Allie Family Office LLC Acquires 445 Shares of Alphabet Inc. (NASDAQ:GOOG)

Allie Family Office LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 9.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,198 shares of the information services provider’s stock after acquiring an additional 445 shares during the period. Allie Family Office LLC’s holdings in Alphabet were worth $996,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GOOG. Weiss Asset Management LP bought a new stake in Alphabet during the 3rd quarter worth $25,000. Fiduciary Advisors Inc. bought a new position in shares of Alphabet during the fourth quarter valued at $27,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Alphabet during the third quarter worth $33,000. WealthTrak Capital Management LLC acquired a new stake in Alphabet in the fourth quarter valued at $38,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in Alphabet during the 4th quarter worth about $39,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,368 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the transaction, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ruth Porat sold 17,690 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $183.48, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,665 shares of company stock valued at $16,198,310. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Up 1.7 %

Shares of NASDAQ GOOG opened at $158.88 on Wednesday. Alphabet Inc. has a one year low of $148.20 and a one year high of $208.70. The business’s fifty day moving average price is $179.89 and its 200-day moving average price is $178.70. The stock has a market capitalization of $1.94 trillion, a PE ratio of 19.74, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results 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 net margin of 28.60% and a return on equity of 32.49%. On average, equities research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The business also recently announced 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 0.50%. Alphabet’s dividend payout ratio is currently 9.94%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GOOG shares. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Westpark Capital initiated coverage on shares of Alphabet in a research report on Tuesday. They set a “buy” rating and a $210.00 price target on the stock. Oppenheimer upped their target price on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.65.

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.