Consolidated Portfolio Review Corp Grows Position in Alphabet Inc. (NASDAQ:GOOG)

Consolidated Portfolio Review Corp boosted its stake in Alphabet Inc. (NASDAQ:GOOG) by 51.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,214 shares of the information services provider’s stock after purchasing an additional 4,132 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Alphabet were worth $2,326,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Citrine Capital LLC acquired a new position in Alphabet during the fourth quarter valued at approximately $606,000. GHP Investment Advisors Inc. lifted its position in Alphabet by 1.0% during the fourth quarter. GHP Investment Advisors Inc. now owns 115,968 shares of the information services provider’s stock valued at $22,085,000 after buying an additional 1,110 shares in the last quarter. Oakworth Capital Inc. lifted its position in Alphabet by 0.8% during the fourth quarter. Oakworth Capital Inc. now owns 179,492 shares of the information services provider’s stock valued at $34,182,000 after buying an additional 1,415 shares in the last quarter. McHugh Group LLC acquired a new position in Alphabet during the fourth quarter valued at approximately $2,907,000. Finally, Silver Oak Securities Incorporated lifted its position in Alphabet by 5.9% during the fourth quarter. Silver Oak Securities Incorporated now owns 11,358 shares of the information services provider’s stock valued at $2,189,000 after buying an additional 628 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on GOOG. Citigroup boosted their target price on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Oppenheimer boosted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. UBS Group boosted their target price on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price 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, Scotiabank boosted their target price on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $209.13.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $176.67, for a total transaction of $3,975,075.00. Following the transaction, the chief executive officer now owns 2,061,806 shares of the company’s stock, valued at $364,259,266.02. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,529 shares of company stock worth $16,600,078. Insiders own 12.99% of the company’s stock.

Alphabet Stock Up 0.6 %

GOOG stock opened at $188.20 on Tuesday. 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 1-year low of $131.55 and a 1-year high of $208.70. The firm has a fifty day moving average price of $193.12 and a two-hundred day moving average price of $176.14. The firm has a market cap of $2.30 trillion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.39 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Research analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.43%. Alphabet’s payout ratio is 9.94%.

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.