Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Raised by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 202,412 shares of the information services provider's stock after acquiring an additional 2,202 shares during the period. Alphabet makes up approximately 1.2% of Snowden Capital Advisors LLC's holdings, making the stock its 10th largest holding. Snowden Capital Advisors LLC's holdings in Alphabet were worth $38,547,000 at the end of the most recent reporting period.

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

Alphabet Stock Performance

Shares of GOOG stock opened at $165.40 on Friday. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The business has a 50 day simple moving average of $160.16 and a 200 day simple moving average of $176.77.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly 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 company had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a $0.21 dividend. 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 dividend payout ratio is presently 9.36%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GOOG. Citigroup reissued a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. Needham & Company LLC lowered shares of Alphabet from a "buy" rating to a "cautious" rating in a report on Friday, May 2nd. Oppenheimer boosted their target price on shares of Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Wedbush reiterated an "outperform" rating and issued a $220.00 price target on shares of Alphabet in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $203.94.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 17,690 shares of the company's 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 completion of the sale, the insider now directly owns 43,111 shares of the company's stock, valued at approximately $7,997,521.61. This represents a 29.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 2,824 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total transaction of $529,302.32. Following the transaction, the chief accounting officer now owns 15,024 shares of the company's stock, valued at approximately $2,815,948.32. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 179,324 shares of company stock worth $30,153,353 over the last three months. Corporate insiders own 12.99% of the company's stock.

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.

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