Andina Capital Management LLC Takes $250,000 Position in Alphabet Inc. $GOOG

Key Points

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Andina Capital Management LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,602 shares of the information services provider's stock, valued at approximately $250,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principia Wealth Advisory LLC lifted its holdings in shares of Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after purchasing an additional 85 shares during the last quarter. MorganRosel Wealth Management LLC purchased a new stake in shares of Alphabet during the 1st quarter valued at $26,000. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Alphabet during the 1st quarter valued at $32,000. Goodman Advisory Group LLC purchased a new stake in shares of Alphabet during the 1st quarter valued at $32,000. Finally, Ball & Co Wealth Management Inc. purchased a new stake in shares of Alphabet during the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Price Performance

GOOG stock traded up $5.9660 during trading on Friday, hitting $206.5860. The stock had a trading volume of 22,071,100 shares, compared to its average volume of 23,709,248. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $209.23. The stock has a market capitalization of $2.50 trillion, a P/E ratio of 22.00, a PEG ratio of 1.35 and a beta of 1.02. The company's 50-day moving average price is $187.09 and its two-hundred day moving average price is $174.87.

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

Alphabet Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently commented on GOOG shares. BNP Paribas lowered Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Cantor Fitzgerald reissued a "neutral" rating and issued a $171.00 target price on shares of Alphabet in a research report on Friday, April 25th. Rosenblatt Securities raised Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Raymond James Financial reissued an "outperform" rating and issued a $210.00 target price (up from $185.00) on shares of Alphabet in a research report on Thursday, July 24th. Finally, Oppenheimer reissued an "outperform" rating and issued a $235.00 target price (up from $220.00) on shares of Alphabet in a research report on Thursday, July 24th. Five research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $215.19.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $199.92, for a total value of $6,497,400.00. Following the sale, the chief executive officer directly owned 2,462,392 shares in the company, valued at approximately $492,281,408.64. The trade was a 1.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $203.79, for a total value of $122,274.00. Following the completion of the sale, the director owned 6,316 shares of the company's stock, valued at $1,287,137.64. This trade represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 254,719 shares of company stock valued at $47,223,172. 12.99% of the stock is currently owned by corporate insiders.

Alphabet 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.