Dunhill Financial LLC Increases Holdings in Alphabet Inc. (NASDAQ:GOOG)

Dunhill Financial LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 17.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,654 shares of the information services provider's stock after buying an additional 1,838 shares during the period. Alphabet makes up approximately 1.1% of Dunhill Financial LLC's portfolio, making the stock its 17th biggest holding. Dunhill Financial LLC's holdings in Alphabet were worth $2,410,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. GPS Wealth Strategies Group LLC increased its holdings in Alphabet by 6.8% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider's stock worth $3,094,000 after buying an additional 1,041 shares during the last quarter. Harvest Investment Services LLC grew its position in shares of Alphabet by 3.3% during the 4th quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider's stock valued at $824,000 after acquiring an additional 138 shares during the period. North Forty Two & Co. purchased a new stake in shares of Alphabet during the 4th quarter worth approximately $281,000. SageView Advisory Group LLC raised its holdings in shares of Alphabet by 140.6% in the 4th quarter. SageView Advisory Group LLC now owns 14,734 shares of the information services provider's stock worth $2,806,000 after purchasing an additional 8,610 shares during the period. Finally, Requisite Capital Management LLC purchased a new position in Alphabet in the fourth quarter valued at approximately $927,000. 27.26% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of GOOG traded down $1.37 during midday trading on Friday, reaching $154.38. The stock had a trading volume of 22,820,181 shares, compared to its average volume of 19,511,566. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth 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. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The company's 50-day moving average is $160.96 and its 200 day moving average is $176.85.

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

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued 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 dividend yield of 0.54%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is currently 9.36%.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the transaction, the chief accounting officer now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 17,690 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total value of $3,281,671.90. Following the sale, the insider now owns 43,111 shares of the company's stock, valued at $7,997,521.61. This represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 179,324 shares of company stock worth $30,153,353 in the last 90 days. 12.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GOOG shares. Rosenblatt Securities raised Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. The Goldman Sachs Group reissued a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Benchmark reaffirmed a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Morgan Stanley reiterated an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Westpark Capital reissued a "buy" rating and issued a $210.00 price target on shares of Alphabet in a research report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $203.94.

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.