Heck Capital Advisors LLC Purchases New Stake in Alphabet Inc. (NASDAQ:GOOG)

Heck Capital Advisors LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,114 shares of the information services provider's stock, valued at approximately $403,000.

Several other institutional investors have also recently modified their holdings of the company. Fiduciary Advisors Inc. bought a new position in Alphabet during the 4th quarter worth approximately $27,000. LSV Asset Management bought a new position in Alphabet during the 4th quarter worth approximately $27,000. WealthTrak Capital Management LLC bought a new position in Alphabet during the 4th quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Alphabet in the 4th quarter worth approximately $39,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $43,000. 27.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup reissued a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. Tigress Financial restated a "strong-buy" rating on shares of Alphabet in a research report on Friday, May 2nd. The Goldman Sachs Group reiterated a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Rosenblatt Securities raised Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Finally, UBS Group cut their target price on Alphabet from $209.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and five have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $203.94.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 1,374 shares of Alphabet stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total transaction of $238,347.78. Following the transaction, the chief accounting officer now owns 15,024 shares of the company's stock, valued at $2,606,213.28. The trade was a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $1,837,500.00. Following the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,654 shares of company stock valued at $26,793,380. Corporate insiders own 12.99% of the company's stock.

Alphabet Price Performance

Shares of GOOG stock traded down $0.66 during trading hours on Thursday, hitting $172.72. 11,649,333 shares of the company's stock were exchanged, compared to its average volume of 20,144,405. The company has a quick ratio of 1.84, a current 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 21.46, a P/E/G ratio of 1.34 and a beta of 1.01. The firm has a 50 day moving average of $160.86 and a two-hundred day moving average of $176.45. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70.

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 (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.79. The company had revenue of $90.23 billion during the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.89 EPS. Sell-side analysts forecast that Alphabet Inc. will post 8.89 EPS for the current 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 of this dividend 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%.

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.