5,636 Shares in Alphabet Inc. (NASDAQ:GOOG) Bought by Advyzon Investment Management LLC

Advyzon Investment Management LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, Holdings Channel.com reports. The fund bought 5,636 shares of the information services provider’s stock, valued at approximately $1,073,000.

Several other hedge funds have also added to or reduced their stakes in GOOG. Handelsbanken Fonder AB lifted its position in Alphabet by 10.4% in the 4th quarter. Handelsbanken Fonder AB now owns 2,902,642 shares of the information services provider’s stock valued at $552,779,000 after acquiring an additional 274,466 shares in the last quarter. Wealth Alliance grew its stake in Alphabet by 3.6% in the fourth quarter. Wealth Alliance now owns 19,253 shares of the information services provider’s stock valued at $3,666,000 after purchasing an additional 661 shares in the last quarter. Sunpointe LLC grew its stake in shares of Alphabet by 8.8% in the fourth quarter. Sunpointe LLC now owns 8,445 shares of the information services provider’s stock valued at $1,608,000 after buying an additional 681 shares in the last quarter. LMG Wealth Partners LLC raised its holdings in shares of Alphabet by 0.5% in the 4th quarter. LMG Wealth Partners LLC now owns 14,185 shares of the information services provider’s stock valued at $2,701,000 after purchasing an additional 64 shares during the period. Finally, Corps Capital Advisors LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $663,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the sale, the chief accounting officer now directly owns 23,515 shares in the company, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ruth Porat sold 17,690 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the sale, the insider now directly owns 1,449,286 shares of the company’s stock, valued at $265,914,995.28. This represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 134,299 shares of company stock worth $25,055,751. 12.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on GOOG. Jefferies Financial Group upped their target price on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. UBS Group upped their price target on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Pivotal Research upped their price objective on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. boosted their price target on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $209.13.

Alphabet Stock Performance

Shares of GOOG stock opened at $181.58 on Monday. Alphabet Inc. has a one year low of $131.55 and a one year high of $208.70. The company has a market capitalization of $2.21 trillion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 1.34 and a beta of 1.00. The company’s 50-day moving average is $194.02 and its 200 day moving average is $177.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOG) last released its quarterly 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 return on equity of 32.49% and a net margin of 28.60%. Sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

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.