FCA Corp TX Raises Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

FCA Corp TX raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,851 shares of the information services provider’s stock after acquiring an additional 182 shares during the quarter. FCA Corp TX’s holdings in Alphabet were worth $3,209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Napatree Capital LLC increased its holdings in shares of Alphabet by 6.3% in the fourth quarter. Napatree Capital LLC now owns 8,862 shares of the information services provider’s stock valued at $1,688,000 after purchasing an additional 524 shares during the period. Hill Island Financial LLC boosted its position in Alphabet by 0.8% during the fourth quarter. Hill Island Financial LLC now owns 7,776 shares of the information services provider’s stock worth $1,481,000 after purchasing an additional 59 shares in the last quarter. Samalin Investment Counsel LLC boosted its position in Alphabet by 6.7% during the fourth quarter. Samalin Investment Counsel LLC now owns 2,993 shares of the information services provider’s stock worth $570,000 after purchasing an additional 188 shares in the last quarter. Heron Bay Capital Management lifted its position in shares of Alphabet by 1.8% in the fourth quarter. Heron Bay Capital Management now owns 17,687 shares of the information services provider’s stock valued at $3,368,000 after acquiring an additional 312 shares in the last quarter. Finally, Del Sette Capital Management LLC lifted its position in shares of Alphabet by 192.6% in the fourth quarter. Del Sette Capital Management LLC now owns 11,251 shares of the information services provider’s stock valued at $2,143,000 after acquiring an additional 7,406 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now directly owns 7,813 shares of the company’s stock, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 1,368 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the completion of the transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $3,961,445.55. The trade was a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,048 shares of company stock valued at $17,374,274. Insiders own 12.99% of the company’s stock.

Alphabet Trading Up 0.7 %

NASDAQ GOOG opened at $166.25 on Friday. The firm’s 50 day moving average price is $184.37 and its two-hundred day moving average price is $178.07. The stock has a market cap of $2.03 trillion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a twelve month low of $148.20 and a twelve month high of $208.70. 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 released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of analyst reports. Rosenblatt Securities reiterated a “neutral” rating on shares of Alphabet in a research report on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. Benchmark reissued a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $209.13.

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.