8,407 Shares in Alphabet Inc. (NASDAQ:GOOG) Acquired by Ameriflex Group Inc.

Ameriflex Group Inc. bought a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,407 shares of the information services provider's stock, valued at approximately $1,728,000. Alphabet comprises approximately 0.8% of Ameriflex Group Inc.'s holdings, making the stock its 24th biggest holding.

Several other large investors have also recently bought and sold shares of GOOG. Fiduciary Advisors Inc. purchased a new position in Alphabet in the fourth quarter valued at $27,000. LSV Asset Management purchased a new position in Alphabet in the fourth quarter valued at $27,000. WealthTrak Capital Management LLC purchased a new position in Alphabet in the fourth quarter valued at $38,000. Mountain Hill Investment Partners Corp. purchased a new position in Alphabet in the fourth quarter valued at $39,000. Finally, Noble Wealth Management PBC purchased a new position in Alphabet in the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Activity at Alphabet

In other news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $1,837,500.00. Following the completion of the sale, the director now directly owns 261,966 shares in the company, valued at approximately $45,844,050. This trade represents a 3.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. The trade was a 2.50% decrease in their ownership of the stock. 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 90 days. Company insiders own 12.99% of the company's stock.

Alphabet Stock Performance

NASDAQ:GOOG traded up $4.39 during mid-day trading on Tuesday, reaching $173.98. The stock had a trading volume of 24,291,303 shares, compared to its average volume of 20,134,876. 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 has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 21.61, a PEG ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The business has a 50 day simple moving average of $160.54 and a 200 day simple moving average of $176.49.

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, beating analysts' consensus estimates of $2.02 by $0.79. The firm had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm's revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 earnings per share. On average, analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.48%. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is presently 9.36%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GOOG. Citigroup restated a "sell" rating on shares of Alphabet in a research note on Wednesday, April 23rd. Needham & Company LLC downgraded shares of Alphabet from a "buy" rating to a "cautious" rating in a research note on Friday, May 2nd. KeyCorp decreased their price objective on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Benchmark restated a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, 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. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $203.94.

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.