the period. Park Capital Management LLC WI purchased a new position in Alphabet during the fourth quarter valued at $613,000. Finally, Grace & White Inc. NY purchased a new position in Alphabet during the fourth quarter valued at $202,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.
Alphabet Stock Performance
Shares of GOOG opened at $186.87 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.95. Alphabet Inc. has a one year low of $131.55 and a one year high of $208.70. The firm has a market capitalization of $2.29 trillion, a P/E ratio of 23.21, a PEG ratio of 1.39 and a beta of 1.00. The business has a fifty day moving average of $194.37 and a 200 day moving average of $176.69.
Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio is presently 9.94%.
Analysts Set New Price Targets
GOOG has been the subject of a number of recent research reports. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Barclays lifted their price objective on 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. lifted their price objective on Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Canaccord Genuity Group lifted their price objective on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.
Read Our Latest Analysis on GOOG
Insider Buying and Selling at Alphabet
In other news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the transaction, the chief accounting officer now directly owns 23,515 shares in the company, valued at $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total value of $3,975,075.00. Following the completion of the transaction, the chief executive officer now owns 2,061,806 shares in the company, valued at $364,259,266.02. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,529 shares of company stock valued at $16,600,078. Company 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.
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