8,932 Shares in Alphabet Inc. (NASDAQ:GOOG) Purchased by Armis Advisers LLC

Armis Advisers LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,932 shares of the information services provider's stock, valued at approximately $1,701,000.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Westpark Capital reaffirmed a "buy" rating and set a $210.00 price target on shares of Alphabet in a research report on Friday, April 25th. Scotiabank decreased their price target on shares of Alphabet from $232.00 to $200.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Rosenblatt Securities upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. Three equities research 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $203.94.

Alphabet Stock Down 0.4%

Shares of Alphabet stock traded down $0.73 during trading on Thursday, hitting $172.65. 13,161,908 shares of the stock traded hands, compared to its average volume of 20,149,895. The stock's fifty day simple moving average is $160.86 and its 200 day simple moving average is $176.45. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.10 trillion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.79. The firm had revenue of $90.23 billion during the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business's revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.89 EPS. On average, equities analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

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

Insider Activity

In other news, CAO Amie Thuener O'toole sold 1,374 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total value of $238,347.78. Following the completion of the sale, the chief accounting officer now directly owns 15,024 shares of the company's stock, valued at $2,606,213.28. This trade represents a 8.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the sale, the director now directly owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This represents a 2.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 164,654 shares of company stock valued at $26,793,380 in the last quarter. Insiders own 12.99% of the company's stock.

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.