Investor s Fiduciary Advisor Network LLC Purchases Shares of 15,652 Alphabet Inc. (NASDAQ:GOOG)

Investor s Fiduciary Advisor Network LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,652 shares of the information services provider's stock, valued at approximately $2,980,000. Alphabet comprises approximately 1.1% of Investor s Fiduciary Advisor Network LLC's investment portfolio, making the stock its 21st largest holding.

A number of other institutional investors also recently modified their holdings of GOOG. GPS Wealth Strategies Group LLC boosted its stake in Alphabet by 6.8% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider's stock worth $3,094,000 after purchasing an additional 1,041 shares in the last quarter. Harvest Investment Services LLC grew its position in shares of Alphabet by 3.3% during the 4th quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider's stock worth $824,000 after buying an additional 138 shares during the period. North Forty Two & Co. acquired a new stake in Alphabet in the fourth quarter worth $281,000. SageView Advisory Group LLC increased its holdings in shares of Alphabet by 140.6% in the fourth quarter. SageView Advisory Group LLC now owns 14,734 shares of the information services provider's stock worth $2,806,000 after acquiring an additional 8,610 shares in the last quarter. Finally, Requisite Capital Management LLC acquired a new stake in Alphabet during the 4th quarter worth approximately $927,000. Institutional investors own 27.26% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on GOOG. Benchmark restated a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Tigress Financial reaffirmed a "strong-buy" rating on shares of Alphabet in a research report on Friday, May 2nd. Wedbush reissued an "outperform" rating and set a $220.00 price target on shares of Alphabet in a report on Thursday, January 30th. Needham & Company LLC lowered Alphabet from a "buy" rating to a "cautious" rating in a research note on Friday, May 2nd. Finally, Susquehanna reiterated a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $203.94.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. The trade was a 1.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 673 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the sale, the chief accounting officer now directly owns 15,303 shares in the company, valued at approximately $2,377,014.99. The trade was a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 179,324 shares of company stock worth $30,153,353 in the last 90 days. Insiders own 12.99% of the company's stock.

Alphabet Trading Up 0.6%

Alphabet stock traded up $0.93 during trading hours on Tuesday, reaching $160.51. 8,333,688 shares of the company's stock were exchanged, compared to its average volume of 21,989,512. The firm has a market capitalization of $1.95 trillion, a PE ratio of 19.94, a PEG ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. 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's 50 day simple moving average is $160.65 and its 200 day simple moving average is $176.97.

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, topping analysts' consensus estimates 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 analysts' expectations of $89.30 billion. During the same period last year, the business earned $1.89 EPS. Alphabet's quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently announced 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 is a positive change 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 dividend yield of 0.52%. Alphabet's dividend payout ratio is presently 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.