Caliber Wealth Management LLC KS Invests $5.54 Million in Alphabet Inc. (NASDAQ:GOOG)

Key Points

• Caliber Wealth Management LLC KS purchased 35,486 shares of Alphabet Inc. for approximately $5.54 million, representing 0.8% of its total holdings.
• Several hedge funds increased their stakes in Alphabet recently, with 27.26% of the company's stock now owned by institutional investors.
• Alphabet announced a quarterly dividend of $0.21 per share, with an annualized yield of 0.43%, highlighting its ongoing commitment to returning value to shareholders.

Caliber Wealth Management LLC KS purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 35,486 shares of the information services provider's stock, valued at approximately $5,544,000. Alphabet accounts for approximately 0.8% of Caliber Wealth Management LLC KS's portfolio, making the stock its 28th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Alphabet in the fourth quarter worth $5,166,070,000. GAMMA Investing LLC increased its position in Alphabet by 18,562.3% during the first quarter. GAMMA Investing LLC now owns 14,323,323 shares of the information services provider's stock valued at $2,237,733,000 after acquiring an additional 14,246,573 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Alphabet by 16.1% in the fourth quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider's stock worth $10,873,751,000 after purchasing an additional 7,917,625 shares during the last quarter. Capital International Investors grew its holdings in shares of Alphabet by 6.7% in the fourth quarter. Capital International Investors now owns 91,236,069 shares of the information services provider's stock worth $17,376,706,000 after purchasing an additional 5,758,244 shares during the last quarter. Finally, Sanders Capital LLC grew its holdings in shares of Alphabet by 14.5% in the fourth quarter. Sanders Capital LLC now owns 33,504,543 shares of the information services provider's stock worth $6,380,605,000 after purchasing an additional 4,247,379 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the sale, the chief executive officer directly owned 2,559,892 shares in the company, valued at approximately $456,991,919.84. This trade represents a 1.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 18,566 shares of the firm's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $3,448,820.16. Following the sale, the director owned 243,400 shares in the company, valued at approximately $45,213,984. The trade was a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 249,409 shares of company stock worth $43,523,710. Company insiders own 12.99% of the company's stock.

Alphabet Stock Performance

NASDAQ GOOG traded down $1.08 on Monday, reaching $193.01. The stock had a trading volume of 15,549,912 shares, compared to its average volume of 24,222,178. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The business's 50-day moving average price is $176.86 and its 200 day moving average price is $174.38. The stock has a market cap of $2.34 trillion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 1.31 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced 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. The firm had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. Alphabet's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.89 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.44%. Alphabet's dividend payout ratio (DPR) is 8.95%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GOOG. UBS Group upped their price objective on shares of Alphabet from $186.00 to $192.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Westpark Capital reissued a "buy" rating and set a $210.00 price target on shares of Alphabet in a research report on Friday, April 25th. Citizens Jmp raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th. Roth Capital reissued a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Finally, Pivotal Research increased their price target on shares of Alphabet from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Thursday. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $215.19.

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.