MMA Asset Management LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,856 shares of the information services provider's stock, valued at approximately $1,115,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Weiss Asset Management LP acquired a new stake in shares of Alphabet in the 3rd quarter valued at about $25,000. Fiduciary Advisors Inc. acquired a new position in Alphabet during the fourth quarter worth approximately $27,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Alphabet in the third quarter valued at approximately $33,000. Sanctuary Wealth Management L.L.C. boosted its holdings in shares of Alphabet by 87.3% in the third quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider's stock valued at $42,000 after acquiring an additional 117 shares during the period. Finally, Noble Wealth Management PBC purchased a new position in shares of Alphabet during the fourth quarter worth approximately $43,000. 27.26% of the stock is owned by institutional investors and hedge funds.
NASDAQ:GOOG opened at $172.61 on Wednesday. The firm's fifty day simple moving average is $191.13 and its 200-day simple moving average is $177.93. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.10 trillion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 1.34 and a beta of 1.00. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping 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%. Analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.
In related news, CAO Amie Thuener O'toole sold 2,834 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the sale, the chief accounting officer now directly owns 20,681 shares of the company's stock, valued at approximately $4,085,531.55. This represents a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders sold 134,316 shares of company stock valued at $25,062,887 in the last ninety days. Corporate insiders own 12.99% of the company's stock.
Several analysts recently commented on the stock. Oppenheimer upped their price target on shares of Alphabet from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Citizens Jmp cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Morgan Stanley reissued an "overweight" rating on shares of Alphabet in a report on Wednesday, February 5th. Needham & Company LLC restated a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Wedbush reaffirmed an "outperform" rating and set a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $209.13.
Check Out Our Latest Report on GOOG
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.
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