6,779 Shares in Alphabet Inc. (NASDAQ:GOOG) Bought by Fiduciary Family Office LLC

Key Points

• Fiduciary Family Office LLC purchased 6,779 shares of Alphabet Inc. (NASDAQ:GOOG), valued at approximately $1,059,000, during the first quarter.
• Alphabet recently reported quarterly earnings of $2.31 per share, exceeding analyst estimates, and achieved a revenue of $96.43 billion, reflecting a year-over-year increase of 13.8%.
• The company announced a quarterly dividend of $0.21, payable on September 15th, with an annualized yield of 0.4% and a low payout ratio of 8.95%.

Fiduciary Family Office LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,779 shares of the information services provider's stock, valued at approximately $1,059,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Alphabet by 5.6% in the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after acquiring an additional 6,410 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of Alphabet by 4.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 506,535 shares of the information services provider's stock worth $96,465,000 after buying an additional 20,855 shares during the period. LSV Asset Management acquired a new stake in shares of Alphabet during the fourth quarter worth about $27,000. Family Office Research LLC acquired a new stake in shares of Alphabet during the fourth quarter worth about $214,000. Finally, Eley Financial Management Inc boosted its stake in shares of Alphabet by 1.0% during the fourth quarter. Eley Financial Management Inc now owns 24,591 shares of the information services provider's stock worth $4,683,000 after buying an additional 245 shares during the period. Institutional investors and hedge funds own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GOOG shares. Roth Capital reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Pivotal Research increased their target price on shares of Alphabet from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Citigroup reiterated a "sell" rating on shares of Alphabet in a research note on Wednesday, April 23rd. Barclays restated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Finally, Scotiabank raised their price objective on shares of Alphabet from $200.00 to $240.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 22nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and five have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $215.19.

Alphabet Trading Up 2.4%

Shares of GOOG opened at $202.11 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a 50 day simple moving average of $181.90 and a 200-day simple moving average of $174.70. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The stock has a market cap of $2.44 trillion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 1.31 and a beta of 1.02.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business had revenue of $96.43 billion during the quarter, compared to analysts' expectations of $93.67 billion. During the same period last year, the company posted $1.89 EPS. The company's revenue was up 13.8% on a year-over-year basis. Equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet's payout ratio is presently 8.95%.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 400 shares of Alphabet stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $181.98, for a total value of $72,792.00. Following the completion of the sale, the director directly owned 6,013 shares of the company's stock, valued at approximately $1,094,245.74. The trade was a 6.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the sale, the insider directly owned 42,999 shares of the company's stock, valued at $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 273,219 shares of company stock valued at $49,474,273 over the last quarter. 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.

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