Vienna Asset Management LLC Has $4.37 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Vienna Asset Management LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,953 shares of the information services provider's stock after selling 2,244 shares during the period. Alphabet makes up about 3.0% of Vienna Asset Management LLC's holdings, making the stock its 11th biggest position. Vienna Asset Management LLC's holdings in Alphabet were worth $4,371,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GPS Wealth Strategies Group LLC grew its holdings in shares of Alphabet by 6.8% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider's stock valued at $3,094,000 after buying an additional 1,041 shares in the last quarter. Harvest Investment Services LLC grew its holdings in shares of Alphabet by 3.3% during the fourth quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider's stock valued at $824,000 after buying an additional 138 shares in the last quarter. North Forty Two & Co. purchased a new position in shares of Alphabet during the fourth quarter valued at $281,000. SageView Advisory Group LLC grew its holdings in shares of Alphabet by 140.6% during the fourth quarter. SageView Advisory Group LLC now owns 14,734 shares of the information services provider's stock valued at $2,806,000 after buying an additional 8,610 shares in the last quarter. Finally, Requisite Capital Management LLC purchased a new position in shares of Alphabet during the fourth quarter valued at $927,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Up 2.9%

Shares of GOOG traded up $4.74 during trading hours on Wednesday, hitting $170.06. 45,496,021 shares of the company were exchanged, compared to its average volume of 19,927,677. The company has a market cap of $2.06 trillion, a PE ratio of 21.13, a PEG ratio of 1.34 and a beta of 1.01. The firm's 50 day moving average is $160.18 and its 200-day moving average is $176.66. Alphabet Inc. has a 52 week low of $142.66 and a 52 week 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 released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter in the prior year, the company posted $1.89 EPS. The firm's revenue was up 12.0% on a year-over-year basis. On average, equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed 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 a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is currently 9.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GOOG. Oppenheimer lifted their price target on Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Westpark Capital reiterated a "buy" rating and set a $210.00 price target on shares of Alphabet in a report on Friday, April 25th. JPMorgan Chase & Co. lifted their price target on Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Tigress Financial restated a "strong-buy" rating on shares of Alphabet in a research note on Friday, May 2nd. Finally, KeyCorp lowered their target price on Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $203.94.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 200 shares of the company'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 value of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares of the company's stock, valued at $1,293,285.89. This represents a 2.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ruth Porat sold 17,690 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now directly owns 1,449,286 shares of the company's stock, valued at approximately $265,914,995.28. This trade represents a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,744 shares of company stock valued at $20,968,366. 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.