Alphabet Inc. (NASDAQ:GOOG) Stock Position Boosted by Atomi Financial Group Inc.

Atomi Financial Group Inc. increased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 64.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 196,792 shares of the information services provider’s stock after buying an additional 77,269 shares during the quarter. Alphabet comprises approximately 1.9% of Atomi Financial Group Inc.’s investment portfolio, making the stock its 7th largest holding. Atomi Financial Group Inc.’s holdings in Alphabet were worth $37,477,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Signature Resources Capital Management LLC boosted its position in Alphabet by 6.7% in the 4th quarter. Signature Resources Capital Management LLC now owns 6,646 shares of the information services provider’s stock worth $1,266,000 after purchasing an additional 419 shares in the last quarter. Monterey Private Wealth Inc. boosted its position in Alphabet by 11.1% in the 4th quarter. Monterey Private Wealth Inc. now owns 11,637 shares of the information services provider’s stock worth $2,216,000 after purchasing an additional 1,161 shares in the last quarter. Transform Wealth LLC lifted its position in shares of Alphabet by 49.7% during the 4th quarter. Transform Wealth LLC now owns 40,376 shares of the information services provider’s stock valued at $7,689,000 after buying an additional 13,400 shares in the last quarter. Alpha Cubed Investments LLC lifted its position in shares of Alphabet by 0.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 50,426 shares of the information services provider’s stock valued at $9,603,000 after buying an additional 139 shares in the last quarter. Finally, Charles Schwab Trust Co lifted its position in shares of Alphabet by 22.9% during the 4th quarter. Charles Schwab Trust Co now owns 5,259 shares of the information services provider’s stock valued at $1,002,000 after buying an additional 979 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Down 0.2 %

Shares of NASDAQ:GOOG opened at $199.58 on Friday. The business has a 50-day moving average price of $186.95 and a 200 day moving average price of $175.06. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 26.47, a PEG ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $203.84.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. During the same period last year, the business posted $1.55 EPS. Alphabet’s revenue for the quarter was up 15.1% on a year-over-year basis. Sell-side analysts expect that Alphabet Inc. will post 8.03 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is 10.61%.

Analyst Ratings Changes

GOOG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. UBS Group increased their target price on Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Scotiabank initiated coverage on Alphabet in a research note on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 price objective for the company. Finally, Canaccord Genuity Group increased their price objective on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.56.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $194.22, for a total value of $291,330.00. Following the completion of the transaction, the director now owns 23,324 shares in the company, valued at approximately $4,529,987.28. This trade represents a 6.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares of the company’s stock, valued at $4,007,191.15. The trade was a 5.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 133,387 shares of company stock worth $24,368,654 in the last three months. 12.99% of the stock is owned by company insiders.

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.