Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Barnett & Company Inc.

Barnett & Company Inc. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,160 shares of the information services provider’s stock after buying an additional 100 shares during the period. Barnett & Company Inc.’s holdings in Alphabet were worth $411,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. increased its position in shares of Alphabet by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock valued at $1,843,149,000 after purchasing an additional 264,962 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Alphabet by 7.2% during the third quarter. Advisors Asset Management Inc. now owns 13,526 shares of the information services provider’s stock worth $2,261,000 after purchasing an additional 909 shares in the last quarter. Algert Global LLC purchased a new position in Alphabet in the third quarter valued at $6,224,000. Towercrest Capital Management raised its stake in Alphabet by 3.7% in the third quarter. Towercrest Capital Management now owns 4,171 shares of the information services provider’s stock valued at $697,000 after buying an additional 150 shares in the last quarter. Finally, Truepoint Inc. lifted its holdings in Alphabet by 6.2% during the 3rd quarter. Truepoint Inc. now owns 3,017 shares of the information services provider’s stock worth $504,000 after buying an additional 177 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $166.25 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.03 trillion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.34 and a beta of 1.03. The company’s 50-day moving average price is $184.37 and its 200 day moving average price is $178.22. Alphabet Inc. has a 52 week low of $148.20 and a 52 week high of $208.70.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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, research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is presently 9.94%.

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 1,368 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at $3,961,445.55. The trade was a 6.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,048 shares of company stock valued at $17,374,274. Company insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

GOOG has been the subject of a number of research analyst reports. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Rosenblatt Securities reiterated a “neutral” rating on shares of Alphabet in a research note on Wednesday. Wedbush reissued an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $209.13.

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.