2,520 Shares in Alphabet Inc. (NASDAQ:GOOG) Acquired by Tableaux LLC

Tableaux LLC bought a new position 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 bought 2,520 shares of the information services provider's stock, valued at approximately $480,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Alphabet in the 4th quarter valued at about $329,725,000. Northstar Financial Companies Inc. purchased a new position in Alphabet during the 4th quarter worth approximately $1,735,000. Centaurus Financial Inc. raised its position in Alphabet by 35.9% during the 4th quarter. Centaurus Financial Inc. now owns 98,717 shares of the information services provider's stock worth $18,800,000 after buying an additional 26,092 shares during the last quarter. Wealthedge Investment Advisors LLC purchased a new position in shares of Alphabet during the 4th quarter valued at approximately $260,000. Finally, Campbell Deegan Wealth Management LLC purchased a new stake in Alphabet in the 4th quarter worth $383,000. 27.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GOOG has been the topic of several recent research reports. Wedbush reissued an "outperform" rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Westpark Capital reissued a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a report on Friday, April 25th. Cantor Fitzgerald reissued a "neutral" rating and issued a $171.00 target price on shares of Alphabet in a report on Friday, April 25th. Oppenheimer lifted their price objective on Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Finally, Tigress Financial reissued a "strong-buy" rating on shares of Alphabet in a research report on Friday, May 2nd. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $203.94.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 1,374 shares of Alphabet stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total value of $238,347.78. Following the completion of the sale, the chief accounting officer now directly owns 15,024 shares of the company's stock, valued at approximately $2,606,213.28. This trade represents a 8.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction 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 sale, the director now directly owns 261,966 shares of the company's stock, valued at approximately $45,844,050. This trade represents a 3.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 164,654 shares of company stock worth $26,793,380 in the last 90 days. 12.99% of the stock is owned by company insiders.

Alphabet Stock Performance

Shares of NASDAQ:GOOG traded down $0.42 during trading on Thursday, hitting $172.96. 21,171,732 shares of the stock were exchanged, compared to its average volume of 20,201,080. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The company has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The company's fifty day simple moving average is $160.86 and its 200-day simple moving average is $176.45. 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 announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter last year, the firm earned $1.89 EPS. Alphabet's revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be given a dividend of $0.21 per share. 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 an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is 9.36%.

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.