DDFG Inc Has $1.31 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

DDFG Inc decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,860 shares of the information services provider’s stock after selling 415 shares during the period. Alphabet accounts for approximately 0.4% of DDFG Inc’s portfolio, making the stock its 27th biggest position. DDFG Inc’s holdings in Alphabet were worth $1,306,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GOOG. NBW Capital LLC bought a new stake in Alphabet during the fourth quarter worth about $201,000. Tacita Capital Inc increased its position in shares of Alphabet by 3.2% during the 4th quarter. Tacita Capital Inc now owns 4,535 shares of the information services provider’s stock worth $864,000 after purchasing an additional 140 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Alphabet by 1.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 408,972 shares of the information services provider’s stock worth $77,885,000 after purchasing an additional 4,432 shares in the last quarter. Global Strategic Investment Solutions LLC boosted its holdings in shares of Alphabet by 5.0% in the 4th quarter. Global Strategic Investment Solutions LLC now owns 4,923 shares of the information services provider’s stock valued at $937,000 after buying an additional 233 shares during the last quarter. Finally, Bravias Capital Group LLC bought a new position in shares of Alphabet in the fourth quarter valued at $576,000. Institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on GOOG. Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Benchmark restated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Oppenheimer raised their target price on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.13.

Alphabet Trading Up 1.4 %

GOOG stock opened at $174.99 on Thursday. Alphabet Inc. has a 52 week low of $131.95 and a 52 week high of $208.70. The company has a market capitalization of $2.13 trillion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 1.34 and a beta of 1.00. The company’s 50-day simple moving average is $190.68 and its 200 day simple moving average is $177.91. 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) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the transaction, the director now directly owns 23,324 shares of the company’s stock, valued at $4,529,987.28. This trade represents a 6.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at $4,085,531.55. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,316 shares of company stock valued at $25,062,887 in the last three months. Corporate 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.