4,491 Shares in Alphabet Inc. (NASDAQ:GOOG) Acquired by Breakthru Advisory Services LLC

Breakthru Advisory Services LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,491 shares of the information services provider's stock, valued at approximately $855,000. Alphabet makes up approximately 0.8% of Breakthru Advisory Services LLC's investment portfolio, making the stock its 17th largest position.

A number of other hedge funds have also modified their holdings of GOOG. Regent Peak Wealth Advisors LLC lifted its stake in Alphabet by 0.6% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 17,606 shares of the information services provider's stock worth $3,353,000 after purchasing an additional 108 shares during the period. Cassaday & Co Wealth Management LLC increased its holdings in shares of Alphabet by 9.3% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 28,044 shares of the information services provider's stock valued at $5,341,000 after purchasing an additional 2,390 shares in the last quarter. Corundum Group Inc. increased its holdings in shares of Alphabet by 26.1% in the fourth quarter. Corundum Group Inc. now owns 10,307 shares of the information services provider's stock valued at $1,963,000 after purchasing an additional 2,133 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Alphabet by 5.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 238,750 shares of the information services provider's stock valued at $45,468,000 after purchasing an additional 11,714 shares in the last quarter. Finally, Zhang Financial LLC increased its holdings in shares of Alphabet by 6.5% in the fourth quarter. Zhang Financial LLC now owns 14,466 shares of the information services provider's stock valued at $2,755,000 after purchasing an additional 883 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on GOOG shares. Scotiabank cut their price objective on shares of Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Citigroup reissued a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Susquehanna restated a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. upped their price objective on Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating 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 issued a buy rating and five have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $203.94.

Alphabet Stock Performance

Alphabet stock traded up $3.55 during mid-day trading on Tuesday, reaching $173.14. The company's stock had a trading volume of 12,485,344 shares, compared to its average volume of 20,089,840. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The company has a market capitalization of $2.10 trillion, a P/E ratio of 21.51, a PEG ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm's fifty day moving average price is $160.54 and its two-hundred day moving average price is $176.49.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the previous year, the business earned $1.89 EPS. The business's revenue for the quarter was up 12.0% on a year-over-year basis. Sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.49%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet's dividend payout ratio is presently 9.36%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm'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 completion of the transaction, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 1,374 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the sale, the chief accounting officer now owns 15,024 shares in the company, valued at approximately $2,606,213.28. The trade was a 8.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,654 shares of company stock worth $26,793,380 over the last three months. Company insiders own 12.99% of the company's stock.

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.