Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Boosted by Mission Creek Capital Partners Inc.

Mission Creek Capital Partners Inc. lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,459 shares of the information services provider's stock after buying an additional 2,040 shares during the period. Alphabet accounts for approximately 2.0% of Mission Creek Capital Partners Inc.'s holdings, making the stock its 9th biggest position. Mission Creek Capital Partners Inc.'s holdings in Alphabet were worth $10,181,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet in the 4th quarter worth approximately $27,000. LSV Asset Management bought a new stake in Alphabet during the fourth quarter worth approximately $27,000. WealthTrak Capital Management LLC bought a new stake in Alphabet during the fourth quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. acquired a new position in Alphabet in the fourth quarter worth approximately $39,000. Finally, Noble Wealth Management PBC bought a new position in shares of Alphabet in the fourth quarter valued at $43,000. Institutional investors own 27.26% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ GOOG traded up $2.18 during trading hours on Thursday, reaching $163.07. 10,725,579 shares of the stock were exchanged, compared to its average volume of 21,283,293. The firm has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 1.34 and a beta of 1.04. The stock's fifty day simple moving average is $162.85 and its 200 day simple moving average is $177.12. 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 52 week low of $142.66 and a 52 week high of $208.70.

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

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a $0.21 dividend. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.52%. Alphabet's dividend payout ratio (DPR) is presently 9.36%.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 200 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares of the company's stock, valued at $1,293,285.89. This represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the transaction, the chief accounting officer now owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. This trade represents a 4.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 148,053 shares of company stock worth $25,339,647 in the last ninety days. 12.99% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GOOG shares. Scotiabank decreased their price target on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Citizens Jmp cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Westpark Capital restated a "buy" rating and set a $210.00 price target on shares of Alphabet in a report on Friday, April 25th. UBS Group reduced their price target on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Rosenblatt Securities upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $203.94.

About Alphabet

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.