Capital Advantage Inc. Acquires Shares of 2,038 Alphabet Inc. (NASDAQ:GOOG)

Capital Advantage Inc. acquired a new position in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,038 shares of the information services provider's stock, valued at approximately $388,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the 4th quarter valued at $27,000. LSV Asset Management acquired a new stake in Alphabet during the fourth quarter valued at $27,000. WealthTrak Capital Management LLC purchased a new position in Alphabet in the fourth quarter valued at about $38,000. Mountain Hill Investment Partners Corp. acquired a new position in Alphabet in the 4th quarter worth about $39,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Alphabet during the 4th quarter valued at about $43,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on GOOG. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a report on Wednesday, February 5th. Westpark Capital restated a "buy" rating and set a $210.00 target price on shares of Alphabet in a report on Friday, April 25th. Susquehanna reissued a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. UBS Group decreased their price objective on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Needham & Company LLC cut shares of Alphabet from a "buy" rating to a "cautious" rating in a report on Friday, May 2nd. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $203.94.

Alphabet Price Performance

Alphabet stock traded up $2.95 during mid-day trading on Thursday, hitting $155.75. 38,308,957 shares of the company were exchanged, compared to its average volume of 19,467,820. The business has a fifty day moving average of $161.59 and a 200 day moving average of $177.00. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The company has a market capitalization of $1.89 trillion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $90.23 billion for the quarter, compared to analysts' expectations of $89.30 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. The company's quarterly revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared 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. This represents a $0.84 dividend on an annualized basis and a yield of 0.54%. This is a boost from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet's dividend payout ratio (DPR) is currently 9.36%.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O'toole sold 2,824 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total value of $529,302.32. Following the completion of the transaction, the chief accounting officer now directly owns 15,024 shares of the company's stock, valued at approximately $2,815,948.32. The trade was a 15.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 17,690 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the sale, the insider now directly owns 43,111 shares in the company, valued at $7,997,521.61. This trade represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,824 shares of company stock valued at $25,086,603. 12.99% of the stock is currently owned by corporate insiders.

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.