3,381 Shares in Alphabet Inc. (NASDAQ:GOOG) Acquired by Blue Rock Wealth Management LLC

Blue Rock Wealth Management LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,381 shares of the information services provider's stock, valued at approximately $644,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Principal Financial Group Inc. lifted its position in shares of Alphabet by 2.5% in the third quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider's stock valued at $1,843,149,000 after buying an additional 264,962 shares during the last quarter. Morse Asset Management Inc acquired a new stake in Alphabet during the 3rd quarter valued at $166,000. McIlrath & Eck LLC boosted its position in Alphabet by 12.9% during the third quarter. McIlrath & Eck LLC now owns 13,575 shares of the information services provider's stock worth $2,270,000 after purchasing an additional 1,546 shares during the period. Passumpsic Savings Bank acquired a new position in shares of Alphabet in the third quarter valued at $263,000. Finally, Advisory Resource Group raised its position in shares of Alphabet by 8.7% in the third quarter. Advisory Resource Group now owns 10,277 shares of the information services provider's stock valued at $1,718,000 after purchasing an additional 822 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Oppenheimer upped their price target on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Citigroup reiterated a "sell" rating on shares of Alphabet in a research note on Wednesday, April 23rd. Needham & Company LLC lowered Alphabet from a "buy" rating to a "cautious" rating in a report on Friday. The Goldman Sachs Group reissued a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Tigress Financial restated a "strong-buy" rating on shares of Alphabet in a research note on Friday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $203.94.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. This represents a 1.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the sale, the insider now directly owns 1,449,286 shares of the company's stock, valued at $265,914,995.28. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,164 shares of company stock worth $25,357,390. 12.99% of the stock is owned by company insiders.

Alphabet Stock Performance

GOOG traded up $3.02 during midday trading on Friday, reaching $165.81. The company had a trading volume of 16,826,135 shares, compared to its average volume of 19,189,025. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The business has a 50-day moving average price of $162.25 and a two-hundred day moving average price of $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. 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 (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The business had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the company earned $1.89 earnings per share. Alphabet's revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be given a $0.21 dividend. The ex-dividend date is Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.51%. Alphabet's payout ratio is 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.