Silverberg Bernstein Capital Management LLC Purchases Shares of 2,923 Alphabet Inc. (NASDAQ:GOOG)

Silverberg Bernstein Capital Management LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,923 shares of the information services provider's stock, valued at approximately $457,000.

Other institutional investors also recently bought and sold shares of the company. Sterling Financial Planning Inc. grew its holdings in Alphabet by 2.6% in the 4th quarter. Sterling Financial Planning Inc. now owns 1,941 shares of the information services provider's stock valued at $370,000 after buying an additional 50 shares during the period. Arlington Trust Co LLC increased its position in Alphabet by 0.4% during the fourth quarter. Arlington Trust Co LLC now owns 14,423 shares of the information services provider's stock worth $2,747,000 after purchasing an additional 52 shares during the last quarter. Ethos Financial Group LLC raised its stake in Alphabet by 0.7% during the fourth quarter. Ethos Financial Group LLC now owns 7,300 shares of the information services provider's stock worth $1,395,000 after purchasing an additional 53 shares during the period. Hutchinson Capital Management CA boosted its holdings in shares of Alphabet by 1.5% in the 4th quarter. Hutchinson Capital Management CA now owns 3,555 shares of the information services provider's stock valued at $677,000 after purchasing an additional 54 shares during the last quarter. Finally, Tempus Wealth Planning LLC grew its stake in shares of Alphabet by 1.7% during the 4th quarter. Tempus Wealth Planning LLC now owns 3,337 shares of the information services provider's stock valued at $636,000 after buying an additional 55 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on GOOG shares. UBS Group dropped their price target on Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Susquehanna reissued a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. Scotiabank reduced their target price on shares of Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Needham & Company LLC cut Alphabet from a "buy" rating to a "cautious" rating in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $220.00 target price on shares of Alphabet in a research note on Monday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and an average target price of $204.88.

Alphabet Stock Performance

GOOG stock traded up $1.68 during trading on Wednesday, reaching $169.39. 18,476,447 shares of the company's stock were exchanged, compared to its average volume of 20,268,892. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The company's fifty day moving average price is $161.02 and its 200-day moving average price is $176.18. 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 $2.06 trillion, a PE ratio of 21.04, a P/E/G ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The firm had revenue of $90.23 billion during the quarter, compared to analyst estimates 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 last year, the company posted $1.89 EPS. On average, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.50%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is currently 9.36%.

Insider Activity

In related news, insider John Kent Walker sold 11,764 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the sale, the insider now directly owns 49,037 shares of the company's stock, valued at approximately $8,181,333.08. This represents a 19.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This represents a 2.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 163,270 shares of company stock valued at $26,553,563 over the last three months. Insiders own 12.99% of the company's stock.

About Alphabet

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.