DSG Capital Advisors LLC Takes $1.55 Million Position in Alphabet Inc. (NASDAQ:GOOG)

DSG Capital Advisors LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,150 shares of the information services provider's stock, valued at approximately $1,552,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. bought a new position in Alphabet in the 4th quarter valued at $27,000. LSV Asset Management acquired a new stake in Alphabet in the fourth quarter worth $27,000. WealthTrak Capital Management LLC bought a new position in Alphabet during the fourth quarter worth about $38,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Alphabet during the 4th quarter valued at about $39,000. Finally, Noble Wealth Management PBC bought a new position in Alphabet in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GOOG shares. Needham & Company LLC downgraded Alphabet from a "buy" rating to a "cautious" rating in a research note on Friday, May 2nd. Citigroup reaffirmed a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. Westpark Capital reiterated a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a report on Friday, April 25th. Susquehanna reissued a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. Finally, 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 report on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and five have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $203.94.

Alphabet Price Performance

Shares of NASDAQ GOOG traded down $2.09 during mid-day trading on Friday, reaching $170.87. The company had a trading volume of 36,230,934 shares, compared to its average volume of 20,270,754. The firm has a market cap of $2.07 trillion, a price-to-earnings ratio of 21.23, a PEG ratio of 1.34 and a beta of 1.01. The business's 50-day simple moving average is $160.88 and its 200 day simple moving average is $176.30. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

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

Alphabet Increases Dividend

The business 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 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 0.49%. The ex-dividend date is Monday, June 9th. Alphabet's dividend payout ratio (DPR) is presently 9.36%.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,374 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the transaction, the chief accounting officer now directly owns 15,024 shares in the company, valued at approximately $2,606,213.28. This represents a 8.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 11,764 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the transaction, the insider now owns 49,037 shares of the company's stock, valued at $8,181,333.08. The trade was a 19.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,533 shares of company stock valued at $26,772,774. 12.99% of the stock is owned by insiders.

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.