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Cache Advisors LLC Invests $15.93 Million in Alphabet Inc. (NASDAQ:GOOG)

Alphabet logo with Computer and Technology background

Cache Advisors LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 83,641 shares of the information services provider's stock, valued at approximately $15,929,000. Alphabet accounts for 6.0% of Cache Advisors LLC's portfolio, making the stock its 6th biggest position.

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

Insider Activity

In related news, CAO Amie Thuener O'toole sold 1,374 shares of Alphabet stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total transaction of $238,347.78. Following the transaction, the chief accounting officer now directly owns 15,024 shares in the company, valued at approximately $2,606,213.28. The trade was a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares of the company's stock, valued at $430,917,877.76. This represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,654 shares of company stock valued at $26,793,380 in the last quarter. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Performance

GOOG traded up $0.21 during mid-day trading on Wednesday, reaching $174.19. 10,965,621 shares of the company traded hands, compared to its average volume of 22,931,977. The company's fifty day moving average price is $160.72 and its 200-day moving average price is $176.47. The stock has a market capitalization of $2.11 trillion, a P/E ratio of 21.64, a P/E/G ratio of 1.34 and a beta of 1.01. 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 52-week low of $142.66 and a 52-week high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping 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 company had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the previous year, the company posted $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 EPS for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Monday, June 9th. Alphabet's payout ratio is currently 9.36%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush reaffirmed an "outperform" rating and issued a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. The Goldman Sachs Group reissued a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Rosenblatt Securities upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Finally, UBS Group reduced their price objective on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and five have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $203.94.

View Our Latest Stock Analysis on Alphabet

Alphabet Company Profile

(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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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