Everhart Financial Group Inc. Buys 3,393 Shares of Alphabet Inc. (NASDAQ:GOOG)

Everhart Financial Group Inc. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,130 shares of the information services provider's stock after acquiring an additional 3,393 shares during the period. Alphabet comprises approximately 1.2% of Everhart Financial Group Inc.'s holdings, making the stock its 16th largest holding. Everhart Financial Group Inc.'s holdings in Alphabet were worth $5,738,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Weiss Asset Management LP bought a new position in Alphabet in the 3rd quarter valued at $25,000. Fiduciary Advisors Inc. bought a new position in Alphabet in the 4th quarter valued at $27,000. Safe Harbor Fiduciary LLC bought a new position in Alphabet in the 3rd quarter valued at $33,000. Sanctuary Wealth Management L.L.C. boosted its position in Alphabet by 87.3% in the 3rd quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider's stock valued at $42,000 after buying an additional 117 shares during the last quarter. Finally, Maryland Capital Advisors Inc. boosted its position in Alphabet by 33.0% in the 4th quarter. Maryland Capital Advisors Inc. now owns 266 shares of the information services provider's stock valued at $51,000 after buying an additional 66 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the sale, the director now owns 282,832 shares of the company's stock, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 1,367 shares of Alphabet stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the sale, the chief accounting officer now directly owns 23,515 shares in the company, valued at $4,007,191.15. This represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 116,609 shares of company stock valued at $21,809,990 in the last 90 days. 12.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on GOOG shares. Pivotal Research increased their price objective on Alphabet from $215.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Oppenheimer raised their price target on Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Seaport Res Ptn upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Citigroup raised their price target on Alphabet from $212.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $209.13.

Alphabet Trading Down 2.3 %

Alphabet stock traded down $4.37 during mid-day trading on Friday, hitting $182.27. 11,208,700 shares of the company's stock were exchanged, compared to its average volume of 17,409,787. The firm has a market capitalization of $2.22 trillion, a P/E ratio of 22.64, a PEG ratio of 1.35 and a beta of 1.00. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70. 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's 50 day simple moving average is $194.22 and its 200-day simple moving average is $177.08.

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, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, equities analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company 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 $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, March 10th. Alphabet's dividend payout ratio is 9.94%.

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.