Keystone Financial Group Acquires 2,171 Shares of Alphabet Inc. (NASDAQ:GOOG)

Keystone Financial Group boosted its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,856 shares of the information services provider's stock after purchasing an additional 2,171 shares during the period. Alphabet comprises about 0.7% of Keystone Financial Group's portfolio, making the stock its 24th largest holding. Keystone Financial Group's holdings in Alphabet were worth $7,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. acquired a new position in Alphabet during the fourth quarter worth $27,000. LSV Asset Management bought a new position in shares of Alphabet in the 4th quarter valued at about $27,000. WealthTrak Capital Management LLC acquired a new position in shares of Alphabet during the 4th quarter worth about $38,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Alphabet in the 4th quarter valued at about $39,000. Finally, Noble Wealth Management PBC acquired a new stake in Alphabet in the 4th quarter valued at about $43,000. 27.26% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $161.90, for a total value of $32,380.00. Following the transaction, the director now owns 7,613 shares of the company's stock, valued at $1,232,544.70. This trade represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,663 shares of company stock worth $20,286,447 in the last quarter. 12.99% of the stock is owned by insiders.

Remove Ads

Alphabet Price Performance

Shares of GOOG traded down $3.18 during mid-day trading on Wednesday, reaching $155.50. The company had a trading volume of 16,903,668 shares, compared to its average volume of 19,400,727. The company has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company's 50 day simple moving average is $169.17 and its 200 day simple moving average is $177.83. Alphabet Inc. has a 1-year low of $142.66 and a 1-year 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 earnings per share for the quarter, beating 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%. Analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.

Wall Street Analyst Weigh In

Several analysts have issued reports on GOOG shares. Needham & Company LLC restated a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush reissued an "outperform" rating and set a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. Westpark Capital initiated coverage on shares of Alphabet in a research report on Tuesday, April 1st. They set a "buy" rating and a $210.00 price objective for the company. The Goldman Sachs Group reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Rosenblatt Securities restated a "neutral" rating on shares of Alphabet in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $208.71.

Alphabet Company Profile

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.