6,622 Shares in Alphabet Inc. (NASDAQ:GOOG) Acquired by PKS Advisory Services LLC

PKS Advisory Services LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,622 shares of the information services provider’s stock, valued at approximately $1,261,000.

A number of other large investors have also made changes to their positions in the business. Principal Financial Group Inc. raised its stake in Alphabet by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock worth $1,843,149,000 after acquiring an additional 264,962 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Alphabet by 7.2% in the third quarter. Advisors Asset Management Inc. now owns 13,526 shares of the information services provider’s stock valued at $2,261,000 after purchasing an additional 909 shares during the period. Penserra Capital Management LLC raised its stake in shares of Alphabet by 1.2% in the third quarter. Penserra Capital Management LLC now owns 12,240 shares of the information services provider’s stock worth $2,046,000 after purchasing an additional 147 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Alphabet by 2.3% during the third quarter. Westfield Capital Management Co. LP now owns 70,572 shares of the information services provider’s stock worth $11,799,000 after purchasing an additional 1,580 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its position in Alphabet by 62.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 157,622 shares of the information services provider’s stock valued at $26,351,000 after buying an additional 60,325 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of GOOG stock opened at $169.93 on Tuesday. Alphabet Inc. has a 12 month low of $148.20 and a 12 month high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.07 trillion, a P/E ratio of 21.11, a PEG ratio of 1.34 and a beta of 1.03. The firm has a fifty day moving average price of $183.93 and a 200 day moving average price of $178.30.

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

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.47%. Alphabet’s dividend payout ratio is presently 9.94%.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of research reports. Cantor Fitzgerald restated a “neutral” rating on shares of Alphabet in a research report on Wednesday, March 19th. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Scotiabank boosted their price target on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $209.13.

Insider Activity at Alphabet

In other news, 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 transaction, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction on Friday, February 21st. The stock was 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 approximately $265,914,995.28. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,048 shares of company stock valued at $17,374,274 in the last three months. 12.99% of the stock is currently owned by company insiders.

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.