JBR Co Financial Management Inc Has $1.59 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

JBR Co Financial Management Inc boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 21.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,364 shares of the information services provider’s stock after buying an additional 1,504 shares during the quarter. Alphabet comprises approximately 1.0% of JBR Co Financial Management Inc’s investment portfolio, making the stock its 29th largest holding. JBR Co Financial Management Inc’s holdings in Alphabet were worth $1,593,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB raised its holdings in Alphabet by 0.6% during the 3rd quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock worth $1,394,181,000 after purchasing an additional 51,226 shares during the last quarter. Ellis Investment Partners LLC increased its position in shares of Alphabet by 10.0% during the third quarter. Ellis Investment Partners LLC now owns 41,119 shares of the information services provider’s stock worth $6,875,000 after buying an additional 3,737 shares during the period. J.W. Cole Advisors Inc. increased its position in shares of Alphabet by 8.5% during the third quarter. J.W. Cole Advisors Inc. now owns 116,039 shares of the information services provider’s stock worth $19,401,000 after buying an additional 9,118 shares during the period. OMNI 360 Wealth Inc. raised its stake in Alphabet by 5.7% during the third quarter. OMNI 360 Wealth Inc. now owns 4,851 shares of the information services provider’s stock worth $811,000 after buying an additional 262 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. lifted its holdings in Alphabet by 0.4% in the third quarter. Sterling Investment Advisors Ltd. now owns 18,921 shares of the information services provider’s stock valued at $3,163,000 after buying an additional 71 shares during the period. Institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GOOG. Benchmark reiterated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Canaccord Genuity Group raised their target price on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Pivotal Research increased their price target on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, UBS Group lifted their price objective on shares of Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $209.13.

Insiders Place Their Bets

In other Alphabet news, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the transaction, the insider now owns 1,449,286 shares of the company’s stock, valued at $265,914,995.28. This trade represents a 1.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. The trade was a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,299 shares of company stock valued at $25,055,751 in the last three months. 12.99% of the stock is currently owned by insiders.

Alphabet Trading Down 2.1 %

GOOG opened at $177.37 on Wednesday. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70. The firm has a market capitalization of $2.16 trillion, a PE ratio of 22.03, a P/E/G ratio of 1.34 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company’s 50-day moving average is $193.29 and its 200 day moving average is $177.66.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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. This represents a $0.80 annualized dividend and a yield of 0.45%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

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.