Eagle Strategies LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,774 shares of the information services provider's stock after buying an additional 1,771 shares during the quarter. Eagle Strategies LLC's holdings in Alphabet were worth $2,052,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its stake in 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 worth $1,843,149,000 after purchasing an additional 264,962 shares in the last quarter. Morse Asset Management Inc bought a new position in Alphabet during the 3rd quarter worth $166,000. McIlrath & Eck LLC increased its holdings in shares of Alphabet by 12.9% in the 3rd quarter. McIlrath & Eck LLC now owns 13,575 shares of the information services provider's stock worth $2,270,000 after acquiring an additional 1,546 shares during the period. Passumpsic Savings Bank acquired a new stake in shares of Alphabet in the third quarter valued at approximately $263,000. Finally, Advisory Resource Group raised its stake in Alphabet by 8.7% during the 3rd quarter. Advisory Resource Group now owns 10,277 shares of the information services provider's stock valued at $1,718,000 after acquiring an additional 822 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.
Alphabet Stock Performance
Shares of GOOG stock traded up $3.02 during trading hours on Friday, reaching $165.81. 16,826,135 shares of the company's stock were exchanged, compared to its average volume of 19,189,008. The stock has a market capitalization of $2.02 trillion, a P/E ratio of 20.60, a P/E/G ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The business has a fifty day moving average price of $162.25 and a 200-day moving average price of $177.09. 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 (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter last year, the company earned $1.89 EPS. The company's quarterly revenue was up 12.0% on a year-over-year basis. Analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.
Alphabet Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 0.51%. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet's payout ratio is presently 9.36%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on GOOG shares. Oppenheimer upped their price target on shares of Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Scotiabank decreased their target price 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. UBS Group lowered their price objective on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Westpark Capital restated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and five have given a strong buy rating to the company's stock. According to MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $203.94.
Get Our Latest Analysis on GOOG
Insider Buying and Selling at Alphabet
In other Alphabet news, insider John Kent Walker sold 17,690 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the transaction, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 148,164 shares of company stock worth $25,357,390 over the last three months. Company insiders own 12.99% of the company's stock.
About Alphabet
(
Free Report)
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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