BostonPremier Wealth LLC Invests $1.31 Million in Alphabet Inc. (NASDAQ:GOOG)

BostonPremier Wealth LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,885 shares of the information services provider's stock, valued at approximately $1,311,000. Alphabet comprises about 0.8% of BostonPremier Wealth LLC's portfolio, making the stock its 17th largest position.

Other hedge funds also recently bought and sold shares of the company. Mill Creek Capital Advisors LLC grew its stake in shares of Alphabet by 20.5% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 23,696 shares of the information services provider's stock valued at $4,513,000 after buying an additional 4,026 shares during the period. Summit Trail Advisors LLC boosted its position in shares of Alphabet by 9.8% during the 4th quarter. Summit Trail Advisors LLC now owns 221,255 shares of the information services provider's stock worth $42,136,000 after purchasing an additional 19,828 shares during the period. Sapient Capital LLC boosted its position in shares of Alphabet by 8.9% during the 4th quarter. Sapient Capital LLC now owns 155,640 shares of the information services provider's stock worth $29,640,000 after purchasing an additional 12,728 shares during the period. Paladin Wealth LLC lifted its holdings in Alphabet by 0.9% during the 4th quarter. Paladin Wealth LLC now owns 12,606 shares of the information services provider's stock worth $2,401,000 after buying an additional 109 shares in the last quarter. Finally, Principle Wealth Partners LLC lifted its holdings in Alphabet by 1.7% during the 4th quarter. Principle Wealth Partners LLC now owns 96,037 shares of the information services provider's stock worth $18,289,000 after buying an additional 1,635 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares of the company's stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the stock in a transaction that occurred on 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 directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,529 shares of company stock valued at $16,600,078 over the last quarter. Company insiders own 12.99% of the company's stock.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of Alphabet from $182.00 to $187.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Canaccord Genuity Group raised their price objective on shares of Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of Alphabet from $208.00 to $212.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Jefferies Financial Group lifted their price target on shares of Alphabet from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and an average price target of $209.13.

Alphabet Trading Down 0.6 %

Shares of GOOG traded down $1.05 on Tuesday, hitting $185.82. 6,993,020 shares of the stock traded hands, compared to its average volume of 17,510,695. The company has a quick ratio of 1.95, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.27 trillion, a P/E ratio of 23.08, a P/E/G ratio of 1.39 and a beta of 1.00. The stock's 50 day moving average is $194.56 and its two-hundred day moving average is $176.81. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) 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%. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.

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.