4,140 Shares in Alphabet Inc. (NASDAQ:GOOG) Purchased by Cypress Advisory Group LLC

Cypress Advisory Group LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,140 shares of the information services provider's stock, valued at approximately $788,000.

Several other large investors also recently bought and sold shares of GOOG. Davidson Kahn Capital Management LLC purchased a new stake in shares of Alphabet during the fourth quarter worth about $323,000. FAS Wealth Partners Inc. grew its stake in Alphabet by 9.9% during the 4th quarter. FAS Wealth Partners Inc. now owns 50,316 shares of the information services provider's stock valued at $9,582,000 after purchasing an additional 4,521 shares in the last quarter. Eagle Strategies LLC increased its holdings in Alphabet by 19.7% during the 4th quarter. Eagle Strategies LLC now owns 10,774 shares of the information services provider's stock worth $2,052,000 after purchasing an additional 1,771 shares during the last quarter. Westbourne Investments Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $2,992,000. Finally, Wise Wealth Partners purchased a new position in shares of Alphabet during the 4th quarter valued at approximately $279,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Insiders Place Their Bets

In related 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 value of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares of the company's stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $156.16, for a total transaction of $5,075,200.00. Following the completion of the transaction, the chief executive officer now owns 2,685,196 shares of the company's stock, valued at $419,320,207.36. This represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,164 shares of company stock worth $25,357,390. 12.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. KeyCorp dropped their price target on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Benchmark reissued a "negative" rating on shares of Alphabet in a research report on Wednesday, February 5th. Tigress Financial reaffirmed a "strong-buy" rating on shares of Alphabet in a research report on Friday. UBS Group lowered their price objective on Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $171.00 target price on shares of Alphabet in a report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $203.94.

Alphabet Stock Performance

Shares of Alphabet stock traded up $3.02 during trading on Friday, hitting $165.81. 16,826,135 shares of the stock were exchanged, compared to its average volume of 19,189,025. 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 Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The stock's fifty day moving average is $162.25 and its 200 day moving average is $177.09. The stock has a market cap of $2.02 trillion, a PE ratio of 20.60, a P/E/G ratio of 1.34 and a beta of 1.04.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $90.23 billion during the quarter, compared to analysts' expectations of $89.30 billion. During the same quarter in the prior year, the firm earned $1.89 EPS. Alphabet's quarterly revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 0.51%. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is presently 9.36%.

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.