Clune & Associates LTD. Purchases Shares of 4,117 Alphabet Inc. (NASDAQ:GOOG)

Clune & Associates LTD. purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,117 shares of the information services provider's stock, valued at approximately $784,000.

Several other institutional investors also recently bought and sold shares of the stock. Weiss Asset Management LP purchased a new position in shares of Alphabet in the 3rd quarter valued at about $25,000. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the 4th quarter valued at $27,000. Safe Harbor Fiduciary LLC purchased a new stake in Alphabet in the 3rd quarter worth $33,000. Mountain Hill Investment Partners Corp. purchased a new position in Alphabet during the fourth quarter valued at $39,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Alphabet in the fourth quarter valued at about $43,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Ruth Porat sold 17,690 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the transaction, the insider now directly owns 1,449,286 shares in the company, valued at $265,914,995.28. This trade represents a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the transaction, the director now directly owns 272,466 shares of the company's stock, valued at $50,376,238.74. This represents a 9.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,048 shares of company stock worth $17,374,274 in the last quarter. Company insiders own 12.99% of the company's stock.

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Alphabet Stock Up 1.7 %

GOOG stock traded up $2.86 during trading on Tuesday, hitting $172.79. 13,777,238 shares of the company's stock were exchanged, compared to its average volume of 17,844,933. The stock has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 21.46, a PEG ratio of 1.34 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52-week low of $148.20 and a 52-week high of $208.70. The business has a 50-day moving average price of $183.93 and a two-hundred day moving average price of $178.30.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GOOG. Oppenheimer upped their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. Scotiabank increased their price objective on Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. Rosenblatt Securities reaffirmed a "neutral" rating on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Citizens Jmp downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet 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.