4WEALTH Advisors Inc. Takes Position in Alphabet Inc. (NASDAQ:GOOG)

4WEALTH Advisors Inc. acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,167 shares of the information services provider's stock, valued at approximately $794,000.

A number of other hedge funds have also bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet during the 4th quarter valued at $27,000. LSV Asset Management bought a new position in shares of Alphabet during the 4th quarter worth about $27,000. WealthTrak Capital Management LLC bought a new position in shares of Alphabet during the 4th quarter worth about $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet in the 4th quarter valued at about $39,000. Finally, Noble Wealth Management PBC bought a new stake in Alphabet in the 4th quarter valued at about $43,000. Institutional investors own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Morgan Stanley reissued an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. Tigress Financial restated a "strong-buy" rating on shares of Alphabet in a research note on Friday. Rosenblatt Securities upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Cantor Fitzgerald reissued a "neutral" rating and set a $171.00 target price on shares of Alphabet in a research report on Friday, April 25th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $203.94.

Alphabet Stock Performance

Shares of GOOG stock traded up $3.02 during trading on Friday, reaching $165.81. 16,826,135 shares of the company's stock traded hands, compared to its average volume of 19,174,655. The company has a market capitalization of $2.01 trillion, a P/E ratio of 20.60, a PEG ratio of 1.34 and a beta of 1.01. 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 firm's 50-day moving average is $162.25 and its 200 day moving average is $177.16. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business had revenue of $90.23 billion for the quarter, compared to analysts' expectations of $89.30 billion. During the same quarter in the previous year, the firm posted $1.89 EPS. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

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

Insider Activity

In related news, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares in the company, valued at $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 148,164 shares of company stock worth $25,357,390 over the last ninety days. Company insiders own 12.99% of the company's stock.

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.