SS&H Financial Advisors Inc. Buys 6,175 Shares of Alphabet Inc. (NASDAQ:GOOG)

SS&H Financial Advisors Inc. boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 25.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,535 shares of the information services provider's stock after acquiring an additional 6,175 shares during the quarter. Alphabet comprises 1.8% of SS&H Financial Advisors Inc.'s investment portfolio, making the stock its 11th biggest holding. SS&H Financial Advisors Inc.'s holdings in Alphabet were worth $4,770,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Alphabet during the fourth quarter worth $5,166,070,000. GAMMA Investing LLC increased its position in shares of 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 worth $2,237,733,000 after acquiring an additional 14,246,573 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Alphabet in the fourth quarter valued at about $1,551,533,000. Northern Trust Corp grew its holdings in shares of Alphabet by 16.1% during the fourth quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider's stock valued at $10,873,751,000 after purchasing an additional 7,917,625 shares during the last quarter. Finally, GQG Partners LLC boosted its position in shares of Alphabet by 181,679.1% during the fourth quarter. GQG Partners LLC now owns 7,225,721 shares of the information services provider's stock worth $1,376,066,000 after buying an additional 7,221,746 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOOG has been the subject of a number of recent research reports. Scotiabank cut their price objective on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Westpark Capital restated a "buy" rating and set a $210.00 price target on shares of Alphabet in a report on Friday, April 25th. Citigroup restated a "sell" rating on shares of Alphabet in a research note on Wednesday, April 23rd. Oppenheimer lifted their target price on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Finally, Rosenblatt Securities upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average price target of $204.88.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction dated 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 owns 261,966 shares of the company's stock, valued at approximately $45,844,050. This trade represents a 3.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. The trade was a 2.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 195,770 shares of company stock worth $32,036,638. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Up 3.0%

Shares of NASDAQ GOOG traded up $5.11 during midday trading on Friday, hitting $174.92. The company's stock had a trading volume of 22,239,619 shares, compared to its average volume of 20,389,186. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The business's fifty day simple moving average is $161.88 and its two-hundred day simple moving average is $176.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $2.12 trillion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.

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

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be given a $0.21 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 0.48%. Alphabet's dividend payout ratio (DPR) is 9.36%.

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.