Boston Family Office LLC Has $39.70 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Boston Family Office LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 208,453 shares of the information services provider’s stock after selling 896 shares during the period. Alphabet accounts for approximately 2.7% of Boston Family Office LLC’s investment portfolio, making the stock its 5th biggest holding. Boston Family Office LLC’s holdings in Alphabet were worth $39,698,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Alphabet by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 104,777,092 shares of the information services provider’s stock valued at $19,894,651,000 after acquiring an additional 1,219,606 shares in the last quarter. National Wealth Management Group LLC boosted its holdings in Alphabet by 16.3% in the 4th quarter. National Wealth Management Group LLC now owns 1,460 shares of the information services provider’s stock valued at $278,000 after purchasing an additional 205 shares during the period. Nemes Rush Group LLC grew its position in shares of Alphabet by 12.4% during the 4th quarter. Nemes Rush Group LLC now owns 14,281 shares of the information services provider’s stock worth $2,720,000 after purchasing an additional 1,571 shares in the last quarter. StoneX Group Inc. increased its holdings in shares of Alphabet by 35.9% during the fourth quarter. StoneX Group Inc. now owns 29,210 shares of the information services provider’s stock worth $5,563,000 after purchasing an additional 7,719 shares during the period. Finally, Gibson Capital LLC bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $198,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ:GOOG opened at $156.23 on Tuesday. The stock’s 50-day moving average is $180.70 and its 200-day moving average is $178.70. Alphabet Inc. has a 1-year low of $148.20 and a 1-year high of $208.70. 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 $1.90 trillion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Scotiabank raised their price objective on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Rosenblatt Securities restated a “neutral” rating on shares of Alphabet in a research report on Wednesday, March 19th. Oppenheimer upped their price objective 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. Wedbush reiterated an “outperform” rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Finally, Needham & Company LLC restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $208.56.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now directly owns 7,813 shares of the company’s stock, valued at $1,293,285.89. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 11,764 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the sale, the insider now directly owns 49,037 shares of the company’s stock, valued at $8,181,333.08. This represents a 19.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,992 shares of company stock valued at $16,093,773. 12.99% of the stock is currently owned by company insiders.

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.