Crowley Wealth Management Inc. Acquires Shares of 7,381 Alphabet Inc. (NASDAQ:GOOG)

Crowley Wealth Management Inc. purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,381 shares of the information services provider's stock, valued at approximately $1,406,000. Alphabet comprises about 1.2% of Crowley Wealth Management Inc.'s investment portfolio, making the stock its 20th largest holding.

Several other institutional investors have also added to or reduced their stakes in GOOG. FCA Corp TX raised its holdings in Alphabet by 1.1% in the 4th quarter. FCA Corp TX now owns 16,851 shares of the information services provider's stock valued at $3,209,000 after acquiring an additional 182 shares in the last quarter. Napatree Capital LLC raised its stake in Alphabet by 6.3% in the fourth quarter. Napatree Capital LLC now owns 8,862 shares of the information services provider's stock valued at $1,688,000 after purchasing an additional 524 shares in the last quarter. Hill Island Financial LLC grew its stake in Alphabet by 0.8% during the fourth quarter. Hill Island Financial LLC now owns 7,776 shares of the information services provider's stock worth $1,481,000 after buying an additional 59 shares in the last quarter. Samalin Investment Counsel LLC increased its holdings in Alphabet by 6.7% in the 4th quarter. Samalin Investment Counsel LLC now owns 2,993 shares of the information services provider's stock valued at $570,000 after buying an additional 188 shares during the period. Finally, Heron Bay Capital Management increased its holdings in Alphabet by 1.8% in the 4th quarter. Heron Bay Capital Management now owns 17,687 shares of the information services provider's stock valued at $3,368,000 after buying an additional 312 shares during the period. 27.26% of the stock is currently owned by institutional investors.

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Alphabet Trading Up 1.2 %

NASDAQ GOOG traded up $2.04 on Tuesday, reaching $171.97. The company had a trading volume of 6,123,102 shares, compared to its average volume of 17,844,933. The firm has a market cap of $2.10 trillion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a fifty-two week low of $148.20 and a fifty-two week high of $208.70. The business has a 50 day moving average of $183.93 and a two-hundred day moving average of $178.30.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The business 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. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet's dividend payout ratio is currently 9.94%.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ruth Porat sold 17,690 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now owns 1,449,286 shares in the company, valued at $265,914,995.28. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,048 shares of company stock worth $17,374,274 in the last quarter. Company insiders own 12.99% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Rosenblatt Securities reaffirmed a "neutral" rating on shares of Alphabet in a report on Wednesday, March 19th. Needham & Company LLC reissued a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Morgan Stanley reaffirmed an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Benchmark reissued a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and an average target price of $209.13.

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.