Silvercrest Asset Management Group LLC Has $190.77 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Silvercrest Asset Management Group LLC raised its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,001,738 shares of the information services provider's stock after buying an additional 11,842 shares during the quarter. Alphabet comprises about 1.3% of Silvercrest Asset Management Group LLC's holdings, making the stock its 4th largest position. Silvercrest Asset Management Group LLC's holdings in Alphabet were worth $190,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC grew 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 during the period. Harvest Investment Services LLC grew its holdings in shares of Alphabet by 3.3% in the fourth quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider's stock worth $824,000 after acquiring an additional 138 shares during the period. North Forty Two & Co. bought a new position in shares of Alphabet in the 4th quarter worth approximately $281,000. SageView Advisory Group LLC raised its holdings in Alphabet by 140.6% in the 4th quarter. SageView Advisory Group LLC now owns 14,734 shares of the information services provider's stock worth $2,806,000 after purchasing an additional 8,610 shares during the period. Finally, Requisite Capital Management LLC purchased a new position in Alphabet during the fourth quarter valued at approximately $927,000. 27.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on GOOG. Citigroup reissued a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. The Goldman Sachs Group reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Oppenheimer raised their target price on shares of Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Rosenblatt Securities upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. increased their price objective on Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $203.94.

Alphabet Price Performance

Shares of GOOG opened at $165.40 on Friday. The stock has a fifty day moving average price of $160.16 and a 200 day moving average price of $176.77. The company has a market cap of $2.01 trillion, a P/E ratio of 20.55, a PEG ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70.

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 (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. The company had revenue of $90.23 billion for the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS. On average, research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current 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 issued a $0.21 dividend. This is a positive change from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.51%. The ex-dividend date is Monday, June 9th. Alphabet's payout ratio is 9.36%.

Insider Activity

In related news, insider John Kent Walker sold 17,690 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the completion of the sale, the insider now directly owns 43,111 shares in the company, valued at $7,997,521.61. This trade represents a 29.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 2,824 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $187.43, for a total value of $529,302.32. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares in the company, valued at $2,815,948.32. This represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 179,324 shares of company stock valued at $30,153,353. 12.99% of the stock is owned by insiders.

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.

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