Astra Wealth Partners LLC Buys New Position in Alphabet Inc. (NASDAQ:GOOG)

Astra Wealth Partners LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,135 shares of the information services provider's stock, valued at approximately $597,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wescott Financial Advisory Group LLC increased its position in shares of Alphabet by 31.9% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 2,430 shares of the information services provider's stock worth $463,000 after purchasing an additional 587 shares in the last quarter. Conquis Financial LLC purchased a new stake in Alphabet in the fourth quarter valued at approximately $114,000. Resolute Advisors LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $688,000. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Alphabet by 1.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 11,787 shares of the information services provider's stock worth $2,245,000 after acquiring an additional 154 shares during the last quarter. Finally, Proem Advisors LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $15,235,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Stock Performance

Shares of GOOG traded down $4.89 during mid-day trading on Friday, hitting $147.74. The stock had a trading volume of 39,777,547 shares, compared to its average volume of 19,017,938. 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 company has a market cap of $1.80 trillion, a PE ratio of 18.35, a PEG ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a fifty-two week low of $146.24 and a fifty-two week high of $208.70. The company's fifty day simple moving average is $177.04 and its two-hundred day simple moving average is $178.30.

Remove Ads

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results 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 net margin of 28.60% and a return on equity of 32.49%. On average, equities analysts expect that Alphabet Inc. will post 8.89 earnings per share 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 dividend on an annualized basis and a yield of 0.54%. Alphabet's payout ratio is currently 9.94%.

Analyst Ratings Changes

GOOG has been the subject of several recent research reports. Benchmark reiterated a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Rosenblatt Securities reaffirmed 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. Oppenheimer raised their price objective 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. Finally, Wedbush restated an "outperform" rating and set a $220.00 target price 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 issued a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.65.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the transaction, the director now owns 21,824 shares in the company, valued at approximately $4,142,195.20. This represents a 6.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,297 shares of company stock valued at $15,936,270. 12.99% of the stock is currently owned by insiders.

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.