2,625 Shares in Alphabet Inc. (NASDAQ:GOOG) Purchased by Bay Capital Advisors LLC

Bay Capital Advisors LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,625 shares of the information services provider's stock, valued at approximately $500,000.

Several other large investors also recently added to or reduced their stakes in the business. Sterling Financial Planning Inc. boosted its position in shares of Alphabet by 2.6% in the 4th quarter. Sterling Financial Planning Inc. now owns 1,941 shares of the information services provider's stock valued at $370,000 after purchasing an additional 50 shares during the period. Arlington Trust Co LLC grew its position in shares of Alphabet by 0.4% during the fourth quarter. Arlington Trust Co LLC now owns 14,423 shares of the information services provider's stock worth $2,747,000 after acquiring an additional 52 shares during the last quarter. Harrell Investment Partners LLC increased its holdings in shares of Alphabet by 0.9% in the 4th quarter. Harrell Investment Partners LLC now owns 5,659 shares of the information services provider's stock valued at $1,078,000 after acquiring an additional 53 shares during the period. Ethos Financial Group LLC raised its position in Alphabet by 0.7% in the 4th quarter. Ethos Financial Group LLC now owns 7,300 shares of the information services provider's stock valued at $1,395,000 after purchasing an additional 53 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its stake in Alphabet by 1.1% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 5,073 shares of the information services provider's stock worth $966,000 after purchasing an additional 54 shares during the period. 27.26% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 1,368 shares of Alphabet stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $3,961,445.55. The trade was a 6.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares in the company, valued at $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,048 shares of company stock valued at $17,374,274. Insiders own 12.99% of the company's stock.

Alphabet Price Performance

GOOG stock traded up $2.86 during trading on Tuesday, reaching $172.79. 13,811,344 shares of the company were exchanged, compared to its average volume of 17,855,898. 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 stock's 50 day moving average price is $183.56 and its 200 day moving average price is $178.44. Alphabet Inc. has a 52-week low of $148.20 and a 52-week high of $208.70. The company has a market cap of $2.11 trillion, a P/E ratio of 21.46, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (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%. As a group, analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Alphabet's payout ratio is 9.94%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GOOG shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Alphabet in a report on Wednesday, February 5th. Rosenblatt Securities reaffirmed a "neutral" rating on shares of Alphabet in a research note on Wednesday, March 19th. Benchmark reaffirmed a "negative" rating on shares of Alphabet in a research report on Wednesday, February 5th. Scotiabank boosted their target price 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 restated an "outperform" rating and set a $220.00 price target on shares of Alphabet in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and an average target price of $209.13.

Alphabet 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.